Although there are still many people who do not understand what Bitcoin is and how cryptocurrencies work in general, the truth is that many years have passed since the first commercial transaction with Bitcoin was made.
Today marks 14 years since the event that gave life to this commemoration known as Bitcoin Pizza Day, which has remained in history as evidence of what was the beginning of a new era: crypto assets.
Buying 2 Pizzas cost him 10,000 Bitcoins
The story dates back to May 22, 2010, when Bitcoin was just becoming known among a small group of technology enthusiasts.
Excited to try out what the experience of “exchanging” an internet currency for something physical would be like, the programmer Laszlo Hanyecz, from Jacksonville, Florida, offered 10,000 Bitcoin in a “nerd” forum for anyone who would deliver him two pizzas.
On the other side was Jeremy Sturdivant, another technology enthusiast curious about what at the time seemed like an internet experiment, who accepted the offer. This is how the call was born Bitcoin Pizza Day.
In economic terms, those 10,000 Bitcoin were equivalent to $41 dollars at that time. What neither of them suspected was that Today they would cost around $700 million dollars.
Sturdivant did not keep the 10,000 Bitcoin either, he spent them on video game platforms of the time. Although unfortunately for them, despite being pioneers, they did not get much involved in the market, at the time they both did the right thing, reintegrating those digital assets into the economy and taking advantage of the initial promise that few believed: being able to convert that nascent cryptocurrency into other goods. or services.
Despite its volatility, if there is one thing we have seen over the years, it is that Bitcoin has positioned itself as the most popular cryptocurrency in the world. This year it even reached a milestone after the SEC approved 11 exchange-traded funds (ETFs) linked to the spot price of bitcoin.
