Bitcoin Pizza Day and the rise of crypto commerce
pizzas for millions of dollars. Sounds crazy, right? But that’s exactly what happened on May 22, 2010, a day now celebrated as Bitcoin Pizza Day. This day marks the first time Bitcoin was used to buy something in the real world, a transaction that has become legendary in the world of cryptocurrency.
The Pizza That Started It All
Back in 2010, Bitcoin was a new and experimental digital currency, worth just a fraction of a cent. Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by paying 10,000 Bitcoins for two Papa John's pizzas. At the time, this was about $41. Today, those 10,000 Bitcoins are worth hundreds of millions of dollars, making it the most expensive pizza purchase ever.
While it’s fun to think about the current value of those Bitcoins, Bitcoin Pizza Day is significant for another reason. It showed that Bitcoin could be used as a real currency, not just a digital novelty. This simple transaction helped pave the way for the rise of crypto commerce.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»The Evolution of Crypto Commerce
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