It is nothing new to see unusual things linked together on the internet. Every day, people prove that the internet is a large and weird place to get lost in. So, did you know that Bitcoin Pizza Day is an actual event? No? Well, me neither. Apparently, the world comes together every year to celebrate someone buying pizza with Bitcoin. Let’s dig in to find out more.
What Is Bitcoin Pizza Day?
Bitcoin Pizza Day is an event that people celebrate annually on May 22nd. The event is the anniversary of the first real-world Bitcoin transaction. On May 22, 2010, Laszlo Hanyecz, a programmer, exchanged 10,000 BTC for two pizzas. Back then 10,000 BTC was worth $30 unlike its value now which accumulates to a whopping $293,290,000.
Why Do People Celebrate It?
The transaction made on this day is considered a moment of heavy importance in Bitcoin’s history. It showcases that Cryptocurrencies can be used for transactions in the real world and it fired worldwide interest in the potential of Blockchain technology.
Bitcoin Pizza Day serves as a reminder of the early Bitcoin days to the community. And the significant growth of technology and the community. It is also a reminder of the need to continue creating and updating the technology to make it more accessible for users and widely adopted by people around the world. All in all, Bitcoin Pizza Day is a celebration of the potential to transform how people view and interact with money.
Lastly, Bitcoin Pizza Day became a significant annual holiday in the community. And every BItcoin enthusiast makes sure to celebrate May 22nd to the fullest. Binance throws a celebration of some kind every year to commemorate the date. In 2022, they opened a pop-up pizza shop in Cannes, France where people participated and made their own pizzas. Furthermore, this proves that Crypto investments can be useful in the real world and most importantly users can cash out their investments if they need to, unlike how many people worry about Cryptocurrency investments.