Good Morning Everyone,
Yesterday May 22nd, was bitcoin pizza day. The story goes that on this day 12 years ago a person by the name of Laszlo Hanyecz made it known on an internet forum called bitcointalk.org, that he was willing to purchase 2 large pizzas for 10,000 bitcoin.
At the time the value of the bitcoin was $41.
Four days later, the transaction took place. Jeremy, another user on the forum took Laszlo up on his offer, and had two large pizzas delivered to him in Florida in exchange for the bitcoin. This day has since been known as bitcoin pizza day, as it signifies the first documented purchase using bitcoin.
It’s obviously pretty wild to think about in hindsight, and given what is now known.
Someone has created a cool little site called bitcoinpizzaindex.net to track the current market value of 10,000 bitcoins, and serves to highlight the deflationary properties of the issuance schedule and the impact this has on the value of bitcoin over time.
The current market price for Laszlo’s 2 large pizzas is $295,160,257
Almost $300 million for 2 large pizzas. Insane.
If you think bitcoin is dead at $30,000 - good luck to you. Treat yourself to a pizza and ask yourself what another 12 years will do to the value of bitcoin..
For those of you that think the trend is likely to continue, bitcoin pizza day may offer a useful perspective of how things can change over time. Obviously no one can predict the future. I like to keep things simple, and believe that an object in motion tends to stay in motion.
I believe the exponential rise of bitcoin is just getting started.
Hope you all have a great week. I’ll talk to you tomorrow.
AK
I’m on a mission to get this information to as many people as possible. Please support this work by sharing, liking and following on twitter, youtube and instagram to help wake up as many people as possible and support the adoption of a system that enables humans to flourish! Appreciate you being here! 🧡
