Bitcoin Pizza Day: From $25 Pizzas to a $1.38 Trillion Market Cap

May 22, 2024
Bitcoin Pizza Day: From $25 Pizzas to a $1.38 Trillion Market Cap
  • On May 22, 2010, Laszlo Hanyecz purchased two Papa John's pizzas for 10,000 Bitcoins, marking the first real-world transaction with the digital currency.

  • This transaction, now valued at nearly $700 million, highlights the rapid evolution of the cryptocurrency industry.

  • Bitcoin's price has skyrocketed from less than a cent to around $70,000 per BTC today, representing a 17,400% increase in value over the last decade.

  • Gabor Gurbacs underscores Bitcoin's market cap exceeding $1.38 trillion, emphasizing its survival and thriving nature.

  • Bitcoin Pizza Day is celebrated annually to commemorate this historic transaction, showcasing the transformative journey of cryptocurrency.

  • Cryptocurrencies are now widely accepted by businesses worldwide, reflecting the industry's expansion and adoption.

Summary based on 7 sources


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Sources

Happy Bitcoin Pizza Day

CoinDesk • May 22, 2024

Happy Bitcoin Pizza Day



It's Bitcoin Pizza Day

Newser LLC • May 22, 2024

It's Bitcoin Pizza Day

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