If you’ve been cruising crypto social media lately, you’ve probably seen a cheesy flood of pizza posts and thought, “What’s this pepperoni party all about?” May 22 is Bitcoin Pizza Day, the day a legendary forum post turned into the most expensive pizza order ever: 10,000 Bitcoin for two pies. Let’s toss this dough around and dive into the saucy details!
“Then he goes and spoils it all by saying something stupid like Double Pepperoni please “
Back in 2010, Laszlo Hanyecz, a Bitcoin-mining maestro, racked up 10,000 Bitcoin when cracking crypto puzzles was easier than a takeout order and cost little in computing power and electricity. On May 22, he posted on a Bitcoin forum, proposing what would go down in history as a consequential moment for Bitcoin: “I’ll trade 10,000 Bitcoin for two pizzas—double pepperoni, please!” And so the die was cast. Out in the vast internet forum, there was Laszlo, hungry for pizza and Bitcoin-rich. It wasn’t long until some shrewd individual stepped in, saw the deal of a lifetime, or just found it whimsically amusing to buy some pizza to get in on this Bitcoin fad, only to forget about the coins and later realise a nifty return on their pizza money. The important thing is Laszlo got his pizzas, enjoyed them with his family, and all was right with the world. After all, Bitcoin was a measly $0.0041 per coin, so it felt like he’d scored the jackpot in free pizza money.
Fast-forward to today, with Bitcoin at $111,000—those 10,000 coins would be worth a mouthwatering $1.11 billion. Laszlo’s pizza run is now crypto’s ultimate “dough-on-face” moment, a reminder to never underestimate Bitcoin’s rise. What happened to the lucky soul who got those Bitcoin? Did they cash out at $1 or HODL for the moon? That’s a mystery on par with Papa John’s garlic sauce.
Here’s the Cheese on Top: A Billion-Dollar Bellyache
Over at Moneybrain, we scribbled some “back-of-the-pizza-box” math. If Laszlo had lost his 10,000 Bitcoin file in the equivalent of a desktop “couch cushion” for 15 years, he’d be swimming in $1.11 billion today. That’s one pricey pizza party! It’s the ultimate lesson: selling Bitcoin too early is like trading a super yacht for a breadstick.
The Below chart shows bitcoins rise in the last 15 years.
When’s the Prime Time to Snag a Crypto Slice?
Wondering when to jump into Bitcoin? It’s the question that’s got even Wall Street’s sharpest scratching their heads. Bitcoin’s track record, though, is as hot as a fresh-baked pie. HODL for a few years, and history says you’re likely to see some delicious returns. Top financial gurus are bullish, with big dogs like J.P. Morgan and MicroStrategy piling into Bitcoin like it’s an all-you-can-eat buffet. No crystal ball here, but if you can ride the crypto rollercoaster, you might just cash in big.
So, next Bitcoin Pizza Day, raise a slice to Laszlo’s epic trade and maybe don’t swap your Bitcoin for that Papa John’s fix, unless it’s a Pizza NFT then it might just be worth the gamble.