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Meet Laszlo Hanyecz who bought $700 million worth of pizza
Laszlo Hanyecz is famous for purchasing two pizzas for 10,000 Bitcoin (BTC), which is now worth $700 million. Bitcoin Pizza Day marks the purchase of a one-of-a-kind pizza. It also points to the widespread adoption of Bitcoin over the past fourteen years.
Today, Bitcoin is hovering around $70,000 per coin up from $41 in 2010, an astronomical increase as the asset’s value has risen to mainstream financial ecosystems.
Who is Laszlo Hanyecz?
Laszlo Hanyecz, a software developer and early adopter of Bitcoin, made his name in history when he purchased two Papa John’s Pizzas on May 22, 2010. Aside from the current value of the transaction, it is known as the first known commercial transaction Of Bitcoin.
“I’ll pay 10,000 bitcoins for a couple of pizzas… maybe two large ones, so I’ll have some left over for the next day. I love having leftover pizza to munch on later. You can make the pizza yourself and bring it home or order it from a delivery location, but my goal is to have food delivered in exchange for bitcoin.”
Hanyecz is a British man who resides in Florida, USA, and has since made other major Bitcoin transactions. Over the years, he has spent around $100,000 BTC, which today is equivalent to a fortune, which would have placed him among the top whales.
In a 2019 interview, Laszlo Hanyecz explained that dwelling on recent values would be counterproductive, adding that the move made the resource real for people. In the years to come, Bitcoin its value has increased dramatically, exceeding its historical highs.
Bitcoin Pizza Day
Bitcoin Pizza Day it is celebrated to remember the historic purchase of Laszlo Hanyecz and the modern developments of the property. Crypto firms and pizzerias have widely embraced the celebration and are offering discounts on purchases.
Several users within the crypto community reflect on the asset’s growth, with bulls predicting further runs as sentiments rise. Hanyecz also made it possible for more people to run networking software after translating the code into Apple’s operating system.
Read also: Ethereum Meme Coin Earnings: Will Flows Sustain?
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.