Bitcoin and the "luxury" Pizza

The booming season of Bitcoin has arrived, Bitcoin has reached a new record high, 1 BTC has surpassed 80,000 USD, becoming hot news for every media outlet and the gossip of everyone. It didn't take much time for newcomers and new capital to flood into this market.

Now with 1 Bitcoin you can buy a house, exchange for a luxury car... But in the early days, someone spent 10,000 BTC to buy 2 pizzas, meaning that if assessed at the current value, 1 pizza is worth more than 200,000,000 USD!

On May 22, 2010, Mr. Laszlo Hanyecz living in Florida posted on Bitcointalk about wanting to exchange 10,000 BTC for 2 pizzas. Shortly after, someone accepted and ordered him 2 Papa John's pizzas. But at that time, 10,000 Bitcoin was worth about 41 USD. Not long after, Bitcoin skyrocketed, news about Bitcoin and the new technology - Blockchain exploded in the United States, and the exchange event of Laszlo Hanyecz became a legend in the development history of Bitcoin - Bitcoin Pizza day.

Exchanges, trading, and commerce are essential for the currency to develop. Or to be more precise, it is the community that uses that currency. The purchase of those 2 pizzas only cost about 25 USD, so the pizza seller made a profit, Laszlo Hanyecz got what he needed, everyone was happy. No one could predict that Bitcoin would grow, the future is always a mystery. Bitcoin = 80000 USD, Bitcoin = 1 million USD... or Bitcoin = 1 USD. Anything could happen.

But currently, 1 Bitcoin = $BTC

Author: Kahan Nguyen