In 2010, a guy named Carl was super excited about Bitcoin but didn’t fully understand its potential. He told his friends, “I have 1,000 Bitcoin! I’m basically rich!” But back then, each Bitcoin was worth about $0.10, so his friends just laughed, saying, “Sure, Carl, you’re rolling in it.”
One night, Carl had a little too much to drink and decided to mess around with his newfound “wealth.” He logged onto an online pet store that had started accepting Bitcoin and decided it was time to pamper his roommate’s pet parrot, Polly. Drunk Carl bought the fanciest parrot cage, a stack of exotic bird toys, and even a little parrot tuxedo for Polly—all for 500 Bitcoin.
The next day, Carl woke up to a hangover and a receipt showing that he’d spent half his “fortune” on bird gear. Annoyed but thinking he’d gotten rid of a meaningless stack of coins, he didn’t give it much more thought.
A few years later, when Bitcoin hit $10,000, Carl calculated that Polly’s luxury items were now worth $5 million. Polly became known as the world’s first “million-dollar parrot” and, fittingly, refused to leave her fancy cage for anything less than gourmet birdseed.
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