Every May 22, the crypto industry remembers and celebrates a trade that sparked a financial revolution: 10,000 bitcoins (BTC) for two Papa John’s pizzas. That one trade, although trivial at the time, marked the first known real-world transaction using BTC.
Today marks Bitcoin Pizza Day’s 16th anniversary, and it’s a good time to assess how far the digital assets landscape has evolved. But before we get to measuring, let us recap the story of how a man spent thousands of coins, currently worth hundreds of millions of dollars, on two boxes of pizza.
Pizza Day’s 16th Anniversary
The year was 2010 when Floridian programmer and early BTC adopter Laszlo Hanyecz ordered two pizzas from Papa John’s to be delivered to his home. At the time, BTC was worth $0.0041, so the purchase cost Hanyecz $41; however, BTC hit $1 nine months after the transaction, increasing the cost to $10,000.
As it’s more than evident now, BTC did not stop there. Over the following years, the leading digital a
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