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Crypto Industry Celebrates Annual Bitcoin Pizza Day

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin Pizza Tesla

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Today marks the nine-year anniversary of the first ever reported transaction using Bitcoin to make a purchase. A Florida-based, early crypto supporter spent 10,000 BTC on two pizzas, making history through a mundane meal purchase. Since then Bitcoin price has grown exponentially and the asset has become a widely recognized name in the financial technology sector, and sparked the creation of an entire industry of competition cryptocurrencies, all vying for Bitcoin’s top spot.

On this ninth anniversary, across the crypto industry people are celebrating and looking back to honor the monumental event that may have set Bitcoin on its path to success some nine years ago.

Laszlo Hanyecz: Meet The Man Who Spent 10,000 BTC on Two Pizzas

On May 22, 2010, while Bitcoin was still virtually worthless and in its infancy, a Florida man named Laszlo Hanyecz, set out to make the first ever purchase using Bitcoin. The cryptocurrency wasn’t accepted anywhere at the time, so Hanyecz sought support through the BitcoinTalk forum he had been a member of.

Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble

There, Hanyecz corresponded with mysterious Bitcoin creator Satoshi Nakamoto and helped support the early development of the cryptocurrency. He also leveraged the community to find someone to agree to have two Papa John’s pizzas delivered, in exchange for 10,000 BTC.

“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day,” Hanyecz wrote.

Hanyecz was even willing to take a loss on the transaction, as the two pizzas valued at $25 cost him 10,000 BTC, which was valued at $41 at the time. But he had no idea of how much these pizzas would eventually cost him – as the 10,000 BTC would be valued at somewhere around $78 million today.

Crypto Industry Commemorates Bitcoin Pizza Day In a Variety of Ways

Across the crypto industry, respect is being paid to Hanyecz for the sacrifice he made nearly a decade ago. Without Hanyecz’s contribution to early Bitcoin development and usage, the crypto asset may never have been viewed as the means of transferring value it is today.

So… Pineapple🍍 on pizza 🍕?#BitcoinPizzaDay #MyBinance pic.twitter.com/wT6pNjqjST

— Binance (@binance) May 22, 2019

Binance is celebrating by sharing images on social media of two pizzas adorning the exchange’s logo.

Happy #Bitcoin Pizza Day(May 22nd). Create your own #TRONPizza with your imagination to win #TRX rewards. Click to know more about #TRON pizza campaign. $TRX https://t.co/Tvy6oFfU77

— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 21, 2019

Tron founder Justin Sun also is getting in on the celebration, offering up Tron supporters a way to customize their own Tron “pizza,” and users could be rewarded for their creativity.

https://twitter.com/Bithumb_Global/status/1131079045100130304

Bitthumb has shared an image of a scale, showing pizza and a “nice car” as an example of what Bitcoin could buy then versus today.

Have questions on our upcoming PrimeBTC sale for Bitcoin Pizza Day (AKA Prime Day) on May 22? Just want to know what to do? Try our handy user guide today. Details: https://t.co/2zrkWi8QS9$BTC #ItsPrimeTime pic.twitter.com/Kkp7xqnfXH

— HTX (@HTX_Global) May 18, 2019

HuobiGlobal is offering 50% off Bitcoin to commemorate Pizza Day, but requires a number of conditions be met.

9 years ago a guy called laszlo paid 10,000 bitcoins for 2 pizzas!

Original thread: https://t.co/iq3gl7qa86

Value today: $80,000,000 🍕🍻

Happy bitcoin pizza day! pic.twitter.com/hmEqIqm9Pl

— Crypto฿ull (@CryptoBull) May 22, 2019

And of course, even everyday crypto investors and traders are showing their appreciation for the historic crypto event.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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