Today it is eight years since someone bought pizza for 10,000 bitcoins

Today it is eight years since someone bought pizza for 10,000 bitcoins.

Image source: Shutterstock / Coinmarketcap

Christian Ploog

christian.ploog@trijo.co

Today, May 22, is "Bitcoin pizza day". The reason is that this was the date when the world's first purchase of a product with bitcoin was made.

The episode when Bitcointalk user and programmer in Florida Laszlo Hanyecz bought pizza for 10,000 bitcoins has become quite famous in the crypto world. Today – on May 22, 2018 – it’s exactly eight years since it happened.

It was a historic moment because it has come to be described as the first occasion when someone actually bought a product in the real world with bitcoin.

Paid 10,000 bitcoins

It started with Laszlo writing a post on the Bitcointalk forum in which he wrote that he was prepared to pay 10,000 bitcoins if someone fixed so that he got one or two pizzas delivered to him.

A few days later, on May 22, 2010, he confirmed that he managed to make the exchange with another user on the forum.

Laszlo Hanyecz managed to buy pizza for 10,000 bitcoins back in 2010.

Image source: Bitcointalk.org

“It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big”, Laszlo Hanyecz said in a 2013 interview with The New York Times.

“No one knew it was going to get so big”

According to Bitcoin Wiki, the 10,000 bitcoins were at that moment worth about 41 dollars, even though this has obviously changed since then.

In fact, when the bitcoin price reached its highest level in December 2017, up to $20,000, 10,000 bitcoins were worth nearly $200,000,000.

Today, the same number of bitcoins is worth just over $82,000,000.

What the value of the two pizzas from 2010 will be in the future remains to be seen. However, it appears that “Bitcoin pizza day” continues to be celebrated every year on May 22nd.

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