Bitcoin Pizza Purchase Now Worth $1.1B
In a historic moment for cryptocurrency, a single pizza purchase in 2010 has become the most expensive pizza order ever, now valued at over $1.1 billion in Bitcoin. The transaction, made by programmer Laszlo Hanyecz, marked a significant milestone in Bitcoin's journey to becoming a legitimate means of payment.
In May 2010, Laszlo Hanyecz, a Florida-based software engineer, made history by purchasing two pizzas from Papa John's using Bitcoin. At the time, the transaction cost him 10,000 Bitcoin, with each coin priced at a mere $0.004, totaling $41 for the entire order. Today, those same 10,000 Bitcoin are worth over $1.1 billion, with Bitcoin's price soaring to $111,000 per coin.
The pizza purchase, often referred to as the 'Bitcoin Pizza Transaction', played a pivotal role in establishing Bitcoin's credibility as a medium of exchange. It demonstrated that Bitcoin could be used to buy real-world goods and services, marking a turning point in its evolution.
The Bitcoin Pizza Transaction, now worth over $1.1 billion, serves as a stark reminder of Bitcoin's astronomical rise in price. Laszlo Hanyecz's pioneering purchase not only treated him to a couple of pizzas but also paved the way for Bitcoin's widespread acceptance as a legitimate form of payment.
