It was 2010, and bitcoin was a newcomer to the financial world, and it was here that an anonymous user, known as Laszlo Hanyecz, posted on the bitcointalk.org forum, a forum which is still active, giving an offer that seemed simple at the time: he would buy two pizzas in exchange for 10,000 bitcoins. At the time, the cryptocurrency was barely valuable and not widely used. The 10,000 units were equivalent to approximately $41 at the time, a value which was adequate to buy two pizzas. Laszlo, a programmer from Florida, was willing to risk his bitcoins for a delicious food that we all love.
Surely you are wondering why I am talking about this, because if you are active in the Crypto world, I am 100% sure you know that today is being celebrated the Bitcoin Pizza Day, so I want to talk a little about this topic in today's post which is special.
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Table of Contents for this article:
♦️ The Historic Transaction.
♦️ The Current Value.
The Historic Transaction
A British student named Jeremy Sturdivant accepted the offer and ordered two pizzas from Papa John's for Laszlo. Thus, on May 22, 2010, the first physical bitcoin transaction took place. However, no one could have foreseen that those two pizzas would become a historical milestone, because as I said at the beginning, at that time bitcoin barely had an interesting value for users, maybe that was what led Laszlo to decide to spend that large amount in just two pizzas, but nobody is a fortune teller, if it were like that we would all be millionaires, no one imagined that today those $BTC could have a value of $692,374,000 at the time of writing this.
It is something crazy to think, in only 14 years those 41 dollars multiplied to an astronomical amount, but it was a pity he did not save them for later, although it was a smart move on his part for that time, because he was spending his money on something he wanted, and since he was not a seer of the future he could not imagine what would come years later, but surely you are wondering what happened to the one who received the Bitcoin, that's a great question and interesting to answer.
This young man you see here is Jeremy Sturdivant, who at the time of acquiring the BTC was only 19 years old, an age at which many do not have a clear idea of investment or anything of these issues, and to everyone's surprise he has said that he spent them very quickly before waiting for it to revalue, and these Bitcoin spent them to take a trip to different parts of the United States with his girlfriend, and in his own words he indicates that he regrets not having at least saved a little or waited a little longer with his Bitcoins.
But tell me something, what would you have done at that time when crypto was something that very few people knew about, I think we all would have done the same thing as Jeremy Sturdivant...
The Current Value
The bitcoin has experienced a roller coaster of prices: from being worth just 0.00076 dollars in its beginnings, to the present day where each bitcoin is trading around 69K, a real madness, and just like this story new stories can happen, and any of us can be the protagonists, and this is as interesting as exciting to think about the amount of BTC that this young man had in his possession....
That's why this day is so special for everyone, because Bitcoin Pizza Day teaches us that even seemingly insignificant decisions can have a lasting impact. Who would have thought that two pizzas would change the digital economy forever? So the next time you're faced with a choice, remember that it could be your personal "pizza moment."
Would you dare to spend your cryptocurrencies on a delicious pizza? Let me know in the comments as we have reached the end of this special article for today, thank you all for reading my content, I hope you have a very happy day, and leave a comment or a picture eating your slice of today's Pizza as a special celebration....
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I wonder if he spent all his BTC on those two pizzas or he keep a couple of thousands BTC for latter.
I don't think he spent it all, he must have kept a little bit that he would still sell them only a couple of years later when the BTC started to gain value.
It's a pleasure to see your comment here, I hope you have a happy day.