It’s Bitcoin Pizza Day!
It’s Bitcoin pizza day. 22 May marks the 9th anniversary of Laszlo Hanyecz’s landmark real-world 10,000 BTC transaction.
On this day, nine years ago, a developer called Laszlo Hanyecz – now better known as the ‘Bitcoin Pizza Guy’ – posted an offer to pay 10,000 BTC for two pizzas. A deal was struck, the forum member paid $25 for the Papa John’s pizzas to be sent to Hanyecz using his credit card, and received a large stack of BTC in return. It was the first real-world transaction using bitcoin. It also helped established the market value of one bitcoin as $0.025.
Bitcoin Pizza day has gone down in history, at least among the crypto community, who celebrate it for at least two reasons. Firstly, it was bitcoin’s debut in the real world of commerce: the first proof that the virtual currency could be used for real transactions and purchases. Secondly, the crypto world loves to look back and see just how far bitcoin has come in the years since – and particularly how much it has appreciated in price. Today, those 10,000 BTC would be worth $80 million – and they weren’t all he spent either. As the forum post shows, this was an open offer and Laszlo spent plenty of BTC this way. (He liked pizza, and as the pioneer of GPU mining, he had lots of bitcoins to spare.)
Hanyecz recently featured in an hour-long segment about Bitcoin on CBS. Host Anderson Cooper asked him, ‘Are there nights you wake up, like, in a cold sweat, where you think, “I could have had 800 million dollars if I hadn’t bought those pizzas?”’ Hanyecz replies, ‘I think thinking like that is not really good for me.’
So what could you buy with those 10,000 BTC today? Here are some suggestions:
- 6 million pizzas
- 1.68 million shares in Papa Johns (5.3% of total market cap)
- This weird rabbit sculpture (minus Christie’s premium)
- Four of these Bugattis, with a few million change for speeding tickets.
Or just maybe you’d choose to hodl, and see what those 10k BTC might be worth in another year or two.
Enjoy your pizza today – and remember, fiat is good for some things. Hold the coins, spend the dollars.