Bitcoin

Bitcoin Pizza Day Is May 22

  • In 2010, a programmer traded 10,000 bitcoins for two papa john’s pizzas.
  • Today, those coins would be worth more than $80 million.
  • In honor of that purchase, the cryptocurrency world celebrates Bitcoin Pizza Day on May 22.
  • see the real time bitcoin trading here.

happy bitcoin pizza day!

on May 22, crypto enthusiasts around the world celebrate the anniversary of one of the first bitcoin purchases: two papa john’s pizzas for 10,000 bitcoins.

Reading: John celebrates bitcoin day price

Laszlo Hanyecz, a programmer, bought the two pizzas in 2010 from someone else in Jacksonville, Florida, according to the New York Times. In a 2013 newspaper interview, Hanyecz didn’t sound too affected by the deal.

See also: How a 64M hack changed the fate of Ethereum, Bitcoin&x27s closest competitor | CBC News

“It wasn’t like bitcoins were worthless back then, so the idea of ​​exchanging them for a pizza was unbelievably cool,” Hanyecz said.

Still, those coins would be worth $82 million at Tuesday’s bitcoin price of $8,200 per coin, according to internal market data. there is a twitter account that provides a daily update on how much the pizzas would have cost based on the latest bitcoin price.

for its part, coindesk released a ‘bitcoin pizza day’ price tracker on Tuesday.

etoro sent business insider uk a pizza to celebrate the day. here’s a tweet from finance reporter oscar williams-grut:

See also: How to Buy Bitcoin With Debit Card Without OTP Instantly

Bitcoin garnered global attention late last year as it soared past $20,000 per coin and infiltrated trading and investment firms on Wall Street. but its origins go back to 2008 and an anonymous creator known as satoshi nakamoto, whose vision was to create a rival financial system based on a technology called blockchain.

Still, many merchants are wary of accepting bitcoin due to its chilling volatility. Last year, Morgan Stanley described the lack of places to buy goods with bitcoin.

“The disparity between virtually no trade acceptance and bitcoin’s rapid appreciation is striking,” the analysts wrote.

That hasn’t kept Wall Street away. Several major trading companies are active in the crypto markets, including DRW and Virtu Financial. Meanwhile, Goldman Sachs is preparing to launch a bitcoin trading operation, and Morgan Stanley has been looking to beef up its stock research unit with crypto experts.

See also: Payza Becomes First Payment Network to Include Bitcoin Within Its eWallet

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