Today, May 22nd, 2024, commemorates the 14th anniversary of Bitcoin Pizza Day, a significant event that immortalized Laszlo Hanyecz in the cryptocurrency industry. In 2010, Hanyecz, a programmer from Florida and early Bitcoin user, made history by purchasing two Papa John's pizzas for 10,000 BTC. At that time, 1 BTC was valued at $0.0041, totaling $41 for the pizzas. Since then, Bitcoin's value has soared, now exceeding $70,000. Hanyecz's pizza transaction symbolizes Bitcoin's practical use as a medium of exchange, emphasizing the importance of real-world applications for network success. The industry reflects on this milestone, acknowledging Bitcoin's remarkable growth, including the approval of spot Bitcoin ETFs and the halving event. Despite progress, caution is advised due to the rise of malicious actors exploiting meme coins to deceive investors, although the current year has seen a decrease in such activities. Read more AI-generated news on: https://app.chaingpt.org/news