Bitcoin Pizza Day is commemorated each year to remember one of the most peculiar transactions ever recorded across the global crypto realm. Notably, a man in the United States swapped the world’s leading cryptocurrency for a mere two pizzas, a purchase much smiled upon today.
Bitcoin’s meteoric rise and widespread adoption in recent years have not only revolutionized the global trading landscape but also elevated the digital asset to the status of leading RWA (Real World Assets), such as gold and silver. This global acceptance and recognition are a testament to Bitcoin’s potential and dominance.
Listed below is a brief report on Bitcoin’s legendary history, from its use to purchase pizzas to its current status as one of the most sought-after investment options worldwide.
Bitcoin Pizza Day: What’s The Scoop?
On May 22, 2010, a British man living in Florida, United States, stamped his name in history, purchasing two pizzas for a whopping 10,000 BTC. Laszlo Hanyecz, an early Bitcoin enthusiast, bought two of Papa John’s pizzas for the abovementioned number of BTC coins, worth somewhere around $41.
This transaction is much smiled upon today, as 10,000 BTC would be worth a fortune for many in today’s era. 1 BTC today is evaluated to be somewhere around $69K, ultimately making 10,000 BTC worth hundreds of millions of U.S. Dollars.
Zooming into today, paying 10,000 BTC for two pizzas is an unprecedented thought. Moreover, Bitcoin has continued to grow over the years, making the transaction one to remember with each passing year.
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Bitcoin’s Price Today
Bitcoin, the world’s first-ever digital currency, trades at $69,957 today, having fallen 1.49% in the past 24 hours.
The token’s all-time low is $0.04865, marking a 143791042.87% in value to date. Whereas, the ATH (all-time-high) hit by the token is $73,750.
Meanwhile, it’s also worth noting that Bitcoin’s rise in value aligns with its halving event held every four years, also held this year, that substantially aids the price and tokenomics.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
