Bitcoin Pizza Day: The First Real-World Transaction in Bitcoin
On May 22, 2010, a programmer named Laszlo Hanyecz made history by using Bitcoin to buy two pizzas, marking the first known real-world transaction using the cryptocurrency. He paid 10,000 bitcoins, which at the time was worth about $41 USD. Today, that amount of bitcoin would be worth millions, making this a legendary moment in Bitcoin’s history.
Known as "Bitcoin Pizza Day," this event proved that Bitcoin could be used as a medium of exchange and paved the way for its acceptance in broader markets. Bitcoin Pizza Day is celebrated every year by the crypto community as a reminder of Bitcoin’s journey from being worth pennies to becoming a globally recognized asset.
Fun Fact: Laszlo Hanyecz didn’t stop with just one pizza transaction. He continued using Bitcoin for pizzas throughout 2010, believing that Bitcoin’s true value lay in its use as a real currency, even though he could not have predicted its future value.
Posted on November 9, 2024