Bitcoin Celebrates Its 10th Pizza Day. This Is How $90 Mln Fast Food Purchase Happened

News
Fri, 05/22/2020 - 06:07
Alex Dovbnya
A $90 mln pizza that kick-started Bitcoin's merchant adoption was bought ten years ago
Cover image via stock.adobe.com

Its May 22, and the cryptocurrency community is busy celebrating the tenth anniversary of the first purchase with crypto that is commonly known as 'Bitcoin Pizza Day.'

Ten years ago, computer programmer Laszlo Hanyecz singlehandedly kick-started Bitcoin's merchant adoption by volunteering to pay a whopping 10,000 BTC ($41 at that time) for two Papa John's pizzas. 

Bitcoin has come a long way since then, with more than 100,000 shops and merchants around the globe.  

Some might acrimoniously say that the 'Bitcoin pizza guy' made the worst investment of all time. If it wasn't for his pang for hunger, Hanyecz could be sitting on a $90 mln fortune at current prices.

In last year's interview with CNN's Anderson Cooper, he said that it's wasn't good for him to focus on his lost crypto riches:  

I think thinking like that is-- is not really good for me.  

On the flip side, Hanyecz did become part of Bitcoin's early history, and he will certainly be celebrated by the crypto community for years to come. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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