On May 22, 2010, history was made when Florida man Laszlo Hanyecz conducted the first-ever real-world transaction using Bitcoin. He traded 10,000 Bitcoins for two large pizzas from Papa John’s. Back then, those Bitcoins were worth about $41. Today, their value is over a billion dollars!
Every year on May 22, the crypto community celebrates Bitcoin Pizza Day, a global reminder of Bitcoin’s humble beginnings and its rise as a major player in the financial world. Events and discounts—often involving Bitcoin payments—take place worldwide to mark this milestone.
Despite the staggering value of those Bitcoins today, Hanyecz has no regrets. For him, proving that Bitcoin could be exchanged for real goods was “incredibly cool.” This transaction not only kickstarted Bitcoin’s journey as a medium of exchange but also paved the way for its widespread adoption.
Fast forward to today, Bitcoin averages nearly 500,000 transactions per day, powering e-commerce, peer-to-peer transfers, and cross-border payments. The story of Bitcoin Pizza is both a celebration of innovation and a lesson in the unpredictable value of cryptocurrencies.
Would you trade 10,000 Bitcoins for pizza today?
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