Today is Bitcoin (BTC) Pizza Day: The day this man bought a pizza for 10,000 BTC

For several years now, a kind of cryptocurrency holiday has been celebrated on May 22. This holiday is called “Bitcoin Pizza Day”. We will briefly explain the reason behind this name and the history of this interesting holiday in this article. In 2010, a very early bitcoin (BTC) user may have been the first person to use bitcoin to pay for a service or good. This is one Laszlo Hanyecz. Hanyecz had been a miner of bitcoin since the beginning and therefore had access to a large amount of bitcoins.

On May 22, 2010 the time had come. Hanyecz asked on an internet forum if he could order a pizza from someone. Not with money, but with bitcoins. 10,000 bitcoins to be exact. And so it happened. Another user of the Internet forum agreed to Hanyecz’s offer and ordered him two pizzas from the American pizza chain Papa John’s. Two pizzas for 10,000 bitcoins. However, these turned out not to be the last pizzas Hayezc bought with bitcoins. In total he would have ordered more than 100,000 bitcoins worth of pizzas.

Probably to Hanyecz’s dismay, these 10,000 bitcoins would have a market value of $ 350 million today. It’s this fact that makes Bitcoin Pizza Day every year on May 22. On the one hand, Hanyecz is celebrated with his order as the first documented purchase of a good or service with the cryptocurrency and on the other, bitcoin’s phenomenal growth is celebrated. By combining these two in a playful way, Bitcoin Pizza Day was created.

Bitcoin Pizza Day is also celebrated by a number of major pizza chains around the world. For example, Slice is giving away more than 2,500 pizzas and Papa John’s customers in the UK receive a £ 10 discount on their order. In short, Bitcoin Pizza Day is just a really fun way to celebrate that bitcoin has come this far and to remember where we started.

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