Bitcoin Pizza Day commemorates the first commercial Bitcoin transaction, when Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas on May 22, 2010. At the time, this amount was worth approximately $41.

On that day, Hanyecz posted on the Bitcoin Talk forum requesting someone to deliver two large pizzas in exchange for bitcoins. A British user accepted the offer, paying roughly $25 for the pizzas and receiving 10,000 BTC in return.

This transaction has become legendary in cryptocurrency history, as the value of those bitcoins grew exponentially over the years:

• In 2011: Worth $10,000 (Bitcoin reached parity with USD)
• In 2015: Worth $2.4 million
• In 2024: Worth over $691 million (with Bitcoin at $69,181)

Hanyecz remains positive about the transaction, stating, "It wasn't like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool."

Key Facts:

• Date: May 22, 2010
• Amount paid: 10,000 BTC
• Original value: $41
• Item purchased: Two Papa John's pizzas
• Significance: First real-world Bitcoin transaction

This historic transaction demonstrates Bitcoin's remarkable journey from a nascent digital currency to a significant financial asset. However, it's important to note that Bitcoin remains highly volatile, with prices fluctuating significantly, requiring careful consideration before investment.

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