#BinancePizzaDay
A slice! The pizza exchanged for Bitcoin? It almost changed the fate!
In 2010, a programmer named Laszlo Hanyecz spent about 10,000 Bitcoin for two pizzas, a transaction that became quite legendary in the cryptocurrency market.
Hanyecz actually did not pay the pizzeria directly with Bitcoin. Instead, what happened was that he paid 10,000 Bitcoin to another user, and then used traditional money to buy the pizza for him.
Today, two pizzas (based on Friday's price) cost about 1.033 million dollars. Then, the same user even continued to break down the costs further: "Assuming a base pizza cost of $ 3.75 dollars, I calculated that each high piece costs 56 million dollars." Some pizza ingredients are ridiculously expensive, like cheese, green peppers, black olives, and mushrooms!
Although the certain wealth is definitely a missed opportunity, Laszlo does not regret his purchase. His transaction actually established the real value of Bitcoin, which previously had no clear value. Today, May 22 is celebrated as "Bitcoin Pizza Day" by people in the cryptocurrency community around the world.
Lessons for investors
The story of Bitcoin pizza will surely teach us some valuable lessons about early adoption, security risks, and maintaining a market perspective. Although not many people will see such enormous returns on investments, today’s cryptocurrency market offers much more accessible entries and secure infrastructure compared to what was available back then.
