264 Crore Rupee Pizza! Spent 10K Bitcoin in Year 2010 is equal to 264 Crore in year 2021 ! The Bitcoin Pizza Story
Hanyecz is known as the first person to use bitcoin in a commercial transaction. On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 bitcoin ( less than 5 indian Rupee). The day is now known as “Bitcoin Pizza Day.” In year 2021 , the same cost of that bitcoin is around 264 Crore Rupees (1 bitcoin Approx 30-35 Lakh during May 22 2021).
Photo Credit : https://otakukart.com/laszlo-hanyecz-net-worth/
May 22 is known as Bitcoin Pizza Day, marking the 11th anniversary date where in 2010 a Florida man Laszlo Hanyecz paid for two pizzas with the cryptocurrency. Hanyecz is also the first person to use bitcoin in a commercial transaction.In May 22, 2010, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas.
Since then, Hanyeczs’ pizzas have got more and more expensive. Nine months after the purchase, Bitcoin reached parity with the US dollar making the two pizzas worth $10,000, while in the year 2015, the two pizzas were valued at $2.4 million.
On its 11th anniversary in 2021, bitcoin price reached a high of $63,000. So, the two pizzas were worth $630 million.