May 22nd is Bitcoin Pizza Day
In the cryptosphere, May 22nd is known as the annual Bitcoin Pizza Day.
What is Bitcoin Pizza Day?
The yearly celebration is held in honor of Laszlo Hanyecz, who used Bitcoin to pay for two Papa John’s pizzas in 2010.
This payment is widely considered to be the first known real-world transaction using Bitcoin.
The May 22nd anniversary of that payment is celebrated annually as Bitcoin Pizza Day.
Laszlo paid 10,000 BTC for the pizza…
No, he wasn’t an insane billionaire: 10k Bitcoin was only worth around $25 at the time.
Fast forward to today, however, and that 10,000 BTC would now be worth around $82 million.
When you consider that those pizzas cost $41 million each at today’s prices, it highlights Bitcoin’s astronomical growth.
Despite market volatility, Bitcoin has grown 327999900% since those famous pizzas were purchased.
The transaction also signals the growth of merchant adoption, with thousands of businesses now accepting Bitcoin and other digital currencies in exchange for goods and services.
Celebrating Bitcoin Pizza Day
A number of companies are celebrating Bitcoin Pizza day, including Nano wallet manufacturer Ledger.
Ledger has launched a limited edition version of their Nano S today to commemorate Bitcoin Pizza Day.
The wallet has red coloring instead of its usual black-and-steel look to reflect Pizza Day.
The product’s packaging is customized with Laszlo’s Pizza branding and signed by Ledger’s employees.
Hardware wallets in the limited edition run are restricted to 1337 units.
Speaking about the wallet release with his name, Laszlo himself said:
“Bitcoin was just a fun hobby project for me 8 years ago.
“When I paid 10,000 BTC for two pizzas I had no idea that Bitcoin would eventually become as popular as it is today, with people using it for real world transactions every day.”
Ledger says that Bitcoin and cryptocurrency adoption will only increase in the future, saying:
“…our most exciting and significant work may be ahead of us.”