#BinancePizza

Bitcoin Pizza Day, celebrated annually on May 22, marks the first documented real-world transaction using Bitcoin. On May 22, 2010, Laszlo Hanyecz, a Florida-based programmer, paid 10,000 BTC for two Papa John’s pizzas, valued at roughly $41 at the time (1 BTC ≈ $0.004). This historic exchange, facilitated by Jeremy Sturdivant, who ordered the pizzas, demonstrated Bitcoin’s potential as a medium of exchange, kickstarting its journey from a niche experiment to a global financial asset.

Today, those 10,000 BTC are worth hundreds of millions of dollars, with estimates ranging from $630 million to $710 million based on Bitcoin’s price peaks (e.g., $68,990 in 2021 or $70,098 in 2024). The event, initially posted on the Bitcointalk.org forum on May 18, 2010, took four days to complete due to Bitcoin’s novelty. Hanyecz has expressed no regrets, noting the transaction’s role in proving Bitcoin’s utility.

The crypto community celebrates Bitcoin Pizza Day with pizza parties, promotions, and events, often encouraging payments in Bitcoin. It symbolizes Bitcoin’s growth and the broader adoption of cryptocurrencies, from DeFi to NFTs, while highlighting their volatility. Some sources note Hanyecz continued similar transactions, buying eight pizzas for 40,000 BTC total, though the May 22 deal remains iconic.

Current sentiment on X reflects enthusiasm, with posts calling it a “legendary” moment and noting Bitcoin’s price evolution (e.g., $70,098 in 2024 vs. $0.0065 in 2010). There’s also a meme coin, Bitcoin Pizza Day (PIZZA), trading at $0.4588 on Ethereum as of May 21, 2024, down 28.22% in 24 hours.

Fun fact: At today’s price of ~$97,000 per BTC (based on recent market trends), those two pizzas would cost ~$970 million. Want to celebrate tomorrow by ordering a pizza with BTC? I can suggest ways to do it!