Revisiting Bitcoin Pizza Day

A while back we told you how Huobi Global is planning to celebrate Bitcoin Pizza Day on the 22nd of May, 2019. But if you are newbie in the crypto world or a relatively recent crypto enthusiast, you may be wondering what this day is. What is the Bitcoin Pizza Day? What is its significance? We have already discussed it before but let’s revisit it as it stands today.

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Bitcoin Pizza Day: A Brief History

Bitcoin Pizza Day is celebrated on 22nd May each year, in memory of an interesting incident. 9 years ago, on that date, Bitcoin was used to purchase something like ordinary like a pizza for the first time.

Laszlo Hanyecz, a software programmer and an early investor in Bitcoin, had posted on a popular Bitcoin discussion forum, bitcointalk.org that he would like to order pizza from Papa John’s and pay for it using 10,000 Bitcoins.

Even though Papa John did not directly accept that order, a fellow crypto enthusiast facilitated the trade. A teen called Jeremy Sturdivant decided to accept the 10,000 BTC and pay for the two pizzas out of his own pocket.

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Today, that amount of Bitcoin would be worth around 70 million US dollars and you could probably buy more than two pizza shops with that kind of money today.

In a recent interview, Hanyecz said that he did not regret having given away so many Bitcoins for something he could have eaten in a single afternoon. He could easily have become a millionaire today had he held on to his Bitcoins, at least till 2017. But, he does not seem to have any regrets. He said:

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big. I think that it’s great that I got to be part of the early history of Bitcoin in that way.”

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