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Bitcoin Pizza Day Celebrates 14 Years Since 10,000 BTC Purchase Worth $700 Million

May 22, 2024, 02:05 PM

Today marks the 14th anniversary of Bitcoin Pizza Day, commemorating the first real-world transaction using Bitcoin. On May 22, 2010, Laszlo Hanyecz famously paid 10,000 BTC for two pizzas, a transaction that highlighted the potential of Bitcoin as a medium of exchange. The value of those 10,000 BTC today would be approximately $700 million, illustrating the dramatic appreciation of Bitcoin over the years. Celebrations are taking place globally, with events in cities like New York, Los Angeles, and Miami. Various organizations and crypto enthusiasts are hosting parties, giveaways, and special promotions to honor the occasion. Bitcoin Pizza Day serves as a reminder of Bitcoin's journey from a niche hobby to a mainstream economic asset. Notably, 10,000 BTC would now buy about 36 million pies, and Bitcoin's current price is $70,098. Hanyecz's total pizza purchases amounted to 8 pizzas for 40,000 BTC.