Bitcoin Pizza Day: what 10K bitcoins are worth NOW
Today crypto community celebrates 10th anniversary of the most expensive pizza order in history. The one that was paid in Bitcoins.
Back in May 2010, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two pizzas delivered from Papa John. Today, on May 22nd 2020, this story causes only laughter (for some of us — hysterical), because if the guy waited just a little longer and didn’t spend bitcoin on two pizzas, he would become a multimillionaire.
TRASTRA decided to remember that momentous day that went down in history as Bitcoin Pizza Day, and also find out how it influenced the future of the crypto industry and what can be bought for 10,000 BTC today.
So it’s May 22nd, 2010. A British man took up Hanyecz’s offer and bought two pizzas for him in exchange for the 10,000 Bitcoins. Even at that moment the recipient of the Bitcoins got himself a profit, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time.
Hanyecz bought the pizzas when the currency wasn’t even valued at a penny — yet nearly 10 years later, that same amount of Bitcoin is worth roughly $800 million USD (~$8000 USD per each 1 BTC).
In one of the interviews, Hanyecz states that he has no regrets, continuing with his own joke: “I think it’s great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it’s an interesting story because everybody can kind of relate to that…”
Read also — What folks spend crypto on
Bitcoin Pizza Day has become a real celebration for many members of the crypto community. Every May 22, different pizzerias organize promotions, offering favorable discounts for those paying pizza with bitcoins. Moreover, every year people compare how many pizzas could be bought for 10 thousand bitcoins at present.
We also prepared our own estimate. Today, for 10K BTC, you can provide a luxurious life not only for yourself, but also for several hundred, and even thousands of people. Exclusive dishes and drinks, apartments and the latest models of top cars, luxurious watches, jewelry, and the latest technological innovations are just a small part of what the owner of such amount of cryptocurrencies can afford.