Today marks the eight-year anniversary of Bitcoin Pizza Day. On this day, in 2010, a Bitcoin enthusiast used Bitcoin to purchase two pizzas at the price of 10,000BTC. At todays price of $8,267.85 per Bitcoin, these two pizzas would now be worth an incredible $41,339,250.00.
If that doesn’t mark the amazing progression of Bitcoin, nothing will.
Let’s just hope that that price, the guy who bought the pizzas got extra Pineapple, because as we all know, Pineapple DOES belong on pizza.
According to Finance Magnates, the buyer of the Bitcoin Pizzas, Laszlo Hanyecz spoke to the New York Times last year, stating that:
“It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big.”
The #Bitcoin pizza is worth $83,131,600 today. (-2% from yesterday) Today is Bitcoin pizza day!
— Bitcoin Pizza ? (@bitcoin_pizza) May 22, 2018
Usefully, Bitcoin Pizza does have its own Twitter page, which can be used to creatively analyse the price of the Bitcoin Pizzas, in turn informing us of Bitcoins progression.
For example, on the 28th of December, the Bitcoin Pizzas where worth $145,800,750.00 for the two of them. Further enhancing the point that even with the lower values we are seeing today, since 2010, Bitcoin has made the most inspiring and fantastic progression.
Okay, what is the point of all this?
This acts as a reminder of not only Bitcoin’s history, but also of Bitcoin’s potential to grow. In times like these when the markets seem to be sluggish, we must remember that eventually, things will flip round and that eventually Bitcoin, and the Bitcoin Pizzas will see some enhanced values soon enough.
Bitcoin Pizza is a novel cultural phenomenon that serves as a hot, and frankly cheesy reminder of where we are heading as a community. This time next year, the price of the Bitcoin Pizzas will be very different again. No matter what happens, remember things can change in an instant.
Long live the Bitcoin Pizza!