If You Invested $1,000 In Bitcoin When It Launched, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
The article discusses the early days of Bitcoin, its first transactions, and the potential returns if someone had invested $1,000 in Bitcoin at that time. It highlights the first recognized Bitcoin transaction on PayPal and the famous Bitcoin-pizza transaction.
June 21, 2023 | 6:45 pm
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PayPal was used for one of the first recognized Bitcoin transactions in 2009, when a Finnish student sold 5,050 Bitcoin for $5.02.
Although PayPal was used for one of the first Bitcoin transactions, it is a historical fact and does not have a direct short-term impact on the company's stock price. However, it highlights PayPal's early involvement in the cryptocurrency space.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Papa John's was involved in the famous Bitcoin-pizza transaction in 2010, when a person in England spent around $41 to buy pizza in exchange for 10,000 Bitcoin.
The Bitcoin-pizza transaction involving Papa John's is a historical event and does not have a direct short-term impact on the company's stock price. However, it highlights the early use of Bitcoin for retail transactions.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50