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International Business Times

Business

Marvie Basilan

BTC Community Celebrates Bitcoin Pizza Day: Why Is It So Special?

Laszlo Hanyecz Michael Saylor Crypto Papa John Bitcoin Magazine

Representation. Bitcoin Pizza Day is celebrated by BTC enthusiasts as May 22, 2010 marked a significant milestone in the digital asset's journey toward gaining value. (Credit: FlavorfulWorld/Pixabay)

KEY POINTS

Michael Saylor said pizza has become cheaper, at least by Bitcoin standard
Eric Weiss noted that the first time Bitcoin 'gained value' was an 'immaculate' moment
Hanyecz used 10,000 BTC to buy 2 Papa John's pizzas in 2010, which is worth around $700M today

The Bitcoin community went abuzz Wednesday as many prominent figures in the crypto industry and users of the world's first decentralized cryptocurrency celebrated Bitcoin Pizza Day, which falls on May 22 every year.

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