Category: Blogs

Should you be investing in Bitcoin? Is this the next multibagger asset class? Are bitcoin and gold comparable investments? On the evening of 22 May 2010, a gentleman called Laszlo Hanyecz was feeling hungry and decided to have some pizza. But here’s the twist – he wanted the pizza in exchange for bitcoins. A full 10,000 of them. He put up this offer on a bitcoin forum and this was accepted by a British man who honoured this arrangement and ordered them for Laszlo in exchange for this mysterious internet money. At the time, these bitcoins were worth $41 – today, these are worth a whopping INR 796,80,18,955 (a growth of 2.5 million times!).This day is known as the Bitcoin Pizza day.