What is Bitcoin BTC -1 5% Pizza Day?

I write about crypto & fintech projects and their impact in the world. Bitcoin BTC -1.5% Pizza Day marks the day that Laszlo Hanyecz made the first recorded purchase of a physical good using Bitcoin. He spent 10,000 Bitcoin to purchase two Papa John’s pizzas on May 22, 2010.

Who was the first person to use Bitcoin in a commercial transaction?

Hanyecz is known as the first person to use bitcoin in a commercial transaction. On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 BTC. The day is now known as "Bitcoin Pizza Day." With one bitcoin now worth $9,500, this is apparently a joke and Hanyecz's $45 million pizzas are the punchline.

How much is a bitcoin pizza worth?

Nine months after the purchase, Bitcoin reached parity with the U.S. dollar, making the two pizzas worth $10,000 and in 2015—the fifth anniversary of Bitcoin Pizza Day—the two pizzas were valued at $2.4 million. Today, Bitcoin is at just over $8,200, making the pizzas worth ... you get it.

Who bought Papa John's pizza using bitcoin?

Laszlo Hanyecz in 2010 bought two Papa John’s pizzas using 10,000 bitcoin, in what became known as the first widely known bitcoin transaction. This feature is powered by text-to-speech technology. Want to see it on more articles? It is Bitcoin Pizza Day again, which lands on May 22 every year.