Today, May 22nd, the cryptocurrency community celebrates the 10th anniversary of Bitcoin Pizza Day. Exactly ten years ago, Laszlo Hanekes, a programmer from Florida who also contributed to the development of the Bitcoin source code in the past, made the first documented purchase of physical goods with Bitcoin.

Wrote Haneke’s at the BitcoinTalk Forum on May 22, 2010:

I just want to report that I successfully traded 10,000 bitcoins for pizza.

10 years ago, Laszlo Hanicz owned tens of thousands of bitcoins he had just mined causing a hole in his pocket. He also had a craving for pizza. The rest… it was history. pic.twitter.com/Nd8uFHoIBx

Read:The digital currency “Dogecoin” rose by 120% and anticipation of the beginning of the altcoin season

– Jameson Lopp (lopp) May 22, 2020

He posted several pictures of the pizza he had bought.

The massive bitcoin purchase was an effort by Laszlo to demonstrate and demonstrate the concept that bitcoin was designed to function like any other fiat currency and have value.

Ten years after the Bitcoin-buying pizza incident, the total market capitalization of the crypto industry is now over $254 billion, and the crypto community is still celebrating this historic purchase of two pizzas with a whopping amount of Bitcoin.

It is difficult to say exactly how much 10,000 bitcoins were in May 2010 as a few different sources suggest they were worth between $25 and $41.

But today, 10,000 bitcoins are worth about $91 million and were twice that in late 2017, when bitcoin hit $20,000.

10 years ago, 2 pizzas were worth 10,000 #BTCAnd the

Today, 2 pizzas equal 0.005 #BTC.

This is a 200,000,000% increase over 10 years. Let it sink in.

happy #BitcoinPizzaDay! pic.twitter.com/xz9UT0hQFt

Read:Can the Telegram network compete with the Ethereum blockchain?

– CZ Binance 🔶🔶🔶 (cz_binance) May 22, 2020

In May 2018, Laszlo stated:

I like to think what you did helped me.

I think if it wasn’t me, someone else would have come and done the same thing. It might not be pizza, maybe anything else.

But I think Bitcoin was destined to get big.

I didn’t know everything about Bitcoin at the time, I mean I was only dealing with it for a couple of months, and I thought how to mine it, and I actually mined it with my GPU and so I got all these bitcoins that I was kind of giving up.

He also stated that he did not regret the purchase.

That wasn’t the only thing Laszlo spent on bitcoin.

Bitcoin Pizza Day: 10 years ago, a programmer bought two Papa John’s pizzas for 10,000 BTC dollars.

that 10000 BTC dollars It was worth $30.

Today that 10000 BTC dollars It is worth $91 million.

Read:Bitcoin price trades below $48,000 as $6 billion options contracts expire

So think carefully before using Bitcoin on demand today..pic.twitter.com/4GLOb9sfKR

– Luke Martin (@VentureCoinist) May 22, 2020

According to the 60 Minutes share, Laszlo spent about 40,000 bitcoins in total at the time — worth $364 million today.

This sounds like a huge sum but Laszlo has taken advantage of it in his fame, glorifying the 22nd of May in the crypto community as “Bitcoin Pizza Day.”

Read also:

Domino’s Pizza launches a new competition and offers its prizes in Bitcoin (BTC)

In an interesting report: Where do users spend their cryptocurrency?