WatcherGuru
Sixteen years ago today, programmer Laszlo Hanyecz made what is now the most famous transaction in cryptocurrency history — paying 10,000 Bitcoin for two Papa John's pizzas. At the time, it was a proof-of-concept moment, demonstrating that Bitcoin could function as a real medium of exchange.
Today, those 10,000 BTC are worth over $775 million. The transaction is remembered every May 22 as Bitcoin Pizza Day, a marker of just how far the asset has traveled from a niche cypherpunk experiment to a store of value sitting in institutional portfolios worldwide.
Hanyecz has said he has no regrets — the pizzas served their purpose, and the trade helped establish Bitcoin's first real-world price anchor.
Frequently asked questions
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What impact did the Bitcoin Pizza Day transaction have on Bitcoin's adoption?
The transaction established Bitcoin's first real-world price anchor, demonstrating its viability as a medium of exchange and contributing to its broader adoption.
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How has the value of Bitcoin changed since the Pizza Day transaction?
Since the transaction, the value of the 10,000 BTC has risen to over $775 million, highlighting the significant appreciation of Bitcoin over the years.
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