US EditionBitcoin Sets New High Above $111K, 15 Years After Developer Paid 10,000 BTC for Two Pizzas
- On May 22, 2010, American developer Laszlo Hanyecz completed the first commercial Bitcoin transaction by buying two Papa John's pizzas with 10,000 BTC.
- Hanyecz posted on Bitcoin Talk seeking someone to exchange 10,000 Bitcoins for pizza, as BTC had little value and was mostly theoretical then.
- The pizzas cost about $25, while the 10,000 BTC used were worth roughly $41 at the time, marking a milestone in cryptocurrency adoption.
- Bitcoin surged past $111,800 on the 15th anniversary, making the 10,000 BTC used worth over $1.1 billion and illustrating extreme price volatility and market risk.
- This event highlights Bitcoin's evolution from experimental code to a high-value asset currently favored by institutions despite ongoing adoption challenges and market volatility.
54 Articles
54 Articles
After surpassing US$109,000 this Wednesday, at the time of Bitcoin Pizza Day, bitcoin reached a maximum of US$111,953 in the last 24 hours. At 15.15 today, the cryptoactive dropped to US$109,628, a decrease of 1.9% in the last 24 hours, according to Lemon data.Other popular cryptocurrencies also went back: Ethereum: US$2582,2 with a fall of 3.1% in the last 24 hours. Cardano: US$0.7, with a fall of 2.8% in the last 24 hours.XRP: US$2.3, with a d…
Today marks the 15th anniversary of the first known use of cryptocurrency to purchase goods in the real world - the so-called "Bitcoin Pizza Day".
Bitcoin Hits New Record High, Surpasses Amazon’s Market Cap On ‘Pizza Day’
from ZeroHedge: Today, May 22, is a special day for cryptocurrencies. It’s Bitcoin Pizza Day… and the cryptocurrency is making new record highs… Fifteen years ago, programmer Laszlo Hanyecz made the first documented purchase of goods using Bitcoin, paying 10,000 BTC for two Papa John’s pizzas. TRUTH LIVES on at https://sgtreport.tv/ Today, that same order is worth […]
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