My $200,000 sushi dinner
22 Dec, 2020 06:47 PM
7 minutes to read
In 2013, this reporter spent 10 Bitcoin on a sushi dinner for dozens of strangers. Photo / 123RF
New York Times
By: Kashmir Hill
In 2013, this reporter spent 10 Bitcoin, worth $1,000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it. The hell year that is 2020 has wreaked havoc on life as we know it. But you know what it s been good for? Bitcoin.
The cryptocurrency has been soaring, hitting a high of over US$20,000 ($28,000) per coin over the past week. There is now more than US$350 billion ($497 billion) worth of Bitcoin in the world, an incredible appreciation for a virtual money that was worth basically nothing a decade ago.
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A reporter spent 10 bitcoins on a sushi dinner for dozens of strangers in 2013. Those coins are worth $230,000 today.
A reporter spent 10 bitcoins on a sushi dinner for dozens of strangers in 2013. Those coins are worth $230,000 today.
Shalini NagarajanDec 18, 2020, 06:00 IST
Shutterstock/Kzenon
A tech reporter once lived on bitcoins for a week straight to test how valuable they were in the real world.
She bought a bunch of bitcoins in 2013 for $136 each on Coinbase, hoping to use them for daily expenses.
On the last night of her experiment, she spent 10 bitcoins on a
sushi dinner for dozens of strangers. Today those would be worth about $230,000.