Bitcoin Pizza Day: How 10,000 BTC Bought Two Pizzas and Made History

• Crypto enthusiasts celebrate 15 years of the “Bitcoin Pizza Day.”
• Bitcoin continues to lead the crypto market as it skyrockets to over $111,000.

The crypto market is filled with excitement as blockchain users celebrate the fifteenth anniversary of Bitcoin Pizza Day. Laszlo Hanyecz created history on May 22, 2010, by making the first Bitcoin purchase. 

Bitcoin Pizza Day Marks 15 Years

Previously, we explored that Hanyecz paid 10,000 Bitcoin (BTC) for two large Papa John’s pizzas to quench his craving. Many saw his action as an innovative deal that proved the value of Bitcoin. 

Hanyecz, a Florida-based programmer, placed the pizza order on a Bitcoin forum using his credit card. At the time, the 10,000 BTC was valued at only about $40 per coin. A fellow forum user accepted the offer and had the two pizzas delivered to Hanyecz’s doorstep. 

The Bitcoin-pizza deal, which seemed like a simple food trade, quickly became a historic moment. Bitcoin soon climbed the CoinMarketCap hierarchy to trade as the leading cryptocurrency. Notably, the $10,000 BTC is now worth over $1.07 billion at the current market price.

However, Hanyecz was not focused on making profits. He just wanted to support the crypto community and prove a point that Bitcoin could work as money. 

Bitcoin Pizza Day has since become a fun, annual tradition. Every year, crypto fans around the world celebrate on May 22 with fun posts of pizza memes as they reflect on the growth of the crypto industry. Crypto has transitioned from an obscure internet experiment to a multi-trillion-dollar global market.

Beyond pizzas, Bitcoin has gained acceptance as a payment method for other goods and services. As reviewed in our recent publication, Steak ’n Shake, a prominent American fast food chain, has begun accepting Bitcoin for payment. In 2018,  KFC Canada ran a BTC bucket campaign, allowing customers to purchase a meal using BTC during the promotional window.

In the UK, Lomond School has become the first school to accept Bitcoin as payment for tuition fees.

Bitcoin Hits New ATH at Over $111,000

As the crypto market celebrates the fifteenth anniversary of Bitcoin Pizza Day, the flagship coin hit a new All-Time High of $111,000. BTC is priced at $111,072 at press time, up 4.03% in the past 24 hours. Within the same period, the trading volume increased by 64.5% to $93.8 billion.

As featured in our recent coverage, Bitcoin open interest on Binance surged from $7.5 billion to $11.2 billion. This outstanding increase in futures and options volume reflects rising trader confidence and market engagement.

Rising investor interest in Bitcoin and the latest rally have fueled expectations of more bullish outcomes. In January, market analyst Lark Davis, citing positive indicators, forecasted that BTC could hit $300,000 this year.