Bitcoin Pizza

Bitcoin Pizza is named after the first known physical goods transaction from Bitcoin. The buyer Laszlo Hanyecz purchased pizza to show the world that Bitcoin can be used for purchasing real-life goods. He came up with the idea and decided to buy a pizza because he thought that the pizza was known and liked by everyone.

The History of the Most Expensive Pizza

The transaction to buy two large pizzas took place on May 22, 2010, and was started from the post in the Bitcoin forum named “Bitcointalk.” On May 18, 2010, the programmer Laszlo Hanyecz posted a trade deal saying, “I’ll pay 10,000 bitcoins for a couple of pizzas”. Then he finds a volunteer to provide pizza. The user nicknamed “jercos” called the Papa John’s in Jacksonville, Florida, from Europe and ordered two large pizzas for Hanyecz. After that, Hanyecz shared pictures of his pizza to announce that the transaction was completed successfully in the forum. At the time they ordered, two pizzas were worth around 25 Dollars in May 2010. The restaurant that made the Bitcoin pizza also displays this event and calls themselves “Makers of the famous Bitcoin pizzas” on a wooden plaque.

You can also browse the history of Blockchain even before Bitcoin.

What is the value of the Bitcoin Pizza?

Around that time, 10,000 Bitcoin, which paid for the pizzas, was worth around 41 dollars. In March 2022, one Bitcoin is worth 43,000 USD, which means that 10,000 BTC is approximately 429,478,000 USD.

Bitcoin Pizza Day – The May 22

Bitcoin Pizza day is celebrated in ­the Bitcoin community every May 22. The community remembers this transaction as a milestone for the cryptocurrency world. The main actor of the transaction, Laszlo Hanyecz, talked more about the trade in his May 22, 2019 “60 Minutes” interview. He believes this transaction made a positive impact on Bitcoin’s future, and he is not feeling regret about the value of the Bitcoin Pizza.