Bitcoin has passed the $100,000 threshold for the first time. At approximately 9:39PM ET this evening, the cryptocurrency's value hit six figures, moving it past the milestone for the first time in its nearly 16-year history. As of the morning of December 5th, the price has stayed well above that $100,000 mark, and Bitcoin's value has generally been steadily increasing over the past month or so. That's no guarantee it'll stay where it is, but it's clearly having a moment.
That also means the legendary Bitcoin pizza order is now worth $1 billion. For those not in the loop, a Florida man — because, of course it was a Florida man — paid 10,000 BTC for two Papa John's pizzas over 14 years ago in what's considered the cryptocurrency's first commercial transaction.
"I'll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some left over for the next day," Laszlo Hanyecz posted in a crypto forum on May 18, 2010. Four days later, a British man took him up on the offer. That amount was only worth $45 at the time. (And the UK man only paid Papa John's $25!) But only nine months later, the transaction's value had skyrocketed to $10,000.
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