Comment
Author: Admin | 2025-04-28
Making the two pizzas worth $10,000. In 2015, the fifth anniversary of Bitcoin Pizza Day, the two pizzas were valued at $2.4 million. On May 22, 2024, Bitcoin was at just over $69,181 making the pizzas worth…you get the point. Despite the massive rise in the price of Bitcoin, Hanyecz says he is not phased about his deal. “It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Hanyecz has said.Did Someone Really Pay 10,000 Bitcoin for Pizza?Yes, a person paid 10,000 BTC for two pizzas in 2010, when its prices were far less than today.What Day Is Bitcoin Pizza Day?Bitcoin Pizza Day is May 22, commemorating a 10,000 BTC pizza purchase.How Much was 1 BTC Worth on Pizza Day?According to the conversation on Bitcoin Forum, 1 BTC on May 22, 2010 was worth $0.0041, making the purchase amount $41. The Bottom Line Bitcoin's value has gone up significantly since the first Bitcoin Pizza Day, illustrating the cryptocurrency's impressive growth since its early days, when its worth was fungible for not more than a couple of pizzas. The rise in Bitcoin's value is a testament to its increasing acceptance and use in digital transactions worldwide. However, Bitcoin is highly volatile. Its price can fluctuate rapidly, potentially leading to momentous gains or significant losses. Thus, while the growth trajectory of Bitcoin attracts investors, caution and informed decision-making are paramount when investing in this cryptocurrency because of its elevated risk.
Add Comment