It should be remembered that at that time the value of Bitcoin compared to the dollar was 0. In fact, every year, during the Bitcoin Pizza Day it is published how much those 10,000 BTC would be worth today. The maximum was at US$690 million. There is even the Bitcoin Pizza Index that updates you how much those 10,000 BTC would be worth. But Sturdivant clearly didn’t have the ball of the future.
People will wonder then, what did Jeremy Sturdivant do with that amount of Bitcoins? At the time of completing the transaction he was 19 years old and admitted in 2018 in an interview with The Telegraph that he no longer has them in his possession.
There he said that although he regrets not keeping them, what he intended to do at that time was “facilitate a purchase”. “Bitcoins went into a wallet which was later liquidated to cover expenses while I was traveling around the US with my girlfriend at the time”he explained.
“If you were to treat it as an investment, the net profit was over 1000%… which means that didn’t make me particularly rich“, he added.
In another interview, this time with Bitcoinwhoswho, Jeremy Sturdivant stated that “Bitcoin as a currency is meant to be spent. That 10,000 BTC made its way back into the economy pretty quickly, at the time it was worth regarding $400.“.
“With perfect knowledge of the future, I would have acted differently, but that might be said of anyone”, admitted with The Telegraph. Regarding the fact, he recalls that the order itself was “pretty simple.” What he did was order the pizzas over the phone from California to Florida using a credit card.
Finally, he stated that “although I cannot claim any responsibility for the success of Bitcoin, I am proud to have been part of something that went from being an interesting conceptual project to a global phenomenon so quickly“.
