What is Bitcoin Pizza Day & why is it important?

Hello friends,
It's another day of the week and today I want to share with us a very interesting article that many of you may have had an idea about before though it may not be in detail or simple to understand as I will be explaining it here. So, please read till the end and see what I have for you, dear friends.

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I believe most of us may have heard of Bitcoin Pizza Day. As a student who is always eager to learn more, I did a little research about this since Bitcoin was the first-ever crypto asset used in the world.

What is Bitcoin Pizza Day

Bitcoin Pizza Day & why is it important, is what we will be looking at today in this context. Firstly when we say Bitcoin Pizza Day what do we mean by that? Let's explain this better in the next paragraph of this article for a better understanding.

In the year 2010 exactly on 22nd May, a certain programmer named Laszlo Hanyecz performed the first ever real Bitcoin transaction where he bought two pizzas with 10,000 BTC this means that each pizza was sold for him at the rate of 5,000 BTC.

It is also important to mention here that at the time he carried out this transaction, the 10,000 BTC was around about $30 which means he bought each pizza for about $15 during that time or on the very day.

So today, we have seen Bitcoin price at around $66,000 for each one which means that the transaction that was carried out by Laszlo Hanyecz on 22nd May 2010 is equivalent to about $660,000,000 today.

Indeed that is crazy 🤣 I guess but it happened and for that reason, we have such a day to celebrate and remember how Bitcoin was first used for real transactions also we are going to look below why this day is very important for all the crypto community.

Why is Bitcoin Pizza Day important?

One may ask how is this day important for him or her as a crypto lover. Well, the answer to that question is not far-fetched. As a crypto lover, this day is important to you and me because it was the day that crypto i.e. Bitcoin was used for the first real transaction in life.

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Before that time cryptocurrency or Bitcoin had not been used for a real-life transaction i.e. Bitcoin has not been used to exchange for another thing before. So with that, the world was attracted to Bitcoin and blockchain technology, and then people discovered that there were other means of transactions aside from our local fiat or trade by barter format.

In the world of crypto, this day reminds us of the early beginnings of the journey of cryptocurrency. How the coin has moved to its all-time high of about $66,000 for each one. It is a wonderful growth 📈 and I believe we are still going ahead.

This very day also shows that there has been much improvement in blockchain technology over the years. Before now mining ⛏️ and accumulating assets was only done with sufficient tools but today you can mine tokens just by tapping on your telegram application.

So there is much improvement in the blockchain and cryptocurrency sector which has given room for thousands of coins in circulation at the time of writing this article. Every day new project comes in because of what happened in the transaction of the pizza shop on the 22nd of May.

Also during this period, you will notice that many trading platforms are launching programs where giveaways are given to those who qualify for them. It is like celebrating the birth of crypto in the real world.

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From the images above you can see some of the programs handled by some of the exchanges and also you will notice the listing of many coins during this period and that is why I said it is like the birthday of crypto assets.

We saw recently how people made good money from NOTcoin launching and that is how it will continue throughout this period. We will be seeing more opportunities and more coins coming into the market. So position yourself for more opportunities as we approach Bitcoin Pizza Day.

Conclusion

Bitcoin Pizza Day is the day all crypto lovers will always remember because the first ever real transaction was carried out on this very day. It was on this day that blockchain technology drew the attention of the world. We say the amount which 10,000 BTC was worth at that time and we have seen the amount it is worth today.

This means that the crypto asset is the future and we are still going to see more movement in the price of Bitcoin and other altcoins including our dear Steem token. It was because of this day that we are here today as Steemians because we can now exchange Steem for fiat and also buy things with it.

Finally, I want to thank you all for reading through my post today. If you have any questions or contributions, please do well to use the comment section of this post. See you all in my next publication.

Disclaimer: ^{This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your research and consult a financial advisor.}

NB: All images except otherwise stated are mine and taken from my exchange 💱.