Nine months after the purchase, Bitcoin reached par with the U.S. dollar, making the two pizzas worth $10,000 and during the fifth anniversary of Bitcoin Pizza Day in 2015, the two pizzas were valued at $2.4 million. With every passing year, the value of the pizzas has only managed to rise higher.The end result: The $30 in bitcoin used for a Papa John's pizza purchase would be worth nearly $200 million today! The pizzas cost about $30, so Hanyecz needed 10,000 bitcoins to pay for them.
Here's a thread of Bitcoin Pizza Day facts you might not know: The fee paid for this famous transaction was huge by today's standards: 0.99 BTC! Today that's worth $9050. A common misconception is that 10,000 BTC bought one pizza. It actually bought two! 🍕🍕. The two pizzas were bought from @PapaJohns.
Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $82 million at today's prices Lazlo Hanyecz How a $40m pizza shows bitcoin's stunning price rise
The #Bitcoin pizza is worth $83,131,600 today. (-2% from yesterday) Today is Bitcoin pizza day! — Bitcoin Pizza ? (@bitcoin_pizza) May 22, 2018 In an interview with the New York Times that took place last year, Hanyecz said, "It wasn't like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool.
Somewhere in the realm of 290-300 million dollars. Well I don't think that person hold that time too brother. The pizza place didn't get the Bitcoins. He transfered 10,000 Bitcoin to another Bitcoiner, and that Bitcoiner used his credit card to buy the pizzas. Meet Laszlo Hanyecz, the first person to conduct a Bitcoin transaction for a physical item—10,000 BTC for 2 pizzas back in 2010. He simply took to BitcoinTalk—a popular Bitcoin forum—and asked whether anyone would order him a pizza for a few bitcoins. On May 22, 2010, a date now revered by historians as “Bitcoin Pizza Day,” Hanyecz received two large Papa John’s pizzas in exchange for 10,000 Bitcoin, worth $41 at the time. The story concluded bitterly as those User "laszlo" made the first real-world transaction – he bought 2 pizzas for 10,000 BTC. [76] [77] User "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found. [78] [79] I'm 100% sure about alpaca socks, and too lazy to check, but the real world transactions were happening on the exchange. 3 days ago · The significant price increase in bitcoin over time can make seemingly small purchases turn into substantial investments. For example, a $20 pizza bought with bitcoin at the beginning of 2023 would be worth over $50 at current prices. This brings to mind the famous story of the two large pizzas bought with 10,000 bitcoin, now valued at $44 million.