In the cryptocurrency market, there is a day that is celebrated and it is called Bitcoin Pizza Day. If you are not unaware of the first Bitcoin transaction that ever existed, the name is very clear. The Bitcoin Pizza Day is celebrated every year on May 22nd since that is the day when the first Bitcoin transaction took place in which a Florida man made two pizzas with cryptovurrency.
Why this is so remarkable is the reason why he spent 10,000 Bitcoins buying those two pizzas that will come to over $480 million if you value them now. This is obviously not a small sum, and the person who actually ordered the two pizzas would never have had any idea that the prices would go up that way. It was back in 2010 when this first Bitcoin transaction occurred and as a memory of the first Bitcoin transaction ever, May 22 is still celebrated as the Bitcoin Pizza day.
On May 22, 2010, Laszlo Hanyecz paid a total of 10000 Bitcoins for a delivery to Papa John's Pizzas. This transaction occurred in Florida.
Hanyecz also said that for 10,000 Bitcoins, he would order 2 big pizzas so that he had some left over for the next day. This was the transaction's beginning. In return for the Bitcoins he had, what he wanted was to have his two pizzas shipped and that's why he contacted the bitcoin talk forum at that time. I really didn't want to cook it on my own and he just wanted the cooked food at a restaurant or something like a 'breakfast platter.' He said those words, and after receiving the delivery of the two pizzas in return for 10,000 Bitcoins, he was really pleased.
A British man actually accepted Hanyecz's bid and purchased two pizzas and delivered them to his home in exchange for 10,000 Bitcoins. These were the days when Bitcoins were not regarded as commonly as a payment system, which is why this transaction, like every other barter transaction, occurred.
The price of 10,000 Bitcoins was very close to $41 around May 2010. Technically, as he only paid $25 for the pizzas when the price of the Bitcoins was $41, the British divers profited.
The price of Bitcoins began growing rapidly after this transaction was carried out. It was the most common cryptocurrency token called Bitcoin, not for the specific transaction, but for all the business developments and the evolution of the cryptocurrency market that contributed to the price rise. Bitcoin values hit equilibrium with the US dollar, when the price of 10,000 Bitcoins was exactly $10,000. After the purchase, it was only nine months.