The crypto industry is filled with significant milestones, one of which is the Bitcoin Pizza Day. It is celebrated by remembering this digital asset’s first-ever commercial payment transaction. Fifteen years ago, history was made when someone spent 10,000 BTC to buy two pizzas. Although at that time it was a mere few bucks, it is more than a billion today.
Bitcoin Pizza Day Celebrates Laszlo Hanyecz’s BTC Transaction
The renowned Bitcoin Pizza Day is celebrated on May 22 and will mark the 15th anniversary tomorrow. It is celebrated by crypto enthusiasts and platforms all around the world, as the programmer Laszlo Hanyecz purchased two pizzas for 10,000 BTC, fifteen years ago.
Not only did he buy Pizza with a digital currency, but he also marked the first commercial usage of BTC in history. Sources reveal that, on May 22, 2010, Hanyecz utilized 10,000 BTC, equivalent to $42 at the time, to buy pizza, after he posted an offer on Bitcoin Forum for someone to order him Papa John’s Pizza for these 10,000 tokens.
Interestingly, Jeremy Sturdivant accepted it, making history. With that, they confirmed that this digital asset has a value outside of the internet world. From then, Bitcoin became the tool of solving traditional financial issues and has gained significant value over time.
With a legendary role in Bitcoin history, Laszlo Hanyecz is a well-known personality in the crypto industry. It is unclear if he still holds any of BTC, but experts believe that if he had, he could be a millionaire today.
Evolution of Bitcoin From Nothing to the 5th Biggest Asset
It has covered significant milestones from the worth of $0.0041 for BTC to $109.4k (new ATH) today. It includes institutional and retail buyers jumping on various trading opportunities. MicroStrategy recently bought 7,390 Bitcoin, and Metaplanet, among others, are doing the same.
Amid ongoing Senate Bills on Bitcoin Reserve among various US states, countries like Bhutan, El Salvador & others holding on BTC, it has become the 5th biggest asset after Gold, Microsoft, NVIDIA & Apple, per Global ranking.
At present, a day before Bitcoin Pizza Day, BTC trades at $$109k with a market capitalization of $2.16T. Additionally, it has a TV of $63.51B and dominance of 63%, revealing its demand and impact in the crypto market.
Frequently Asked Questions (FAQs)
Laszlo Hanyecz is a programmer who made the first ever commercial transaction of Bitcoin, exchanging 10,000 BTC for 2 pizzas.
At the current Bitcoin price of $109k, they are worth more than $1 billion today.
It is among the biggest milestones for the crypto industry, as it signifies the adoption of BTC for real-world adoption and that has use cases outside of the Internet.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/trending/bitcoin-pizza-day-who-paid-10000-btc-for-pizza/
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