Quote
Or the guy that bought that 10,000 BTC pizza...
My hunch is, he probably had 10-100x times that
You guys completely missed the point! What he did paved the way for btc valuation and legitimacy. The value of that purchase has much much more weight that whatever fiat value it had or have now.
Think about it.
I keep hearing that but I can't really imagine that a pizza purchase was that important in the history of Bitcoin.
It's not about a pizza! It's about purchasing something tangible with cryptocurrency. BTC got its second boost when wikileaks and other websites started to accept them. Think about a currency which just gets generated and sits there, without a media of exchange - it is worthless, or will become worthless in a matter of time.
Secondly, 20/20 is always rosy. If btc was dead today instead of 140usd/btc, you would have said - great - at least he got few pizzas. That is always the truth in investing. If you knew Apple stock will reach 700 at some point in next 2 years, you would have bought it at 14 usd per share. Same goes for many other stocks.
Anyway, to me, the first point carried most value, and I thank him for doing it. Very bold and relevant step.