Bitcoin Pizza Celebrates 13th Anniversary
Thirteen years ago, Laszlo Hanyecz, one of the earliest Bitcoin proponents, made history by purchasing two Papa John’s pizzas using BTC. This event, which is now known as Bitcoin Pizza Day, marked the first real-world implementation of the digital asset. At the time, Hanyecz paid 10,000 BTC, which was only worth around $41 for the two large pizzas. However, the value of the two pizzas has now skyrocketed to over $260 million at today’s prices, given the growth of Bitcoin over the years.
Bitcoin’s Evolution Over The Years
Since the Bitcoin Pizza was purchased, Bitcoin has evolved rapidly, going from a relatively unknown form of digital currency to becoming the leading cryptocurrency in the world. The digital asset has seen three different bull markets, and during this time, the price of BTC has gone from under $1 to over $69,000 at its peak. In the last decade, the cryptocurrency has become legal tender for multiple countries and a widely accepted method of payment online. However, only around 5% of the world’s population is projected to use Bitcoin presently, indicating that there is still a lot of room for growth for this digital asset.
Important Quotes:
“May 22 has become known as ‘Bitcoin Pizza Day’ but it is even more interesting given how BTC had grown over the years.”
“Even though BTC’s price is down significantly over the past year, the value of the two pizzas Laszlo purchased in 2010 is now over $260 million at today’s prices.”
Formatting and Credible Sources:
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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