- Cryptocurrency Twitter celebrates the 13th anniversary of the famed Bitcoinย (BTC) Pizzas.
- Theย expense of the first-ever commercial transaction in Bitcoinย (BTC) soared over the years.
- Bitcoinย (BTC) traded below key support of $27,000 since 2 PM GMT Sunday.
As Bitcoinย (BTC) Pizza Day, the 13th anniversary of the first-ever commercial transaction via Bitcoin, kicks in, letโs remember how it all started. Laszlo Hanyecz, an American-Hungarian programmer from Florida, aimedย to get two large pizzas for 10,000 Bitcoins in 2010.
โ Iย will pay 10,000 Bitcoins for a couple of pizzas. Like maybe 2 large ones so I have some leftovers for theย following dayโ, stated the unlucky programmer, only to find out thereafter that he paid millions of dollars for the delivery of two XXL pizzas.
How Much Are the Bitcoinย (BTC) Pizzas Worth Now?
Regardlessย of the original thread on Bitcointalk.org receiving immediate interest, it was likewise packed with sarcastic replies. To illustrate, a crowd of members accused Mr. Hanyecz of โ attemptingย to get a free meal,โ while others advised selling the 10,000 Bitcoin for $41.
Inย theย end, on 22nd May 2010, the request was fulfilled. 1 sharp cryptocurrency enthusiast from the Unitedย Kingdom ordered the delivery on Papa Johnโs website and ended up with 10,000 BTC. Having picked up the delivery, Mr. Hanyecz happily shared a pic of one of the most expensive meals ever made.
Nine months thereafter, Bitcoinย (BTC) was equivalent to theย Unitedย States Dollar (USD). Severalย years further, on Bitcoinย (BTC) Pizza Dayโs fifth Anniversary, the two pizzas were already worth $2.4 Million. The famed Bitcoinย (BTC) Pizzas from Papa Johnโs are now worth $267 million.
The other side
- Most people on the website considered this food delivery for 10,000 Bitcoins a bargain.
Why This Matters
The famed Bitcoinย (BTC) Pizzas story unearths BTCโs progress as a top hedge against fiat.
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