Bitcoin Pizza Day, celebrated on May 22, is a significant event in the cryptocurrency world. It marks the first use of Bitcoin to buy tangible goods. And what was first item ever bought with Bitcoin? Pizza.
On May 22, 2010, programmer Laszlo Hanyecz made history by spending 10,000 Bitcoins to have two large Papa John’s pizzas delivered to his door. This landmark transaction has become a legendary story in the crypto community, celebrated annually as Bitcoin Pizza Day.
Nine months after the famous pizza purchase, the value of those 10,000 Bitcoins had already increased to $10,000. By 2015, the two pizzas would have been worth an astonishing $2.4 million. By 2021, when Bitcoin reached its all-time high of $63,000 per Bitcoin, the value of the pizzas would have soared to an incredible $630 million. It’s no surprise that Hanyecz’s purchase is often called the most expensive pizza order in history.
