Personal Finance Essentials
Bitcoin Pizza Day:
The First Commercial Use of Bitcoin
The $500 Million Pizza:
Bitcoin’s First Real-World Transaction
On May 22, 2010, software developer Laszlo Hanyecz offered to buy two Papa John’s pizzas with bitcoin if someone would get them for him. He found a willing participant. That date is now known as Bitcoin Pizza Day – the world’s first commercial transaction using bitcoin.
The two pies cost $14. Laszlo paid 10,000 bitcoins for them. If bitcoin’s price is $50,000, those 10,000 bitcoins would be worth $500 million.