Imagine buying two pizzas for millions of dollars. Sounds crazy, right? But that’s exactly what happened on May 22, 2010, a day now celebrated as Bitcoin Pizza Day. This day marks the first time Bitcoin was used to buy something in the real world, a transaction that has become legendary in the world of cryptocurrency.

The Pizza That Started It All

Back in 2010, Bitcoin was a new and experimental digital currency, worth just a fraction of a cent. Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by paying 10,000 Bitcoins for two Papa John's pizzas. At the time, this was about $41. Today, when the price of a single BTC is $69,838, the transition cost is around $700 Million, making it the most expensive pizza purchase ever.




Source:
https://m.economictimes.com/markets/cryptocurrency/bitcoin-pizza-day-and-the-rise-of-crypto-commerce/amp_articleshow/110321112.cms