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How Bitcoin Pizza Day Resembles Festivus

Bitcoin Pizza Day. The fabulous occasion that takes place as soon as annually on May 22. I will not bore you with all the small print. Laszlo Hanyecz paid 10,000 BTC for 2 Papa John’s pizzas in what’s broadly believed to be the primary transaction of bitcoin for a bodily good.

Let’s put some greenback worth on this transaction.

  1. The two pizzas collectively had been roughly valued at $41 on the time primarily based on the quantity of bitcoin paid.
  2. The bitcoin value hit an all-time excessive of $68,990. At 10,000 BTC, that is a $689,000,000 windfall at an all-time excessive.
  3. That’s an astonishing $43,000,000 (roughly) per pizza slice (assuming 16 slices)!

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