Bitcoin Pizza Day

Bitcoin Pizza Day marks the day when the first known purchase of a physical good occurred using the first cryptocurrency, bitcoin (BTC).

In May 2010, Jeremy Sturdivant, then a 19-year-old student, saw a weird request on a crypto online forum posted by Laszlo Hanyecz.

The request was for two pizzas to be delivered to him, and in exchange, he’d give 10,000 bitcoins.

Jeremy sent Laszlo two large pizzas from Papa John’s.

The 10,000 BTC was worth roughly USD $40 at the time.

Since this was considered the first physical item ever bought with bitcoin, the event became known as Bitcoin Pizza Day and is held every year on May 22 to celebrate.

At $20,000 per BTC, the 10,000 BTC is worth USD $200 million.

Anyone who says that money cannot buy happiness has clearly never spent their money on pizza. – Andrew W.K.

Laszlo’s request is mind-boggling! Why didn’t he also ask for extra garlic dipping sauce?!

Related Terms

Bitcoin (BTC)

Bitcoin (BTC) is most well known as a digital decentralized cryptocurrency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries, such as payment gateways or banks or routing services. Think of bitcoin as Internet money, that you can send and receive directly, to and from anyone, and you can use it to pay for stuff.

Bitcoin ATM (BTM)

A Bitcoin ATM (BTM) is an ATM machine that lets you buy and sell Bitcoin (BTC), transfer Bitcoin (BTC) to someone else, and some even let you sell Bitcoin (BTC) and withdraw cash. Surprise! A Bitcoin ATM is very similar to a traditional bank ATM, in that you can deposit and withdraw fiat money. To […]

Bubble

Describes an asset, or entire market, significantly appreciating in price, at an inflated level, and not reflecting the asset’s or market’s real value here on Earth. “The bubble” bursts, sending those inflated prices that can’t be sustained crashing down hard.

Halving

The halving reduces the rate at which new bitcoin is created, specifically reducing block rewards, and in effect, reducing the incentive for miners to continue their work of securing the network.

Digital Currency

Digital Currency, also called digital cash, digital money, or virtual currency is any form of currency or money-like asset that’s only available in purely digital or electronic form.