It’s Bitcoin Pizza Day, where the Crypto community gathers to celebrate their first “real world” Bitcoin (BTC) transaction.
In 2010, Bitcoin OG Laszlo Hanyecz spent 10,000 BTC (worth $1.1 billion today) on two pizzas at Papa John’s.
In honor of this opportunity, Protos catalogued BTC prices on May 22nd each year from that day.
you can Check out the chart here.
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If you save $41 worth of BTC on May 22, 2012, 2013, or 2014, you’ll find $908,000, $36,000, and $9,226, respectively. If you pay the same $41 price today, you will need to use 0.0003703 BTC instead of 10,000 BTC.
The price of BTC has risen about 2.8 billion% since the famous pizza purchase, reaching a record high of $111,544 today. ”
The purchase of Bitcoin was a big deal for Papa Johns too. We offer free BTC on pizza orders In the UK during May 2021.
However, the UK Ad Watchdog later banned advertising and argued that high-risk investments in audiences were “highly likely to result in less experience in understanding cryptocurrency.”
Coinbase also got some Flaks from stubborn Bitcoin fans on Bitcoin Pizza Day last year, when it accepted Pizza’s Stablecoin USDC instead of BTC. Onlookers with placards promoting BTCPay Server denounced the event as “shit pizza day”, and online users described Coinbase as a “bad actor” to embrace USDC.