In 2013 Adam Welsh commuted over two hours to Allentown, Pennsylvania, the third largest city in Pennsylvania. Little did he know, he would soon secure his spot in cryptocurrency history: being one of the first individuals to conduct an over-the-counter Bitcoin transaction at a Lehigh Valley business (the Lehigh Valley has OVER 800,000 residents).
Of all places, this business happened to be Subway, a corporate eatery we all know quite well. Adam paid 0.04 Bitcoin for his Chicken Bacon Ranch sandwich at the time, which presumably cost the usual $5 - $6. See video below:
This transaction not only made local history for a large Metropolitan area; it also shows how FAR Bitcoin has come. As you can see from the picture below, Bitcoin is currently valued at $4,144.99.
Therefore, that 0.04 Bitcoin Adam paid for his sandwich is equivalent to $165.80 today! Think about how mind-boggling that is for a moment... Adam echoes this in an update he posted on his video 2 months ago (the value has gone up $45 since!):
Thanks to early pioneers like Adam (as well as the Subway owner), Bitcoin made it through the early stages and is now a household name. And considering that forecasters predict that Bitcoin will break $10,000 by the end of this year, we can expect Adam's sandwich to only become exorbitantly more expensive over time.