What is the history of Bitcoin pizza day
Bitcoin Pizza Day, celebrated annually on May 22, commemorates the first real-world transaction using Bitcoin. On this day in 2010, Laszlo Hanyecz, a programmer from Florida, paid 10,000 BTC for two Papa John's pizzas. At the time, the bitcoins were worth about $41. This transaction demonstrated Bitcoin's potential as a medium of exchange, marking a significant milestone in cryptocurrency history.
The recipient of the 10,000 BTC was Jeremy Sturdivant, who facilitated the pizza purchase. Over time, the value of those bitcoins has skyrocketed. As of May 22, 2025, Bitcoin reached a new all-time high of $111,800, making the original 10,000 BTC worth over $1.1 billion.
Hanyecz has expressed no regrets about the transaction, stating that it made Bitcoin "real" to him. He continued to use Bitcoin for various purchases, spending nearly 100,000 BTC in 2010 alone.
Today, Bitcoin Pizza Day is a cultural event in the crypto community, celebrated with meetups, pizza parties, and educational events worldwide. It serves as a reminder of Bitcoin's humble beginnings and its evolution into a widely recognized digital asset.
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