The community celebrated the anniversary of Bitcoin Pizza Day
Date: 2024-05-22 Author: Oliver Abernathy Categories: IN WORLD
May 22 marks the 14th anniversary of Bitcoin Pizza Day, a significant date in cryptocurrency history when Florida programmer Laszlo Heinitz bought two pizzas for 10,000 Bitcoin (BTC) in 2010. Today this amount is equivalent to almost $700 million at current exchange rates.
First transaction
This purchase was not only the first significant transaction for bitcoins, but also a symbol of the beginning of the use of cryptocurrencies in the real economy. In 2010, Bitcoin was still little known and had virtually no real value. Laszlo transferred 10,000 BTC to a user of the Bitcointalk forum, who agreed to order him two pizzas for delivery, which at that time cost $41.
Economic paradox
At the time of writing, Bitcoin is trading around $69,720 per BTC, according to TradingView data. This means that the two pizzas Heinitz bought would be worth $697.2 million today, highlighting the cryptocurrency's enormous rise in value over the years.
Historical reference
For a long time, Heinitz's purchase was considered the first purchase of goods for bitcoins. However, it later turned out that another member of the Bitcoin community under the pseudonym Sabunir sold computer wallpaper for 500 BTC a few months before this transaction.
Anniversary celebration
The cryptocurrency community celebrates Bitcoin Pizza Day in different ways. For example, in 2023, an investor from Romania bought 10,000 anniversary pizzas to celebrate an important moment in cryptocurrency history. The CoinEx exchange also held a promotion called “One Piece of Bitcoin” dedicated to this event.
Bitcoin Pizza Day was an important milestone in the history of cryptocurrencies, showing how far technology and society's perception of it have come. This day commemorates Bitcoin's humble beginnings and its meteoric rise, inspiring new entrants into the cryptocurrency world.
