Bitcoin pizza day turns 12

Twelve years ago bitcoin pizza day took place. What is it exactly? BFM crypto takes stock.

On Sunday, exactly twelve years ago, a famous event in the cryptocurrency ecosystem took place: bitcoin pizza day. A little background… Bitcoin, the queen of cryptocurrencies, has risen to power in the space of a few years. The cryptocurrency was created in 2009 by a certain Satoshi Nakamoto, who remains anonymous to this day. Twelve years ago, on May 22, 2010, cryptocurrencies remained in the experimental field, they had just been born and bitcoin was unofficially worth around 0.004 dollars. Unofficially, because there wasn’t really a market, and nobody was interested.

10,000 bitcoins for 2 pizzas

At that time, Laszlo Hanyecz, an American, decided to advertise on an internet forum. The latter offers to pay 10,000 bitcoins to whoever wants to order two take-out pizzas from the Papa Johns chain, with lots of ingredients on them. The two pizzas were therefore paid for the equivalent of 41 dollars at the time. This is thus one of the very first bitcoin transactions to buy something so listed. It’s quite a symbol.

Now, if we go back to 2022, despite the crypto-crash of two weeks ago, these two pizzas are worth just over $300 million, since bitcoin is slightly above $30,000 this Monday.

Antoine Larigauderie with Pauline Armandet

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