It’s Bitcoin Pizza Day, the day when the crypto neighborhood comes collectively to rejoice the primary “real-world” bitcoin (BTC) transaction.
Again in 2010, Bitcoin OG Laszlo Hanyecz spent 10,000 BTC (price $1.1 billion right this moment) on two pizzas from Papa John’s.
In honour of the event, Protos has catalogued the worth of BTC on Might 22 yearly since that day.
You’ll be able to view the chart right here.
When you saved $41 price of BTC purchased on Might 22 in both 2012, 2013, or 2014, you’d now have $908,000, $36,000, and $9,226, respectively. When you have been to pay the identical $41 worth right this moment, you’d want to make use of 0.0003703 BTC as a substitute of 10,000 BTC.
BTC’s worth has risen by almost 2.8 billion % since that famed pizza buy, and right this moment it hit an all-time excessive of $111,544.”
The bitcoin buy was additionally huge for Papa John’s, which tried to capitalise on its affiliation with Hanyecz by providing free BTC with pizza orders all through Might 2021 within the UK.
Nonetheless, the UK’s promoting watchdog later banned the ads, claiming it trivialized the high-risk funding to an viewers “likely to be inexperienced in their understanding of cryptocurrencies.”
Coinbase additionally acquired some flak from some diehard bitcoin followers on final 12 months’s Bitcoin Pizza Day when it accepted the stablecoin USDC for pizza as a substitute of BTC. Onlookers with placards selling BTCPay Server denounced the occasion as “shitcoin pizza day” whereas on-line customers described Coinbase as “bad actors” for accepting USDC.
