Here Is Why Bitcoin Pizza Day Is Such a Big Deal

On May 22, people from all over the world celebrated annual Bitcoin Pizza Day, which marked the 9th anniversary of the first-ever recorded transaction using Bitcoin (BTC) to make a purchase, which was for two large pizzas.

The early crypto adopter spent 10,000 BTC on two pizzas, which at the time amounted to $41. With today’s BTC/USD exchange rate, those two pizzas would have cost around $80 million!

The Importance of Bitcoin Pizza Day

Bitcoin Pizza day is celebrated by crypto enthusiasts around the world because it was the first time Bitcoin was used to purchase something. This was done at a time when cryptocurrency wasn’t accepted anywhere.

The purchase was made by a Florida man named Laszlo Hanyecz, who coordinated with some people in the small Bitcoin community through the BitcoinTalk forum to make this purchase possible.

In this forum, Hanyecz also corresponded with Bitcoin’s creator Satoshi Nakamoto and helped support the early development of Bitcoin.

Therefore, May 22 is of great significance as it not only marks the first ever Bitcoin transaction for a purchase, but it also reminds us of Bitcoin’s early days and allows people to reflect and see how far we’ve come.

Social Media Celebrations

A number of crypto companies celebrated Bitcoin Pizza Day by purchasing and eating pizzas in remembrance of the first ever purchase with Bitcoin.

See below a series of tweets from companies in the crypto space and how they celebrated:

Did you celebrate Bitcoin Pizza day? Have you purchased anything with Bitcoin before? Let us know in the comment section below.

1 Comment

  • Paulewis
    Posted May 25, 2019 5:47 pm 0Likes

    Hahaha. I wonder how the guy will be feeling now, he will be like was regret in his whole life. Never be too quick to as down an opportunity, the main plus in cryptocurrencies or blockchain technology has a whole is patience and knowing the right coin to hodl, some altcoins like privacy coins like monero and veil are good holding gems apart from bitcoin

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