Category Archives: CBS 60 Minutes

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Bitcoin Shrugs Off Selling Pressure to Start Week Above $8,000

Bitcoin Shrugs Off Selling Pressure to Start Week Above ,000

Bitcoin prices have begun to found some solid ground after yesterday’s bulls ensured that most of the losses from reaching a 2019 high were recovered. Even under intense selling pressure from speculators looking to take quick profits from the recovery, Bitcoin price has still survived Monday’s Asian trading to level at around USD 8,000 as it waits for Europe Monday trading to assume.

The recent break out is still seen as a significant sign for the cryptocurrency market, especially in the face of a lack of major news announcements compounded by the huge pullback. Analysts such as CryptoMonk believe these are the early sparks that will set off a large appetite for buyers to head towards USD 9,000, if they can withstand further profit taking at that level.

$BTC has just successfully printed another HL.
It’s a matter of time before we see + $9k. pic.twitter.com/YV071r2jHG

— The Crypto Monk ⛩ (@thecryptomonk) May 19, 2019

Another crypto analyst, The Cryptomist, opined that a huge movement for altcoins may occur towards the end of this month, thanks to the upswing of Bitcoin, which has continued to outperform most other altcoins.

Whatever the movement, Bitcoin is certainly making new impressions on the mainstream. Yesterday, CBS 60 minutes featured an entire hour with Anderson Cooper to interview the man who bought pizzas for 10,000 Bitcoins, at a time when Google search interest in the world’s foremost cryptocurrency has hit a 15-month high. And apparently, people on the streets are now stopping each other to talk about Bitcoin.

My dad won’t wear the Coinbase shirts I gave him anymore since he says people stop him in public to talk about the price of bitcoin 😂

— Linda Xie (@ljxie) May 19, 2019

 

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Bitcoin Pizza Man Gets Anderson Cooper Exclusive on CBS 60 Minutes

The man whose landmark purchase of pizza with Bitcoin nine years ago is celebrated annually as Bitcoin Pizza Day is about to re-enter mainstream headlines, this time to appear on the CBS 60 Minutes segment in an exclusive with legendary CNN journalist and 60 Minutes correspondent Anderson Cooper.

In the early days of cryptocurrency, one man decided to trade his bitcoin for pizza. It was a historic event, but not such a great investment. “60 Minutes” reports, Sunday https://t.co/qS8Swvl5Go pic.twitter.com/raUBvyCD36

— 60 Minutes (@60Minutes) May 16, 2019

On 22 May 2010,  Laszlo Hanyecz of Jacksonville Florida made history by purchasing two large pizzas. He paid pizza joint Papa Johns 10,000 Bitcoins, today worth a staggering USD 73 million.

While undoubtedly a well-known celebrity among Bitcoin communities, Hanyecz will now truly get the mainstream treatment by appearing on one of the most watched TV shows in North America and interviewed by one of the most respected media personalities in the Western world.

An excerpt from the interview reveals a man who is happy and proud to be part of Bitcoin history, yet who rather humanly avoids lingering on price comparisons so as not to feel regret:

Cooper: “That’s USD 800 million [erroneous, Cooper meant USD 80 million, Bitcoin price at the time was USD 8,000]. You spent about USD 800 million on pizza?”

Hanyecz: ” “Well, if you look at today’s exchange rate.”

Cooper: “Are there nights you wake up “where you think, ‘I could have had $800 million… if I hadn’t bought those pizzas?’”

Hanyecz: “I think thinking like that is… not really good for me.”

The episode airs this Sunday to estimated millions of viewers, 19 May 2019 at 7.00pm EST (11.00pm UTC).

 

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