Before 2010, buying something with digital currency was a dream. On May 22, 2010, the first real transaction with Bitcoin was made. The day was considered one of the most memorable days in Bitcoin history.
Let’s take a look at the complete story of Bitcoin Pizza Day.
The pizza story
Before knowing the full story of Bitcoin Pizza Day, it is important to understand Bitcoin in depth.
Bitcoin (BTC), the first and oldest cryptocurrency, was introduced to the world in 2008 by Satoshi Nakamoto, a computer programmer. The digital asset is considered one of the largest and most powerful cryptocurrencies around. One of the main reasons for adopting digital assets is to introduce a peer-to-peer payment method.
In 2008, Bitcoin was worth $0 and reached $0.0009 in 2009. With each passing day, the currency continued to develop and in 2010 it reached a value of 0.30 US dollars, the last price was 29,410.05 US dollars. One of the main reasons for the introduction is to offer a cash system that does not rely on banks or third parties to carry out electronic transactions.
The chronology of events
On May 22, 2010, Bitcoin was used for a transaction for the first time. Laszlo Hanyecz bought two large pizzas with Bitcoin. Laszlo Hanyecz was a programmer from Florida and also a Bitcoin miner.
On May 18, 2010, Laszlo announced that he wanted to buy pizza with BTC. He was willing to offer 10,000 BTC in exchange for BTC to anyone who offered large pizza.
On May 22, he received a call from someone willing to accept the offer.
Laszlo Hanyecz celebrated the victory by announcing it on a forum called Bitcointalk.org.
“I just traded 10,000 BTC for pizza made by Papa John and received by a 19-year-old named Jeremy Sturdivant,” Laszlo announced.
The price of BTC was around $68,990 at the time of the deal and at the end of 2010, the value of BTC was around $0.80. Nine months later, the pizza was valued at $10,000, while the value reached $2.4 million in 2015. This all happened due to the rapid growth of Bitcoin’s value and popularity over time.
However, Bitcoin Pizza Day not only made the coin successful worldwide, but also explained the possibilities for the introduction of more than 19,000 different cryptocurrencies.
Current statistics of Bitcoin
BTC’s current price is $25,753.31 with a market cap of $502 billion, down 0.12% in the last 24 hours. The current volume is $18 billion, up 113.61% with a circulating supply of 19,483,162.
In particular, the corresponding digital assets can be purchased on crypto exchanges such as Bybit, Cointr Pro, Deepcoin, OKX, etc.
Diploma
Bitcoin Pizza Day is one of the most notable days in Bitcoin history. The first real transaction with BTC was made on May 22, 2010 by Laszlo Hanyecz. Laszlo spent around 10,000 Bitcoins to buy two large pizzas.
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