How Bitcoin Pizza Day Resembles Festivus Today

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Bitcoin Pizza Day. The fabulous event that takes place once each year on May 22. I won’t bore you with all the details. Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas in what’s widely believed to be the first transaction of bitcoin for a physical good.

Let’s put some dollar value on this transaction.

  1. The two pizzas together were roughly valued at $41 at the time based on the amount of bitcoin paid.
  2. The bitcoin price hit an all-time high of $68,990. At 10,000 BTC, that’s a $689,000,000 windfall at an all-time high.
  3. That’s an astonishing $43,000,000 (approximately) per pizza slice (assuming 16 slices)!

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