Bitcoin Pizza Day ๐
On May 22, 2010, a programmer named Laszlo Hanyecz made the first recorded purchase of a physical good using Bitcoin. He spent 10,000 Bitcoin to buy two Papa Johnโs pizzas, marking the first time Bitcoin was used to purchase something tangible in the real world.
This transaction is celebrated annually as Bitcoin Pizza Day and is considered a pivotal moment in the history of cryptocurrency. It demonstrates the transition of Bitcoin from a digital asset to a means of purchasing goods and services, highlighting its potential as a viable currency. The event also underscores the rapid appreciation of Bitcoinโs value, as those 10,000 Bitcoin, which were worth approximately $41 at the time of the transaction, would be worth millions of dollars today.
