The Mystery Behind Bitcoin Pizza Day

After the first person make a commercial purchase using Bitcoin in 2010, the day became a remarkable one just because of what become of Bitcoin years after.

Every 22 of May in the calendar year is a day to remember in the Crypto space after 10,000 Bitcoin were used to purchase Pizza. In case you are new to Crypto, the importance of its introduction to the world is to engage in financial transactions without exclusively relying on banks or governments and bitcoin is the first Cryptocurrency to be introduced.

Laszlo Haynecz and Bitcoin

Bitcoin was 0.003$ in May 2010 and in other to make a commercial purchase through Bitcoin, a Floridan programmer called Laszlo Haynecz made an announcement on Bitcointalk.org, that he was offering 10,000 Bitcoin for John Pizza and it took 4 days as he had trouble finding anyone who would accept his offer. A 19-year-old named Jeremy Sturdivant then stepped up and took Hanyecz up on his offer and the deal was sealed. At the time of the deal, the value of those 10,000 Bitcoins was just $41. As the year goes by, Bitcoin's value become huge and people started to refer back to the first event of commercial purchase carried out by Laszlo Haynecz.

Let's do some analysis at this point.

Bitcoin today sits at $26,121 per one, should Laszlo still hold his 10,000 BTC, it would have been worth more than $267.91 million today, which means a profit of 638,017,519.05%.

The shocking thing about this story is, Laszlo Hanyecz doesn’t have any sleepless nights about spending that money, despite individuals and interviewers persistently asking him if he regrets his choice. Does this mean that he's very rich that more than $267.91 million more than $267.91 million does not make any meaning to him? Well, he probably considers himself to be kind of a Bitcoin pioneer, thus he doesn’t regret spending those bitcoins.

Friends, the #cryptocurrency adoption is increasing daily, do well to position yourself well and remember to hodl a piece of #bitcoin because you don't know what can become of that little piece you are holding in the next few years.

Happy Bitcoinpizza day

Posted Using LeoFinance Alpha