cryptocurrency: A cryptocurrency is a digital medium of exchange that uses encryption to secure the processes involved in generating units and conducting transactions.
May 22 Is Bitcoin Pizza Day Thanks To These Two Pizzas Worth $5 Million Today . Julie Bort. 2014-05-22T00:26:05Z Laszlo Hanyecz bought these pizzas for 10,000 bitcoins on May 22, 2010.
The Bitcoin Pizza day is celebrated to mark the first time Bitcoin was used for a real-life transaction. On May 22, 2010, two pizzas were bought for 10,000 bitcoins, at a time when Bitcoin was Just like that a big oportunity to own a lot of BTC was lost by a lot of users in Bitcointalk, this amount of Bitcoin is worth more that 250 million dollars today, an amount that would make anyone rich. This story resembles the man who bought Pizza for 10000 BTC and its another epic story of the early days of cryptocurrencies. "I wanted to do the pizza thing because to me it was free pizza," he said in 2019. "I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner." He says he spent about 100,000 Bitcoins in the summer of 2010 on pizzas, worth nearly $4 billion now.
Nine months after the purchase, Bitcoin reached par with the U.S. dollar, making the two pizzas worth $10,000 and during the fifth anniversary of Bitcoin Pizza Day in 2015, the two pizzas were valued at $2.4 million. With every passing year, the value of the pizzas has only managed to rise higher.
On May 22, 2010 Laszlo Hanyecz famously declared success in his four day quest to trade 10,000 BTC for “a couple of pizzas”, posting on a bitcointalk forum page : "I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!" At the time the transaction was valued at $41. A year later it was $57,700. qoQo.
