KEYTAKEAWAYS
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Historical Transaction Milestone: On May 22, 2010, Laszlo Hanyecz's purchase of two pizzas for 10,000 Bitcoins marked the first real-world use of cryptocurrency, setting a significant precedent in digital currency history.
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Symbolic Value Appreciation: The day highlights the dramatic rise in Bitcoin's value; what was once worth two pizzas is now valued in hundreds of millions, illustrating the volatile and potent nature of virtual currencies.
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Cultural and Promotional Impact: Bitcoin Pizza Day has become a cultural phenomenon within the crypto community, celebrated with events and promotions that underscore the growth and impact of cryptocurrencies in modern finance.
CONTENT
THE ORIGIN OF BITCOIN PIZZA DAY
The origin of Bitcoin Pizza Day dates back to May 22, 2010, when American engineer Laszlo Hanyecz made the first real-world transaction using virtual currency by paying 10,000 Bitcoins for two pizzas.
Since then, the crypto community has designated May 22 as Bitcoin Pizza Day to commemorate this landmark day for cryptos.
Source: Binance
WHY DOES BITCOIN PIZZA DAY RECEIVE SO MUCH ATTENTION?
Bitcoin Pizza Day attracts a lot of attention each year for two main reasons:
- The first real-world transaction using cryptos (Bitcoin)
As previously mentioned, Hanyecz’s act of purchasing pizzas with 10,000 Bitcoins marked the first real-world transaction with Bitcoin, establishing a milestone for this virtual asset.
- The dramatic increase in the value of Bitcoin in recent years
What really captivates most people is that, at today’s Bitcoin value, Hanyecz’s transaction equates to spending nearly $618 million for two pizzas (!). This fact makes people feel both sympathetic towards Hanyecz and astonished at the astonishing rise in the price of virtual currency.
BTC price on Bitcoin Pizza Day since 2011
2011: $6.12
2012: $5.10
2013: $123
2014: $523
2015: $241
2016: $439
2017: $2,109
2018: $8,355
2019: $7,958
2020: $9,060
2021: $37,340
2022: $29,492
2023: $26,773
2024: $70,098
However, in subsequent interviews, Hanyecz expressed no regrets and maintained a positive attitude about being recorded in crypto history in such a manner.
BITCOIN PIZZA DAY 2024 EVENTS
1. CoinRank’s Bitcoin Pizza Day Campaign
Happy Bitcoin Pizza Day! 🍕
Complete the tasks below to enter our $300 pizza day giveaway:
1. Read our Bitcoin Pizza Day article
2. Sign up on Cwallet with our referral link & Provide your Cwallet user ID
3. Cwallet Sign Up Link: https://cwallet.com/login?referral_code=QTvM2tK8
4. Follow our X(Twitter) & and engage with us (Like, RT, Quote).
5. Join our Telegram Channel & share this giveaway
🏆 Total prize: $300
💰 30 winners will get $10 each
📅 21/5 – 27/5
2. BitMEX Bitcoin Pizza Day Trading Competition
From May 6 to May 22, by logging into BitMEX and registering for the Bitcoin Pizza Day trading competition, participants have a chance to win prizes from a Bitcoin prize pool. Additionally, referring friends can also win free pizzas to share.
3. Coinbase Pizza Surprise NFT
Visit the designated website on May 22, Bitcoin Pizza Day, with this NFT to discover what surprises await.
4. CoinEX’s Pizza Day Campaign
CoinEX has launched a series of Bitcoin Pizza Day events where you can win rewards by sharing a slogan or a pizza-related image.
