Bitcoin pizza day turns 12

Twelve years ago, bitcoin pizza day took place. What is it exactly? BFM crypto takes stock.

On Sunday, exactly twelve years ago, a famous event in the cryptocurrency ecosystem took place: bitcoin pizza day. A little throwback…

Creation of bitcoin in 2009

Bitcoin, the queen of cryptocurrencies, has risen to prominence in the space of a few years. The cryptocurrency was created in 2009 by a certain Satoshi Nakamoto, who remains anonymous to this day. Twelve years ago, on May 22, 2010, cryptocurrencies remained in the experimental field, they had just been born and bitcoin was unofficially worth 41 dollars. Unofficially, because there wasn’t really a market, and nobody was interested.

10,000 bitcoins for 2 pizzas

At that time, Laszlo Hanyecz, an American decided to post an ad on an internet forum. The latter offers to pay 10,000 bitcoins to whoever wants to order two take-out pizzas from the Papa Johns chain, with lots of ingredients on them. This is the very first bitcoin transaction to buy something that has been listed in this way. It’s quite a symbol.

Now, if we go back to 2022, despite the crypto crash of two weeks ago, this pizza is still worth just a little over $300 million, since bitcoin is slightly above $30,000. For its part, ether, which is now used instead to buy NFTs (non-fungible tokens), is still above 2000 dollars.

The two cryptocurrencies therefore remain above the two important thresholds of the moment, but we see no impetus to go higher.

Antoine Larigauderie with Pauline Armandet

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