- Hanyecz shelled out 10,000 BTC for the purchase of a famous pizza.
- The current value of 10,000 BTC is around $300 million.
Bitcoin with pizza? That’s an odd mix, to say the least. Despite this, each event has been given a whole day to commemorate. All of this is being done to honor the world-changing advancements that crypto has brought forth. As a result of their widespread use, cryptocurrencies have taken over as the dominant form of digital money globally.
Happy Bitcoin Pizza Day
Since the first crypto transaction went viral, investors and entrepreneurs have been seeking a way to invest in cryptocurrencies. Since a Florida guy paid with bitcoins for his dinner, cryptos weren’t accepted as a payment method.
For the first time, Bitcoin Pizza Day honors the day in 2010 when a Florida-based BTC miner purchased two Papa John’s pizzas using Bitcoin. Every year on May 22, it takes place. A tangible item has been bought using decentralized digital money for the first time. Hanyecz shelled out 10,000 BTC for the purchase of a famous pizza. At the time, this amount was worth around $41. The cryptocurrency’s value has risen quickly in the last several years. The current value of 10,000 BTC is around $300 million.
After a decade, it is clear that the value of these identical bitcoins went increased dramatically. In reality, Hanyecz could have bought 46 million large Papa John’s pizzas for $15 apiece if he had sold his whole stash at bitcoin’s all-time high of $68,990. Every year on May 22, Bitcoin enthusiasts worldwide gather to purchase pizza and eat it together and celebrate it as Bitcoin Pizza Day. Celebrations are going on for the first Bitcoin pizza order on the same day as this year’s anniversary.