Bitcoin Pizza Day
New Economies
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New Economies -
Bitcoin Pizza Day. The fabulous event that takes place once each year on May 22. I won't bore you with all the details. Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas in what’s widely believed to be the first transaction of bitcoin for a physical good.
Let's put some dollar value on this transaction.
The two pizzas together were roughly valued at $41 at the time based on the amount of bitcoin paid.
The bitcoin price hit an all-time high of $68,990. At 10,000 BTC, that's a $689,000,000 windfall at an all-time high.
That's an astonishing $43,000,000 (approximately) per pizza slice (assuming 16 slices)!
How many of you are willing to tell your partner or family that you could have made it, but you ate a $43-million-per-slice Papa John’s pizza instead to make history. "Fuhgeddaboudit!"
Anyway, it's a joyous time in the community to come together and celebrate the strides Bitcoin has made.