Jump directly to the content

THIS painful online video shows the moment a Bitcoin trader spends more than £500,000 - on a Domino's Pizza.

The instructional YouTube clip from 2011 shows American Michael Hendricks give a step-by-step guide on how to order a pizza using crypto cash.

🔵 Read our cryptocurrency live blog for the latest Bitcoin updates

Michael Hendricks gives a step-by-step guide of how to order a pizza using Bitcoin
4
Michael Hendricks gives a step-by-step guide of how to order a pizza using Bitcoin

It opens with the unfortunate trader saying: "In this video I will show how to buy a pizza using Bitcoin."

Hendricks is a 14inch "hand tossed" pizza topped with pepperoni and black olives for $18.00 (£12.75).

The trader purchases his pie with a Domino's gift card using 19.12 Bitcoin saying that "sounds like a good price."

However, what he would have not known at the time is that those crypto coins would be worth £502,650 today.

Those to have seen the clip say the trader must now be having nightmares over the boom and crust purchase.

One YouTube commenter wrote: "I bet this guy remembers this every time he closes his eyes."

Another stated: "I don't know how this guy can sleep a single night of his life without thinking about this."

While a third added: "This has been the worst trade deal in the history of trade deals, maybe ever."

The trader purchases his pie with a Domino's gift card using 19.12 Bitcoin
4
The trader purchases his pie with a Domino's gift card using 19.12 BitcoinCredit: Will Ireland/PinPep
Those to have seen the video say he must now be having nightmare over his pizza purchase
4
Those to have seen the video say he must now be having nightmare over his pizza purchaseCredit: Anthony Brown

A fourth pointed out: "I hope you enjoyed that pizza. The most expensive pizza anyone will ever buy."

However, others were quick to leap to the trader's defence.

One wrote: "Bitcoin are supposed to be spent. If they can't be spent in exchange for something. They are worthless."

Another chipped in: "There was no way he could have known btc would go to the moon!

"He still obviously got into crypto super early! And he likes pizza! He is one of the good guys."

While a third wrote: "This man deserves a pat on the back for helping the BTC community grow."

At the weekend we reported how the original Bitcoin-Pizza guy said he had no regrets over his fast food purchase - which left him more than £250m out of pocket.

Laszlo Hanyecz - who spent 10,000 Bitcoin on two pizzas in 2010 - said : "I don't regret it. I think that it's great that I got to be part of the early history of Bitcoin in that way.

"People know about the pizza...everybody can kind of relate to that and be [like] 'Oh my God, you spent all of that money!'"

How Laszlo Hanyecz's 10,000 Bitcoin pizza breaks down in today's prices
4
How Laszlo Hanyecz's 10,000 Bitcoin pizza breaks down in today's prices

The Florida man was an early contributor to Bitcoin’s software when it was barely a year old.

He even coded a programme that made it possible for fans to mine the currency using their computer’s graphics cards (GPU).

However, his life changed forever when he posted a message on a Bitcoin chat forum on May 22, 2010.

He wrote on Bitcointalk: "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. 

"I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. 

"If you're interested please let me know and we can work out a deal."

Jeremy Sturdivant answered the online plea and  struck a deal which should also have made him rich beyond his wildest dreams.

He ordered two large supreme pizzas in return for 10,000 Bitcoin, which was worth only about £30 at the time.

Today those coins would be worth a staggering £257,869,013.

It is a fortune which could have bought him a private island, a luxurious mansion, and several private jets.

Sturdivant now admits that not saving the Bitcoin was “certainly” a big regret but says at the time he was simply “facilitating a purchase”.

Read More on The Sun

The cryptocash disappeared when Sturdivant used it to "cover expenses" while travelling the US with his girlfriend.

He later told the Telegraph: "If I had treated it as an investment, I might have held on a bit longer."

IT worker begs for help to find hard drive containing £220MILLION in Bitcoin he threw away
Topics
LOGO_machibet_200x200

Machibet

star star star star star 4.9/

6,000.000+downloads/Free/Bengali/Version2.3.4

777 BDT IPL 2025 Sports First Deposit Bonus

  • 5,000 BDT Daily Reload Bonus
  • Boost Your First Deposit with a 300 BDT Bonus
  • 100% First Deposit Refund Bonus up to 5,000BDT
bKash bank OK Wallet upay
PLAY NOW
Free Bonus
Download For
android