US Man Once Bought Two Pizzas For 10,000 Bitcoins And Gave The World Its Bitcoin Pizza Day! – Indiatimes.com

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Did you know 22nd May is celebrated as world bitcoin pizza day? Sounds interesting, right? But what’s even more interesting is the story behind it! 

Almost 12 years ago, a programmer named Laszlo Hanyecz in Florida, US was craving pizza. So, he bought two of them. But here’s what the catch is. 

He paid for those two pizzas in Bitcoin, which is widely believed to be the first-ever recorded real-world transaction using crypto for purchasing a physical good, in the year 2010.

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The road, though, wasn’t easy. Many days passed by but he was still unable to find anyone who was willing to take up his offer. He was losing hope day by day. 

But on May 22, 2010, a then 19-year-old Jeremy Sturdivant began turning heads on the crypto forum. He accepted Laszlo Hanyecz’s offer of 10,000 bitcoin for two pizzas made by Papa John’s, valued at around $41 back then. 

Sturdivant purchased the two ‘10,000 bitcoin’ pizzas and delivered them to Hanyecz’s place in Florida

Laszlo Hanyecz also posted on the forum that he had received the pizzas and shared a photograph showing the pizzas and his family. 

So, in light of this historic event that happened 12 years ago, the global crypto community celebrates May 22 as bitcoin pizza day! It celebrates the first physical bitcoin transaction.

What If He Had Held Onto Those Bitcoins?

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Also Read: Former Twitter CEO Jack Dorsey Says Bitcoin Will Replace The US Dollar

Years later, the Floridian recalls that day with a lot of regret. If he would have held onto those Bitcoins, they would have been valued at more than ₹ 2260 crores in present times, as per a BusinessToday report.

As per a report in CoinDesk, if Hanyecz had instead, hypothetically sold his entire stash at bitcoin’s all-time high of $68,990, he could have made around $690 million, enough to buy 46 million large Papa John’s pizzas at $15 a piece!

For more of such interesting financial news, keep reading Indiatimes Worth. Click here.

Source: Thanks https://www.indiatimes.com/worth/news/us-man-pays-10000-bitcoins-for-pizza-570056.html