Bitcoin Community Celebrates 16th Anniversary of Pizza Day
- On May 22, the Bitcoin community marked the anniversary of “Pizza Day,” celebrating the first commercial transaction using Bitcoin.
- In May 2010, Laszlo Hanyecz exchanged 10,000 BTC for two pizzas, valued at approximately $41 at that time.
- Today, those same bitcoins are worth over $767 million, and peaked at about $1.2 billion in October.
- Nischal Shetty from WazirX highlighted this event as a pivotal moment that showcased Bitcoin’s potential for real-world commerce.
- At the time of the transaction, only a few hundred transactions occurred daily on the Bitcoin network with minimal infrastructure.
The celebration underscores how far Bitcoin has come since its early days, transitioning from an experimental digital asset to a recognized medium of exchange in commerce.
As of now, those initial pizzas purchased for just $41 would be worth over $767 million in Bitcoin today.(Source)
