Binance CEO CZ serves pizza on Bitcoin Pizza Day!
We took #BitcoinPizzaDay to the streets of France to give #BinancePizza to the community 🇫🇷
Bitcoin Pizza is the name given to the first known purchase of physical goods with bitcoin.
On May 22nd, 2010, a programmer made a post on Bitcointalk, the only Bitcoin forum in existence at that point and wrote – I’ll pay 10,000 bitcoins for a couple of pizzas. Like maybe 2 large ones so I have some leftover for the next day.
At the time, 10,000 BTC was equivalent to approximately 41 USD. This equals to a Bitcoin price of about 0.0041 USD. The offer was taken up by another Bitcointalk user, who paid 25 USD for the two pizzas, netting a whopping 16 USD profit even at the time!
Now, let’s put this into perspective a bit and fast forward about seven years. In April 2021, Bitcoin was trading at around 60,000 USD. At that point, the Bitcoin Pizza transaction was worth 600,000,000 USD!
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