Would you order a pizza and pay for it for almost half a million? Who in their right mind would do that right? Laszlo Hanyecz ordered two boxes of pizza and made a cryptocurrency history. This transaction gave birth to Bitcoin Pizza Day Celebration.
That was 12 years ago and two boxes cost him 10,000 Bitcoins that time, the equivalent of which is $410,000. Today, 1 Bitcoin is equivalent to $20,733.90. That’s more than $200million in today’s value.If you invested in Bitcoin a decade ago, it could have grown exponentially. You are probably one of the millionaires of the cryptoworld today.
Cryptocurrency Commercial Transaction
According to his interviews, Hanyecz had no regret buying pizza in paying Bitcoin in exchange for it. He was just simply making a transaction. He never thought that this currency would gain a lot of traction in the future. Hanyecz posted in Bitcoin.org forum around May 18, 2010 requesting for two boxes of pizza in exchange for some Bitcoins. By May 20, Jeremy Sturdivant (Jercos) responded to his request. The pizza was delivered, the order was fulfilled. And, the first ever cryptocurrency transaction was made.
Bitcoin Pizza Day Celebration
Bitcoin Pizza Day is remembered by crypto traders every month of May. Thanks to this event, Bitcoin’s value has increased significantly. After this transaction, a number of huge companies invested in crypto commercial transactions.
Big companies, such as Amazon, Microsoft, Tesla, Visa, Mastercard, Paypal, and Expedia, integrated cryptocurrency as payment mode. Twelve years ago, one bitcoin equated to $41. Today it is more than $20,000. Although recently, the market had a bearish run and experienced a decline in value.
According to investors, the value of Bitcoin will continue to increase in the coming years. Be wary though, choose the right kind of investment for you. Educate yourself before making any kind of investment. There are plenty of people who became rich because of Bitcoin. But, there are also those whose money were burned by this investment.
