Man Who Spent $446 Million on Pizza Has Advice for Tesla Fans

Hi, Olga here. Laszlo Hanyecz said he wouldn’t spend his Bitcoins on a Tesla. Hanyecz knows what he’s talking about: In 2010, he paid 10,000 Bitcoins, worth about $446 million at current prices, for two pizzas.

It was the first known commercial transaction of cryptocurrency. Back then, Bitcoin’s price stood at less than a penny. It hit an all-time high of about $47,000 on Tuesday, the day after Tesla Inc. said it bought $1.5 billion in Bitcoin and will accept the digital currency for the purchase of cars.

“Personally, I am not too interested in Tesla,” Hanyecz wrote in an email. ...