On May 22, 2010, Laszlo Hanyecz made history. He became the first person to buy something with bitcoin.
And what did he buy? Two pizzas, delivered to his home in Florida. The story of the Bitcoin Pizza is now legend.
Hanyecz was an early adopter and miner of bitcoin. In those early days, mining was easy and anyone with a decent computer could do it. Hanyecz himself mined over 50,000 bitcoins. When he made the purchase, each bitcoin was worth around $0.
0025. So the two pizzas cost him 10,000 bitcoins.
At today’s prices, those 10,000 bitcoins would be worth over $100 million. The Bitcoin Pizza story is a reminder of how far bitcoin has come in such a short time.
And it’s also a reminder of the speculative nature of cryptocurrency investing.
NOTE: WARNING: The Bitcoin Pizza Story is an urban legend that has been circulating online for many years. There is no concrete evidence to support its validity. Investing in Bitcoin or other cryptocurrencies is a risky venture, and it is advised to research the subject thoroughly before investing.
The story goes that Hanyecz wanted to show that bitcoin could be used to buy real-world goods. So he posted on a forum looking for someone to buy him two pizzas for 10,000 bitcoins.
A user named Jeremy Sturdivant took him up on the offer and delivered the pizzas to Hanyecz’s home.
The purchase made headlines at the time and has since become one of the most famous stories in cryptocurrency history. It’s often cited as an example of how early adopters of bitcoin made massive profits as the price of bitcoin soared in subsequent years.
Hanyecz has since become something of a folk hero in the cryptocurrency community. And the story of the Bitcoin Pizza has taken on a life of its own.
There’s even a website dedicated to tracking the current value of 10,000 bitcoins in pizza terms (it’s currently $98 million).
So is the Bitcoin Pizza story true? Yes, it is. Laszlo Hanyecz really did buy two pizzas for 10,000 bitcoins on May 22, 2010.
It’s an important part of cryptocurrency history and a reminder of how far bitcoin has come since its early days.
9 Related Question Answers Found
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