Bitcoin Pizza Day

What does Bitcoin Pizza Day mean?

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Bitcoin Pizza Day is a yearly event that celebrates the first known purchase of a real-world item using Bitcoin. The event is held every year on May 22 to commemorate the day when a programmer named Bob Smith bought two pizzas using 10,000 Bitcoin back in 2010.

At that time, Bob’s 10,000 Bitcoins were valued at only $41. Interestingly, the person who sold Bob his pizzas (from Papa John’s, no less) charged $25, which means Bob only overpaid by about $16.

However, the value of Bitcoin has skyrocketed since then. Today, those 10,000 Bitcoins that Bob used to buy pizzas would be worth around $544,184,000. Despite this, Bob still stands by his decision to trade his Bitcoins for some tasty pizzas.

How do people celebrate Bitcoin Pizza Day? Typically, by enjoying some pizza! Some Bitcoin users even try to pay for their pizzas using Bitcoin, although the current transaction fees for Bitcoin can make the cost of buying a pizza nearly as high as the price of the pizza itself.

Example for using ‘Bitcoin Pizza Day’ in a conversation

Hey, did you know today is Bitcoin Pizza Day? 🍕🎉

Really? What’s that? 🤔

It’s a celebration of the first time someone used Bitcoin to buy real pizza! 🍕😄

Oh, that’s cool! When did it happen? 🗓️

Back in 2010, on May 22. A programmer bought two pizzas for 10,000 Bitcoin! 😮

Wow, that must have been cheap! How much were those Bitcoin worth then? 💰

Surprisingly, back then, they were only worth $41. The pizzas cost around $25. 😅

That’s quite a deal! But what about now? How much are those Bitcoin worth today? 💸

Crazy, right? Now they’re worth around $544,184,000! But hey, pizza is priceless! 😋

Haha, true! Let’s celebrate Bitcoin Pizza Day by enjoying some delicious pizza! 🍕🎉