What is Bitcoin Pizza Day? This day marks the first time Bitcoin was used to buy something in the real world. On May 22, 2010, a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas. Those 10,000 Bitcoins would now be worth over $572,400,000 as of the time of this writing (current Bitcoin price is around $57,240). A question for you: if this was you, would you HODL your Bitcoin or buy pizza? Keep reading to learn the history of Bitcoin Pizza Day and how it’s celebrated.
History of Bitcoin Pizza Day & does it affect Bitcoin price?
Bitcoin Pizza Day celebrates May 22, 2010, when Laszlo Hanyecz made the first real-world purchase with Bitcoin. He paid 10,000 BTC for two pizzas from a local pizzeria, which at the time was worth about $41, had he HODL those 10,000 Bitcoins, they would now be worth over $572,400,000 as at the time of this writing. This transaction is famous because it showed that Bitcoin could be used as a form of payment. Each year, on May 22, the crypto community remembers this event, often by buying pizza or sharing stories about Bitcoin’s growth.
How does Bitcoin Pizza Day affect Bitcoin price?
While Bitcoin Pizza Day itself doesn’t directly affect Bitcoin's price, it highlights how far Bitcoin has come. Over the years, Bitcoin has grown from a little-known digital asset to a significant investment. Annually, the celebration reminds investors and enthusiasts of Bitcoin’s journey and potential future value. While this day might bring some media attention, it does not have a significant, direct impact on Bitcoin’s price. The price is more influenced by market trends, news, and technological developments.
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How much was one Bitcoin worth on Bitcoin Pizza Day?
At that time, on May 22, 2010, 10,000 BTC was worth approximately $41. Back in 2010, Bitcoin was still in its early stages and not widely known or used. Since then, the price of Bitcoin has skyrocketed and is now trading at around $57240 as of the time of this writing.
When is Bitcoin Pizza Day celebrated?
Bitcoin Pizza Day is celebrated on May 22nd each year. This special day commemorates the first real-world transaction using Bitcoin, which took place on May 22, 2010, when the programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC.
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Why is May 22nd significant?
May 22nd marks the anniversary of this historic event, making it a day for Bitcoin enthusiasts to reflect on Bitcoin’s growth from a novelty digital asset to a significant global financial instrument. It serves as a reminder of Bitcoin’s humble beginnings and its incredible journey over the years.
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