On 22 May 2010, a Florida based Programmer ordered 2 pizzas for 10,000 BTC which now worth $700 million. From then every year this day is considered as ‘Bitcoin Pizza Day’.
On May 22, 2010, Laszlo Hanyecz, a programmer from Florida ordered pizzas. But instead of dollars, he offered 10,000 Bitcoins for two pizzas. Back at that time bitcoins were new in market and were very cheap.
10,000 Bitcoins for Two Pizzas: A Deal for the Ages
Jeremy Sturdivant, a 19-year-old student in California, took up the offer and ordered two large Papa John’s pizzas for Hanyecz, completing the first documented commercial transaction using Bitcoin. 14 years ago, the bitcoins were worth of $41. Today, the same BTC worth around $700 million making it the most expensive pizza purchase.
Celebrating BTC Pizza Day: A Global Feast
Each year on May 22nd, the crypto community comes together to celebrate the BTC Pizza Day and organize pizza parties, online educational discussion and even promotion of the digital coins by Binance and Bidget. It’s a fun way to remember the first time someone bought something real pizza with Bitcoin.
Bitcoin Pizza Day: A Tribute to Crypto’s Growth
The event is more than just a fun event. It symbolizes the BTC’s evolution from just a small digital money to a mainstream financial asset now, displaying the early investors spirits and the growing digital currencies acceptance in market.
This event, now known as Bitcoin Pizza Day, serves as a reminder of the early days of Bitcoin and its incredible journey. The value of Bitcoin can fluctuate significantly and past performance is not indicative of future results.
However, investors should do their own research to avoid the significant losses.
Also Read: Bitcoin Price Explosion: Biden’s Landmark Crypto Vote?
