What is bitcoin Pizza Day?

As a celebration, Bitcoin Pizza Day is appropriately named. The occasion commemorates an early cryptocurrency adopter who bought two pizzas using bitcoin on May 22, 2010. This was the first time anyone was reported to have to used bitcoin to buy physical goods (that we know of).

Can you buy a pizza with Bitcoin?

Since May 22, 2010, the Bitcoin community has grown and developments have been made that allow you to buy a pizza using Bitcoin on the lightning network today, with transaction costs reduced to cents on the dollar.

When was the first bitcoin transaction?

The first Bitcoin real-world transaction occurred on May 22, 2010, a date known to Bitcoin enthusiasts as Bitcoin Pizza Day. Laszlo Hanyecz paid 10,000 BTC to have two Papa Johns pizzas delivered to him. The pizzas retailed for about $25. At the peak of Bitcoin's pricing in 2021, the two pizzas would have been worth $630 million.

Did Jeremy Sturdivant trade a pizza for bitcoin?

On May 22, 2010, Jeremy Sturdivant (above) traded two large pizzas for 10,000 Bitcoins from Laszlo Hanyecz — a transaction that would come to inspire the annual Bitcoin Pizza Day celebration. The tale is now the stuff of bitcoin legend.