Thursday, November 30, 2023
  • The Bitcoin Pizza Day celebrates the first-ever Bitcoin transaction anniversary on May 22 every year.
  • The first BTC transaction was made by Laszlo Hanyecz in 2010 in Florida, United States of America, on May 22 2010
  • Laszlo bought two pizzas at a local restaurant for 10,000 BTC, which had a value of $41 at that time.

The crypto community recently celebrated Bitcoin Pizza Day 2023, commemorating the groundbreaking moment when Bitcoin was exchanged for tangible goods. This historical event occurred on May 22, 2010, when Laszlo Hanyecz made the world’s first documented BTC purchase. He traded 10,000 BTC, which was $41 at that time. He bought two pizzas from a local restaurant in Florida. Over the years, this milestone has evolved into an annual celebration within the cryptocurrency space. It allows community members to reflect on the tremendous progress made by the industry since that significant transaction.

As in previous years, cryptocurrency enthusiasts marked the occasion by indulging in pizza. Bitcoiners in Bali, Indonesia, share delightful photos of themselves enjoying this beloved food. Furthermore, crypto exchanges also joined in the pizza-eating fun, with Binance, a prominent crypto exchange. They served pizza in Naples, Italy. Moreover, OKX, a popular trading platform, shared a snapshot of its employees’ lunch as they prepared for the festive day.

READ: Exploring paths to retrieve stolen Bitcoin from cryptocurrency scams

Amidst the pizza-centric festivities, some individuals took the opportunity to express their gratitude towards Jeremy Sturdivant. Jeremy was the recipient of the now-famous transaction. A Bitcoin enthusiast even hailed Sturdivant as the “true hero” in this remarkable story.

On Reddit, community members expressed their curiosity about what became of the 10,000 BTC used to purchase the pizzas. Speculations emerged, with some suggesting that Sturdivant may have sold the coins. They suggested he might have sold when their value multiplied by five or even ten times. Furthermore, others contemplated the possibility that he may have lost access to the cryptographic keys necessary to retrieve the Bitcoin.

As of now, the value of the 10,000 BTC used in the pizza transaction has skyrocketed to approximately $268 million.

While the Bitcoin pizza transaction is widely recognized as the first-ever exchange of Bitcoin for physical goods, some speculate that there may have been a preceding sale of historical significance. On May 14, Crypto Twitter was abuzz with discussions surrounding the potential sale of an image in exchange for 500 BTC. It allegedly took place months before the pizza purchase. Notably, the enigmatic creator of Bitcoin, Satoshi Nakamoto, was purportedly involved in this intriguing transaction. This fuelled further speculation and interest among cryptocurrency enthusiasts.

Overall, Bitcoin Pizza Day serves as a moment of celebration and reflection within the crypto community, symbolizing the progress and growth of the industry since its early days. As cryptocurrencies continue to shape the financial landscape, this event remains a cherished reminder of Bitcoin’s humble beginnings and its journey towards mainstream acceptance.

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