The 10,000 Bitcoin pizza is a famous event in the history of cryptocurrency, considered the first time Bitcoin was used to buy actual goods. This event has become an important milestone and is commemorated annually in the cryptocurrency community as “Bitcoin Pizza Day”.
The birth of Bitcoin Pizza Day
Date of occurrence: May 22, 2010
Person who made the transaction: Laszlo Hanyecz, a programmer and Bitcoin enthusiast in Jacksonville, Florida, USA.
At that time, Bitcoin was a new technology and not yet widely accepted. The value of Bitcoin is very low, and the cryptocurrency community mainly consists of enthusiasts and developers.
Laszlo Hanyecz posted a post on the Bitcointalk forum, offering to pay 10,000 Bitcoin to someone who could buy and deliver two pizzas to him. This was an experiment to see if Bitcoin could be used as a real currency.
Finally, a user named Jeremy Sturdivant (also known as “jercos” on the forum) accepted the offer. Jeremy ordered two pizzas from Papa John's and had them delivered to Laszlo's house. And as agreed, Laszlo transferred 10,000 Bitcoin to Jeremy in exchange for two pizzas.
The most expensive pizza in history
In May 2010, 10,000 Bitcoins were only worth about 41 US dollars. However, the value of Bitcoin has increased significantly since then. As of 2024, with the value of one Bitcoin around 70,000 US dollars, 10,000 Bitcoins are equivalent to 700 million US dollars.
To remember the moment Bitcoin was first traded, the user community named this day Bitcoin Pizza Day. The event will be held every May 22 as a reminder of an important milestone in history.
Laszlo Hanyecz's purchase of two pizzas for 10,000 Bitcoin was not only an exciting event but also an important historical milestone in the development of cryptocurrency. It demonstrated Bitcoin's practical capabilities as a currency and created a memorable legacy in the cryptocurrency community.
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