Crypto Community Commemorates Bitcoin Pizza Day

On May 22, 2010, a Florida-based early crypto supporter named Laszlo Hanyecz spent 10,000 BTC on two pizzas, marking the first reported purchase using Bitcoin. At the time, the coin was not accepted anywhere, so he sought support via the BitcoinTalk forum. 

Hanyecz corresponded with Satoshi Nakamoto and contributed to the crypto’s early development. He used the community to find someone who would allow having two Papa John’s pizzas delivered for 10,000 BTC. He wrote:

“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.”

The two pizzas worth $25 cost him 10,000 BTC, approximately $41 at the time. Bitcoin price has since grown exponentially and become a broadly recognized name in the FinTech industry. It sparked the establishment of a whole industry of competition digital currencies, all vying for the top spot of Bitcoin.

On its nine-year anniversary, the crypto community is celebrating to acknowledge the monumental event which may have set Bitcoin on its path to success about nine years ago.

Respect is being paid to Hanyecz throughout the cryptocurrency community. Without his contribution to early Bitcoin utilization and development, the coin may never have been considered the means of transferring value it is now.

On Twitter, Binance shared photos of two pizzas with its logo.

Tron founder Justin Sun offers a way for Tron supporters to create their Tron “pizza,” and users can receive incentives for their creativity.

Bithumb also posted an image of a scale showing a “nice car” and pizza to compare what Bitcoin could purchase then and now.

To celebrate Pizza Day, HuobiGlobal offers 50% off Bitcoin but has several conditions.

Regular crypto traders and investors are also expressing their appreciation for the historic cryptocurrency event.