Last Monday marked the seventh anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of legend, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth more than $20 million, for the two pizzas.
On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas. Organized on bitcointalk forum, the Florida man reached out for help. “I’ll pay 10,000 bitcoins for a couple of pizzas like maybe 2 large ones so I have some left over for the next day,” Hanyecz wrote.
“I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!”
“I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
“If you’re interested please let me know and we can work out a deal.”
The Bitcoin price has been on a tear in 2017. The rally looked like it was finally running out of steam last week. The cryptocurrency blew past $2,500 and nearly touched $2,800 for the first time on Thursday, before giving all the gains back.
It hit a high of $2,799, up $360, before surrendering its gains. The cryptocurrency is now trading down 9.2% at $2,230 a coin. It has gained in 26 of the past 29 sessions, tacking on more than 107% over that time. Over the last year Bitcoin has gained 372%.
The #Bitcoin pizza is worth $21,061,986 today. (-4% from yesterday)
— Bitcoin Pizza (@bitcoin_pizza) May 28, 2017
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