Bitcoin Pizza Day has now grown to become a symbolic day for the entire cryptocurrency space and is celebrated with several events every year.
Bitcoin Pizza Day has been one of the most celebrated days in the crypto community all around the globe. The highly acclaimed event in the crypto space signifies the inaugural documentation of the use of Bitcoin as a legally accepted form of payment for goods and services.
Bitcoin Pizza Day was born on May 22, 2010, and commemorates the first documented real-world transaction using Bitcoin as a form of payment.
Bitcoin, after making its debut on the financial scene, was dubbed a groundbreaking innovation. Its idea of being a decentralized digital currency that could enable people to make seamless transactions without any interference from a third party such as the government or financial institutions was revolutionary and something that had been long yearned for by many.
However, despite the enormous potential of the technology, mainstream adoption was still a problem, as some did not feel safe ditching the old traditional ways of making payments without knowing for sure what the digital coin would bring.
Stating that the May 22, 2010 event, propelled the digital coin to the pedigree it is today would be a bit far-fetched but it did play its part in demonstrating that Bitcoin could be used as a trusted currency for day-to-day transactions.
Trip Down Memory Lane
Laszlo Hanyecz, a computer programmer from Jacksonville, Florida, is the man at the center of one of the most important days in Bitcoin’s journey. Hanyecz kicked off what would later become one of the most precious moments for digital currencies after he purchased two large-sized pizzas from Papa John’s for 10,000 BTC, which amounted to $41 at the time.
The Florida native initially made the intriguing proposal in a Bitcoin forum on May 18, 2010, offering 10,000 BTC to anyone who could assist in placing his order and sending it to him. The catch, however, was that the crypto payments had to be made available.
“I’ll pay 10,000 bitcoins for a couple of pizzas. Like maybe two large ones, so I have some leftovers for the next day. I like having leftover pizza to nibble on later. If you’re interested, please let me know and we can work out a deal,” he stated.
Hanyecz’s offer stood for some days as it was initially met with a lot of criticism, with some claiming he was just trying to get a free meal and would be better off selling it for $41 as it was “quite a lot.”
However, a 19-year-old named Jeremy Sturdivant accepted Hanyecz’s offer, and in exchange for the 10,000 bitcoins, he bought the two pizzas for him, starting what has become the famous Bitcoin Pizza Day. Nine months after the purchase, the price of Bitcoin matched that of the dollar.
Bitcoin Pizza Day has now grown to become a symbolic day for the entire cryptocurrency space and is celebrated with several events every year. This year’s celebration will not be any different, with many companies staging events with rewards for their customers.
Binance, arguably the world’s biggest crypto trading platform, is offering free pizzas, Binance merchandise, giveaways, and much more. Bitget is also hosting a Bitcoin Pizza Day treat, promising lots of rewards for customers. Bitrefill and Gate.io are also firms participating in the Bitcoin Pizza Day celebration.
