Bitcoin Pizza Day is celebrated every year on May 22nd to commemorate the first known real-world transaction using Bitcoin.
Here's what happened: On May 22, 2010, a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two Papa John’s pizzas. At the time, 10,000 BTC was worth around $41 USD. He posted on a Bitcoin forum offering the coins to anyone who would order and deliver pizza to him. A British man accepted the offer and had the pizzas delivered to Laszlo in Florida. Why it's significant: It marked the first tangible use of Bitcoin as a currency for a real-world purchase. It demonstrated Bitcoin's potential as a medium of exchange, rather than just a theoretical digital asset. At today’s prices (as of 2025), those 10,000 BTC would be worth hundreds of millions of dollars — making it perhaps the most expensive pizza in history. Bitcoin Pizza Day is now a symbolic milestone in crypto history, celebrated by crypto enthusiasts to reflect on how far Bitcoin has come.$BTC
Understanding Bitcoin: The Digital Gold of the 21st Century
Bitcoin (BTC) is a decentralized digital currency that was invented in 2008 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It was released as open-source software in 2009, and since then, it has grown into the most recognized and valuable cryptocurrency in the world. Understanding Bitcoin: The Digital Gold of the 21st Century Bitcoin (BTC) is a decentralized digital currency that was invented in 2008 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It was released as open-source software in 2009, and since then, it has grown into the most recognized and valuable cryptocurrency in the world. Unlike traditional currencies issued by governments (also called fiat currencies) , Bitcoin operates on a peer-to-peer network without a central authority. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called the blockchain.One of Bitcoin’s most revolutionary features is its limited supply. There will only ever be 21 million BTC, which makes it resistant to inflation — similar to gold, hence it is often referred to as "digital gold." Investment: Many see it as a store of value or "digital asset."
Transactions: It allows for fast, low-fee international transfers.
Hedge against inflation: Especially in countries with unstable currencies.However, it is not without risks. Bitcoin’s price is highly volatile, it is sometimes used for illicit activities due to its anonymity, and it faces regulatory scrutiny in many countries.
Still, Bitcoin represents a major innovation in finance and technology, sparking a global movement toward decentralized digital assets.
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