May 22nd is recognized in the Cryptoworld as Bitcoin Pizza Day, marking the thirteen-year anniversary of the initial BTC transaction. It's an unfortunate trade indeed! The tale has become legendary not because of the transaction itself, but due to the 10,000 Bitcoins spent on two pizzas. Even at a low price, those pizzas are now valued at over £75 million.May 22nd is recognized in the Cryptoworld as Bitcoin Pizza Day, marking the thirteen-year anniversary of the initial BTC transaction. It's an unfortunate trade indeed! The tale has become legendary not because of the transaction itself, but due to the 10,000 Bitcoins spent on two pizzas. Even at a low price, those pizzas are now valued at over £75 million.

In 2010, Laszlo Hanyecz initiated a discussion on the bitcointalk forum, agreeing to exchange 10,000 Bitcoins for two pizzas delivered by Papa John's. Little did he know this transaction would become a significant part of Bitcoin's history. The person who accepted Hanyecz's offer received the 10,000 Bitcoins. At that time, the transaction was considered a great deal, as 10,000 Bitcoins were worth approximately $41 while the pizza bill amounted to $25.

Since then, the value of Laszlo's pizzas has soared. Within nine months, Bitcoin's value reached parity with the U.S. dollar, making the pizzas worth $10,000. By 2015, their value had skyrocketed to $2.4 million. Currently, with Bitcoin hovering around $9100, those pizzas are worth over $90 million.

Despite the transaction being "unofficial" and not involving direct payment to the restaurant, it holds the distinction of being the first BTC transaction in history. Laszlo Hanyecz granted his first television interview to Anderson Cooper, who asked if he ever wakes up at night regretting that he could have had $800 million instead of buying those pizzas. Laszlo admitted that dwelling on such thoughts was not healthy for him. In a later interview with The New York Times, he mentioned that Bitcoin had little value at the time, and the concept of trading cryptocurrency for pizza was incredibly exciting.

Nevertheless, that transaction revolutionized the world of payments, serving as the first step in the evolution of cryptocurrency and bringing BTC closer to everyday transactions like buying coffee from Costa or breakfast from Subway.

Wishing everyone a happy Bitcoin Pizza Day, and let's hope that in ten years' time, we won't be remembered in folklore as the individuals who sold their BTC for £7,500 instead of £75,000. Even if this prediction becomes a reality in 2030, by then, Laszlo's pizzas will be worth £750 million.

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