What a strange combination: bitcoin and pizza. However, a full day has been earmarked for each of these occasions. All this is done in recognition of the innovations that crypto has brought to the world.
Since their creation, cryptocurrencies have dominated the global virtual currency landscape, and now everyone is either mining this coin or looking to invest in crypto.
Investors and entrepreneurs have been looking for an opportunity to trade in cryptocurrencies ever since the first crypto trading went viral.
Reading Tips | MicroStrategy stock rises 10% as CEO Saylor predicts BTC will ‘go into the millions’
Pizza: The First Physical Item Bought Using Bitcoin
Previously, crypto was not accepted as a form of payment, but after a Florida man paid for his food with bitcoin, it was a topic everyone could talk about.
Bitcoin Pizza Day commemorates the day in 2010, when Laszlo Heinz, a Florida programmer and BTC miner, used crypto to buy two pizzas from Papa John’s. It happens every year on 22 May. It is the first physical item purchased with the first decentralized digital currency.
This is how the pizzas looked like at the time they were ordered in 2010 (Bitcoin Magazine).
10,000 BTC Paid For Pizza Today Is Worth $300 Million
Hanyecz paid 10,000 BTC for their famous pizza purchase. At that time the quantity was about $41. The value of crypto has grown exponentially over time. Currently, the value of 10,000 BTC is close to $300 million.
Obviously, the value of these same bitcoins increased significantly in the following decade. In fact, if Hanyez had sold his entire hoard of bitcoin to the reportedly all-time high of $68,990, he would have made about $690 million — enough to buy 46 million large Papa John’s pizzas for $15 each.
Hanyecz told Anderson Cooper in a 2019 interview with CBS that the purchase was “made”. [bitcoin] Real for some people. In fact, it did for me. ,
Pizza order hits headlines
Due to the price of bitcoin, the Haniyes story went global in the United States, with The Wall Street Journal, ABC News, Slate and TechCrunch joining TechCrunch and Slate in popularizing the transaction.
On the same anniversary of the first bitcoin pizza order, the celebration continues which has become a staple of crypto culture.
BTC total market cap at $557 billion on the weekend chart | Source: TradingView.com
It’s a celebration!
PizzaDAO, the decentralized blockchain project that aims to connect pizza lovers around the world to the technological possibilities of Web3, is celebrating Bitcoin Pizza Day in traditional fashion on Sunday.
The group will hold commemorative events at 100 pizza outlets in more than 75 countries, including Argentina, Australia, Canada, the UK, South Korea and the United States, to name a few.
Bitcoin Pizza Day will also be celebrated with a special Primebox deal by Huobi Global, one of the world’s largest digital asset exchanges.
From May 19th to May 29th, users can participate in the Primebox promotion of the special occasion for a chance to win a portion of the 50 BTC prize pool and other NFT prizes.
numbers are increasing
Meanwhile, over 15,000 establishments around the world already accept cryptocurrencies as a form of payment.
Movies, clothing, basketball tickets, airline packages, hotel bookings and video games are among the items that can be purchased using cryptocurrencies.
Reading Tips | UnicornDAO rallies for women and LGBTQ artists; raises $4.5 million
Featured image from Reddit, chart from TradingView.com
