One of the most important days in the Bitcoin ecosystem is the so-called Bitcoin Pizza Day. This day remembers the first registered transaction using Bitcoin (BTC). Now, the Bitcoin community continues to remember this day as it marks a very important milestone for Bitcoin to become what it is today.
Bitcoin Pizza Day: When 10,000 BTC Will Now Be Worth $300 Million
The whole Bitcoin community is remembering this milestone for the Bitcoin network when Laszlo Hanyecz decided to buy two pizzas using 10,000 BTC in 2010. This programmer decided to be the first person to register a transaction using BTC. Therefore, he purchased two pizzas from Domino’s.
“I’ll pay 10,000 bitcoins for a couple of pizzas.. Like maybe 2 large ones so I have some left over for the next day,” wrote Laszlo Hanyecz on Bitcoin Talk on May 18, 2010. “What I’m aiming for is getting food delivered in exchange for Bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!”
The Pizza Index showed that Laszlo paid $41 for two pizzas on May 22, 2010, 12 years ago. Nowadays, these two pizzas would be worth close to $300 million with Bitcoin being traded at close to $30,000. In some places, and according to Wikipedia, to commemorate the transaction, several pizza providers that are aware of Bitcoin and this day offer discounted pizza to Bitcoin users.
As we mentioned before, the whole community is celebrating this day. Many Bitcoin users buy pizza and some of them might even pay using Bitcoin. For example, Crypto.com, one of the largest exchanges in the cryptocurrency market, shared the following tweet.
Happy #bitcoinpizzaday 🍕
10.000BTC in 2010: 2 pizzas
10.000BTC in 2022: more pizzas than you could ever eat. pic.twitter.com/vQYPigoTk6
— Crypto.com (@cryptocom) May 22, 2022
Changpeng Zhao, the CEO and founder of Binance, has also shared a tweet referring to this day.
Nowadays, with 10,000 BTC it would be possible to buy 150 Cirrus Vision private jets or 56 luxury yachts. There are definitely many things that you can do with 10,000 BTC nowadays. Indeed, they represent more than 0.04% of the total Bitcoin supply, therefore, they are very valuable today, considering that companies and large investors purchase Bitcoin almost on a daily basis.
Bitcoin experienced a massive expansion in recent years and its price skyrocketed to $69,000 in 2021. This was something that pushed a large number of investors and companies to enter the market. Nowadays, Tesla, MicroStrategy and MassMutual have added Bitcoin to their balance sheets. Therefore, we see that the adoption of Bitcoin continues to grow and expand all over the world.
The Bitcoin Pizza Day and the first purchase of goods using Bitcoin represents a very important day for the whole BTC community around the world.