Key Takeaways:
Laszlo Hanyecz made the first commercial Bitcoin transaction on May 22, 2010, buying 2 pizzas for 10,000 BTC.Valued at $41 then, those 10,000 BTC are now worth over $770 million, proving massive Bitcoin market growth.Having spent over 100,000 BTC, Hanyecz has no regrets; his 2010 trade will next inspire future BTC users.“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!”
While Hanyecz was suggested to exchange these bitcoins for their worth – $41 at that time, but over $770 million now- and purchase the pizzas by himself, he declined. At last, another forum participant, Jeremy Sturdivant, fulfilled his request on May 22, 2010, and the transaction became legend.
Finally, Hanyecz withdrew his offer after the amount to be claimed rose to $600. “Well I didn’t expect this to be so popular but I can’t really afford to keep doing it since I can’t generate thousands of coins a day anymore. Thanks to everyone who bought me pizza already but I’m kind of holding off on doing any more of these for now,” he said on August 04, 2010.
