Bitcoin Pizza Day, celebrated on May 22, marks the first recognized time Bitcoin was used in a real-world transaction. In May 2010, crypto enthusiast Laszlo Hanyecz paid 10,000 bitcoins to have two pizzas delivered to his house.
Bitcoin Pizza Day
Bitcoin Pizza Day is ingrained in crypto folklore, not only because the transaction was the first time Bitcoin was used to buy a physical good or service, but because enthusiasts love to speculate on the value of the pizza purchase today. The 10,000-bitcoin purchase was valued at $40 USD at the time. In 2023, the same amount of bitcoin would be worth approximately $270 million dollars.
In a 2019 interview, Hanyecz said the transaction “made [bitcoin] real for some people. It certainly did for me.”