A reporter spent 10 bitcoins on a sushi dinner in 2013, these coins are now worth almost $300 000

Tech reporter once traded $300 000 worth of Bitcoin for a sushi dinner.

In 2013, this reporter spent 10 BTC, worth $1000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it.

On December 16, Bitcoin surpassed $20 000 level for the first time, hitting an all-time high. Against this backdrop, The New York Times journalist Kashmir Hill recalled how in 2013, even before the cryptocurrency boom, she spent 10 bitcoins at a sushi bar, paying for dinner with 60 strangers. By December 2020, her receipt had grown from $957 to $230 000.

In May 2013, Kashmir Hill was working as a technology reporter for The New York Times. At the time, entrepreneurs and investors were just starting to take a serious interest in Bitcoin, which had risen to $100, Hill recalls. On that wave, the journalist decided to buy bitcoins on Coinbase and live off them for a week as an experiment.

The first businesses accepting cryptocurrency payments were already popping up in San Francisco. One of them is Sake Zone, a sushi bar. On the last night of the experiment, a journalist went there to celebrate the end of the experiment and to spend the remaining bitcoins: to do so, she invited strangers — crypto-enthusiasts from Meetup and Reddit — to the restaurant.

Hill warned restaurant owner Jung Chen that about 15 people would be at the meeting, but in the end 60 responded to the social media offer. Among them were Bitcoin developers, economists, two Burning Man festival founders and a “cryptocurrency speculator” wearing Google Glass glasses. Hill paid for the dinner for everyone who came.

This story really teaches us the importance of patience when it comes to Bitcoin. So hold your coins and mine them with our Bitcoin cloud mining platform Hashmart.io!