One fine day, on May 22, 2010, a man from Florida paid 10,000 Bitcoins in exchange for two large Papa John’s pizzas. Who would have guessed that the amount paid for those pizzas would be worth $76 million today!
The man who goes by the name of Laszlo Hanyecz was an early supporter of crypto. On a normal day, he posted on a popular Bitcoin forum that he would pay 10,000 BTC to whoever can provide him two large pizzas. One BTC was worth 0.004 cents at that time and his order amounted to around $40.
May 18, 2010, 12:35:20 AM
I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some leftover for the next day […] You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins […]
A user named “jercos” took the challenge and looked for a way to order online. At last, he was able to place an order for two large Papa John’s pizzas delivered to Hanyecz’s house in Florida. Hanyecz and jercos talked it out over internet relay chat. And finally, after 4 days of this quest, jercos received the 10,000 BTC payment to his wallet.
This exciting event marked the legendary “Bitcoin Pizza Day.” It is annually celebrated by the crypto world to commemorate the first-ever Bitcoin payment for a commercial product in the history of cryptocurrency. The Papa John’s branch at Atlantic Boulevard on Jacksonville, Florida even has a plaque on the wall that proudly says “Home of the First Bitcoin Purchase.”
Ten years later, the Bitcoin price skyrocketed, pricing the “Bitcoin Pizzas” at about $76 million today!
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