May 22 is an notorious day for Bitcoin, it is the anniversary of the famous pizza transaction.
A chap from the US (Florida) bought two pizzas with Bitcoin. The day has become part of Bitcoin folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, at the recent highs in 2021, that is a staggering $650 million for the two pizzas.
On May 22, 2010, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas using a bitcointalk forum:
"I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. 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 where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!"
This offer was taken up by a guy in the UK and it is reported that he paid $25 for the pizzas to be delivered. The pizzas have gotten more and more expensive, reached parity with the U.S. dollar after nine months (making the two pizzas worth $10k) and in 2015 - the two pizzas were valued at $2.4 million. A few weeks ago, Bitcoin touched $65k, making the pizzas worth a staggering $650 million.
Hanyecz is reported to have said previously:
"It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,"
I wonder what he’ll have to say when we reach the laser eyes target?
The story behind “Bitcoin Pizza Day”
