On May 22, 2010, a developer bought two pizzas using 10,000 units of a then little-known digital currency called bitcoin.
Today, 10,000 bitcoins are worth more than 466 million dollars.
Bitcoin is going nuclear. Its price is skyrocketing, with each bitcoin worth $ 47,639.
The digital currency has come a long way since 2010, when Laszlo Hanyecz’s purchase of the two Papa John’s pizzas from another bitcoin enthusiast marked what is believed to be the first “real world” bitcoin transaction.
He posted on the Bitcoin Talk forum on May 22, 2010, writing:
"I'll pay 10,000 bitcoins for a couple of big pizzas, so I have a few slices left over for the next day. I like that I have some pizza left over for snacking later. You can make the pizza yourself and bring it to my house or order it for me at a place of delivery, but what I want is that they give me food in exchange for bitcoins where I don't have to ask for it or prepare it myself, something like ordering a 'breakfast plate' in a hotel or something like that, they bring you something to eat and Are you happy! I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc., just standard stuff, no weird fish ingredients or anything like that. I also like regular cheese pizzas, which can be cheaper to prepare or purchase. If you are interested, please let me know and we can work out a deal. "
So, ten thousand coins were worth about 40 dollars. A British user agreed to buy the pizza from him, and even then the buyer got a good deal – the person paid just $ 25 for the two pizzas.
The date is marked annually by bitcoin users as “Bitcoin Pizza Day”.
Today, 10,000 bitcoins total approximately $ 466 million.
“It wasn’t like Bitcoins had value back then, so the idea of trading them for pizza was unbelievably cool,” Hanyecz told The New York Times in 2013. “No one knew it was going to be that big.”
Bitcoin is on an epic bull run, soaring to all-time highs.