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- Laszlo, one of the earliest bitcoin adopters, spent roughly $41 in 2010 to purchase two pizzas
- He said Bitcoin was destined to get big, although he did not have a single clue then
- Crypto class market capitalization at its peak was $2.5 trillion
The crypto community widely celebrates May 22 as Bitcoin Pizza Day. Eleven years ago, on this particular day, Laszlo Hanyecz purchased Papa John’s Pizza using 10,000 Bitcoin tokens.
World’s First Real Crypto Transaction Made 11 Years Ago
Laszlo, one of the earliest bitcoin adopters, spent roughly $41 in 2010 to purchase two pizzas. However, those 10,000 BTC is worth $380 million at the present day. Bitcoin is the first-ever cryptocurrency used to buy something tangible technically. Looking back 11 years ago, Bitcoin unquestionably has come a long way. Currently, it is the cryptocurrency that has enhanced the mainstream adoption of cryptocurrencies as a whole. Despite a recent 40% crash in its value, Bitcoin continues to remain the most popular cryptocurrency.
Laszlo Happy That he was a Part of Early Bitcoin History
However, Laszlo, the first person to make a real-world transaction using bitcoin, says that he has no regrets spending 10,000 BTC on two pizzas that could be worth millions of dollars today. He adds that it is significant that he got to be a part of early bitcoin history and currently has a day after him in the crypto community. In an interview, he said that he thinks that Bitcoin destined to get big, although he did not have a single clue then.
Cryptocurrency has received the colossal spotlight over the last few months. Considering the bull market a few months ago, several cryptocurrencies reached their all-time highs, and at its peak, the class market capitalization was valued at $2.5 trillion. This was a little over Apple’s market cap. Many cryptocurrencies emerged, including the infamous Dogecoin, which appreciated by 7000% through Elon Musk’s support. However, during mid-May, the crypto market crashed, and several cryptos affected.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
