Bitcoin Pizza Day: Would You Pay 10,000 BTC For Pizza Today? Here’s Why Someone Did It In 2010

Bitcoin Pizza Day is a celebration of the first documented real-world transaction using Bitcoin. On the 22nd of May, 2010, Laszlo Hanyecz, a programmer from Florida, paid 10,000 BTC for two large pizzas, marking the first time Bitcoin was used to purchase a tangible item outside the digital space. At the time, the transaction was valued at roughly $41. Today, that amount of Bitcoin would be worth over a billion dollars, making it one of the most iconic purchases in financial history. This single transaction led the way to Bitcoin becoming a $2 trillion asset over the years.

This historical purchase showed that decentralized digital money could be used for everyday transactions, paving the way for the broader adoption of crypto as an alternative to traditional fiat currencies. Over time, this led to a significant increase in the number of companies and even governments willing to transact and hold Bitcoin and other tokens. Today, countries like El Salvador accept Bitcoin as a legal tender, a direct evolution from that first pizza purchase. Based on an interview with Mr Edul Patel, Co-founder and CEO of Mudrex, a global crypto investment platform, here's why Bitcoin Pizza Day is still significant in the world of cryptocurrency in 2025, 15 years after the first crypto purchase.

What does Bitcoin Pizza Day symbolize for crypto enthusiasts and investors today?

The crypto community has embraced Bitcoin Pizza Day as a meaningful cultural tradition. The 10,000 BTC pizza order created the first real-world valuation for Bitcoin, providing a tangible reference point for its worth. Since then, that transaction has been seen as a symbolic representation of Bitcoin emerging into a new asset class and alternative payment method.

From 10,000 BTC for two pizzas to today's valuation - how do you view Bitcoin's growth as an asset class?

One of the major proofs of Bitcoin's evolution is the race of top economies like the USA to establish Bitcoin as a "strategic crypto reserve" just like how the world has been doing with Gold. Over the years, Bitcoin has earned the status of digital gold. Today, the growing position of Bitcoin as a hedge against uncertainties has made it an attractive asset class for institutional investors as well.

The Bitcoin Spot ETFs launched early in 2024 have now grown to become the most successful ETFs in history, with the biggest asset managers like Blackrock, Fidelity and Grayscale building huge exposure to Bitcoin. The usage of BTC as a store of value shows the potential of Bitcoin and Altcoins to become the largest asset classes of the 21st century.

As the world moves towards the digital economy, the use cases of crypto in aspects like money movement, investment and as a technological innovation will only increase, expanding the market further.

How has Bitcoin adoption grown in India over the past few years?

Bitcoin adoption in India has seen remarkable growth over the past few years. India has consistently ranked among the top countries for grassroots crypto adoption, according to global reports like Chainalysis' Global Crypto Adoption Index. This points to a deepening engagement with digital assets, not just among urban users but also in Tier 2 and Tier 3 cities. One clear indicator of this growth is the rapid expansion of crypto investment platforms.

Another testament to India's growing influence in the crypto space is the re-entry of global crypto players into the market. In the past year alone, around 10-12 international platforms have registered with the Financial Intelligence Unit (FIU), signalling renewed confidence in India's regulatory direction and the potential of its expanding crypto user base.

What trends have you noticed on the Mudrex platform around Bitcoin buying patterns?

At Mudrex, one major trend that we have noticed is the increasing number of investors opting for a systematic investment in Bitcoin and other blue-chip tokens. Through this SIP format investments, users have been taking advantage of the market volatility to generate better risk-adjusted returns in the long term. The requests for SIP investments on Mudrex have doubled since last year. Meanwhile, in an internal survey conducted recently, we found that around 65% of respondents plan on holding their crypto investments for over five years. This signals a growing conviction in crypto as a long-term asset class, not just a tool for quick gains.

From Pepperoni to Protocols: Bitcoin's Billion-Dollar Journey Since Pizza Day

In 2010, two pizzas were the first real-world proof that Bitcoin could be more than just code. It was probably a prophecy prepped in pepperoni. Today, Bitcoin isn't just buying pizzas; it's buying trust, security, and the future of finance. This year's rally around Bitcoin Pizza Day is more than symbolic. The price point of USD 110k shows that adoption starts with small steps. Also, every bull run and new price point is a vote of confidence in a decentralised monetary future. BTC's ongoing price discovery action is a confluence of maturing on-chain metrics, including declining exchange reserves and increasing long-term HODLer supply.

There is definite institutional interest and the market seems to be digesting the halving and pricing in scarcity like never before. So, the next time someone buys a pizza with Bitcoin, it might just be via the Lightning Network from a wallet embedded in a pair of smart glasses. That's how far we've come - and how far we're going, stated Vikram Subburaj, CEO, Giottus Crypto Platform.

Bitcoin Pizza Day Rally: $522M Liquidated, Futures Hit ATH, BTC Enters Bull Mode

Bitcoin surged past the current ATH and formed new highs at $111,880 on Bitcoin Pizza Day, demonstrating a huge increase in bullish activity. The volume increased by more than 100% in the past couple of days, which raised the buying pressure to a larger extent.

Besides, the BTC supply on the exchanges continues to diminish; that signals strong HODL conviction and a potential supply squeeze ahead. This also signals the token being in the early phases of the bull run, as per Mr. Sumit Gupta, Co-founder of CoinDCX.

On the other hand, the Bitcoin futures have also smashed a new ATH with over $74 billion, which is speculated to be driven by the institutions and hedge funds. The on-chain data suggests over 123,000 traders were liquidated for $522 million in the past 24 hours. Considering the yearly profits, Bitcoin has surpassed gold and the S&P 500 with over 53% gains, compared to 35% and 13%. As a result, it is the 5th largest asset in the world after surpassing Amazon with a market capitalization of over $2.2 trillion, Sumit Gupta stated.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.