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Facebook executive speaks about Bitcoin Free download
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Facebook executive speaks about Bitcoin Free download - Video

Schiff: Bitcoin resembles tulip bubble

The Winklevoss twins call bitcoin "gold 2.0," but longtime gold investor Peter Schiff laughs at the comparision. With CNBC's Jackie DeAngelis and the "Futures Now" traders.

To be sure, the partnership does not mean that Euro Pacific is taking any direct position in bitcoin. BitPay converts the bitcoins from customers into the U.S. dollars in which Euro Pacific will be paid.

"It's a means of payment that allows us to complete the equivalent of credit card transactions, but with a much more efficient process and with a much lower fee," said Michael Finger, director of marketing at Euro Pacific. "Bitcoin facilitates the process, but we're not speculating on bitcoin in any way."

But it's more than a mere marriage of convenience. For Finger, bitcoin investors make for natural gold investors.

"A lot of people in bitcoin are hard money advocates. They know a lot about money, and monetary policy," Finger said. And if they have made a lot of money in bitcoin, there's a good chance they'd like to "put it into gold and silver, and not cash."

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Bitcoin hater Schiff now selling gold for bitcoins

Who knew buying a hungry guy pizza could make you a millionaire?

The first Bitcoin transaction, according to Internet lore, was for two Papa John's pizzas delivered to a guy in Florida named Laszlo Hanyecz, who ponied up 10,000 bitcoin (about $30) in exchange for the pies.

"It was a good pizza," Hanyecz, 32, told ABC News today.

According to today's exchange rate for the crypto currency, the pizzas would have cost Hanyecz about $5 million.

The programmer, who said his balance is now "in the low single digits," said he is proud of his place in Bitcoin history.

"It kind of helped show people what it was worth," he said.

On May 18, 2010, Hanyecz posted his humble request on the Bitcoin Talk forum.

"I'll pay 10,000 bitcoins for a couple of pizzas ... like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!" the post read.

He continued: "I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. If you're interested please let me know and we can work out a deal."

Hanyecz posted on May 22 that someone had taken him up on his offer -- marking what is believed to by many in the community to be the first crypto currency exchange for goods.

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'Bitcoin Pizza Day': Why 2 Pies Are Now Worth $5 Million