Bitcoin Pizza Day Celebrates 15 Years Since First Real-World Transaction
Today marks the 15th anniversary of Bitcoin Pizza Day, commemorating the first real-world purchase using Bitcoin. On May 22, 2010, programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC, valued at approximately $41 at the time. Today, this amount is worth over $1.1 billion.
The First-ever Real-World Bitcoin Transaction
Hanyecz, an early Bitcoin adopter, completed the transaction through a forum post. His purchase marked Bitcoin's transition from experimental code to a usable currency. At that time, Bitcoin had no formal value and was primarily discussed in tech circles.
Hanyecz stated he has no regrets about his historic transaction, despite missing out on substantial wealth as Bitcoin gained value over the years. The event illustrated Bitcoin's potential for real-world use.
Current trends show increasing institutional adoption of Bitcoin. Notably, Strategy acquired 7,390 BTC for $764 million, raising its total holdings to 576,230 BTC. Additionally, Top Win International rebranded to AsiaStrategy, embracing Bitcoin as a treasury asset alongside other firms in Asia.
Bitcoin Pizza Day Sets the Stage for a New Record
On this anniversary, Bitcoin reached a high of $111,800 before correcting slightly, trading at $110,497.18, up by 3.86%. This milestone signifies the evolution of Bitcoin into a widely accepted digital asset.
Bitcoin's current market status allows it to purchase significantly more than just pizzas. In some jurisdictions, it is recognized as legal tender. While Hanyecz’s original transaction is often viewed as a missed opportunity, it symbolizes Bitcoin's progress and acceptance.
Bitcoin Pizza Day remains a pivotal moment in cryptocurrency history, showcasing its journey from niche idea to one of the world's most valuable assets, surpassing traditional assets like silver and major companies like Amazon.