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Bitcoin’s Pizza Day: What Will It Take for BTC’s Status to Shift from Digital Gold to Spending Curre
#LearnAndDiscuss
In the crypto world, every 22nd of May is marked as Bitcoin Pizza Day, in memory of Laszlo Hanyecz, who in 2010 paid 10,000 BTC for 2 pizza pies from Papa John’s pizza. Back then, “the pizzacoin” above didn’t offer much in the way of actual currency, value or even feasibility, it was in the early stages of being introduced as a currency, and Hanyecz's purchase was meant as not only promotion, but rather a mile marker for a motion towards a digital currency system.
Inwardly begs the question: bitcoin isn’t fast food anymore, but what is it now? 14 years later, it has transformed into a form of currency affectionately referred to by almost everyone around the world as “digital gold”. Still different from buying gold, as most often is the case, it’s now a highly coveted and sought after store of value to hoard. And that brings us to the all important question:
What needs to take place for bitcoin to once again try and meet the set goals of its former self and turn into a decentralized type of currency we can use day in and day out?
In the crypto world, every 22nd of May is marked as Bitcoin Pizza Day, in memory of Laszlo Hanyecz, who in 2010 paid 10,000 BTC for 2 pizza pies from Papa John’s pizza. Back then, “the pizzacoin” above didn’t offer much in the way of actual currency, value or even feasibility, it was in the early stages of being introduced as a currency, and Hanyecz's purchase was meant as not only promotion, but rather a mile marker for a motion towards a digital currency system.
Inwardly begs the question: bitcoin isn’t fast food anymore, but what is it now? 14 years later, it has transformed into a form of currency affectionately referred to by almost everyone around the world as “digital gold”. Still different from buying gold, as most often is the case, it’s now a highly coveted and sought after store of value to hoard. And that brings us to the all important question:
What needs to take place for bitcoin to once again try and meet the set goals of its former self and turn into a decentralized type of currency we can use day in and day out?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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