Happy Bitcoin Pizza Day!

May 22, 2022, marks the twelfth anniversary of the first time Bitcoin was used to make a purchase of real goods. If you couldn't tell by the title, yes, it was pizza. Laszlo Hanyecz made history by becoming the first person to use bitcoin to purchase real goods.

Two Bitcoins on top of a sliced pizza to represent the first purchase of physical products with cryptocurrency

If you don't keep up with our blog, I actually mentioned the purchase in a previous post discussing the future of crypto as a means of payment. I also got ahold of a crypto debit card! Do you have yours yet?


Anyways...


At the time, the crypto community was small and the value of bitcoin was relatively low, so Hanyecz's pizza purchase may not have seemed like a big deal. In fact, he spent about 10,000 bitcoins on two pizzas from a Papa John's. But fast-forward twelve years and bitcoin is now a familiar name. The crypto community has grown exponentially, especially in the last couple of years, and 1 Bitcoin is currently worth around $30,000 as of May 20, 2022.


This day serves as a reminder of how far Bitcoin has come and the movement it pioneered. I know the market isn't in the best place right now, and there are still many doubts about the safety and regulation of crypto, but I think the future looks bright because of the fact that the internet will eventually become a decentralized landscape and people will essentially have to use these digital currencies to participate in commerce.


It's been a wild ride over the past twelve years, especially since COVID took the world by surprise. Who knows where we'll be in another twelve, but one thing is for sure- it's always an interesting journey. Got any crypto stories of your own? Let us know in the comments!






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