The story of one individual spending 10,000 Bitcoin (BTC) back in 2010 to purchase 2 pizzas is now a legendary tale within the community, and is often posed as a reminder that investors should hodl.
May 22 is now celebrated as Bitcoin Pizza Festival in honor of the day when programmer Laszlo Hanyecz posted on the Bitcoin Forum that he would offer 10,000 BTC for 2 Papa John pizzas. Another user on the forum took him up on the offer, purchased the pizza on his behalf, and consequently received the tokens.
The two pizzas were worth $40, and Bitcoin’s initial price was $0.004. 10,000 Bitcoins are now worth about $80 million.
May 22 is now celebrated as Bitcoin Pizza Festival in honor of the day when programmer Laszlo Hanyecz posted on the Bitcoin Forum that he would offer 10,000 BTC for 2 Papa John pizzas. Another user on the forum took him up on the offer, purchased the pizza on his behalf, and consequently received the tokens.
The two pizzas were worth $40, and Bitcoin’s initial price was $0.004. 10,000 Bitcoins are now worth about $80 million.
