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Education | Bitcoin

Bitcoin Pizza Day Explained

Author

Rickie Sanchez

Tags

Tags Editor's Choice / Slider Posts

Reading time

2 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice / Slider Posts

Reading time

2 mins
Last update

Author

Rickie Sanchez

Tags

Editor's Choice, Slider Posts

Reading time

2 mins
Last update


Bitcoin Pizza Day

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Key Takeaways

  • Bitcoin Pizza Day is a day to celebrate the first time someone used Bitcoin (BTC) to buy something in the real world.
  • Every year on May 22nd, people mark this historic event.
  • In 2010, a programmer named Laszlo Hanyeczhe decided to use Bitcoin to purchase two large pizzas for 10,000 BTC.

One of the coolest stories from Bitcoin’s 15-year history is the tale of the 10,000 BTC pizza.

Back in 2010, Bitcoin was far from the gigantic trillion-dollar cryptocurrency it currently is. It was worth basically nothing, and the early community’s biggest challenge was proving that it would be acceptable as a form of payment.

Laszlo Hanyecz

Enter Laszlo Hanyecz, an early Bitcoin supporter from Florida.

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Hungry for some pizzas, Laszlo wrote a thread on the legendary Bitcoin Forum and asked if anyone would buy him a couple of pizzas in exchange for 10,000 BTC.

At the time, those 10,000 Bitcoins were worth about $40 in total, so it was a pretty good trade, even for those days.

Of course, in 2024, that’s over $500 million worth of Bitcoins, so it sounds ridiculous that people were not immediately jumping at the chance.

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But it took Laszlo nearly three days to find someone willing to exchange a few pizzas for Bitcoins. And that person was a 19-year-old British student named Jeremy Sturdivant.

Bitcoin Pizza Day Celebration

14 years later, we celebrate Bitcoin Pizza Day as the first example of a commercial transaction using the world’s largest crypto. It is also a great excuse to enjoy delicious pizzas with friends and family.

Happy Bitcoin Pizza Day, everyone!