Buy CryptoMarketsSpotFuturesBTCEarnEvent CenterRewards Hub
More
Sign Up
Every year on May 22, the crypto community celebrates "Pizza Day." But how are cryptocurrency and pizza—two completely different things—related? This article explains Pizza Day, an importantEvery year on May 22, the crypto community celebrates "Pizza Day." But how are cryptocurrency and pizza—two completely different things—related? This article explains Pizza Day, an important
Learn/Market Insights/Hot Topic Analysis/A Beginner'...n and Pizza

A Beginner's Guide to Pizza Day: The Surprising Relationship between Bitcoin and Pizza

Author: MEXC
Beginner
Jul 16, 2025MEXC
0m
#Bitcoin (BTC)#Beginners
SUI
SUI$0.7006-2.66%
Binance Coin
BNB$715.85-0.75%
USDCoin
USDC$1.00042+0.01%

Every year on May 22, the crypto community celebrates "Pizza Day." But how are cryptocurrency and pizza—two completely different things—related? This article explains Pizza Day, an important anniversary in the history of cryptocurrency.

The first real-world cryptocurrency transaction


The crypto community commemorates Pizza Day because it was the first time material goods were traded for digital currency. Bitcoin was conceived in 2008, and the bitcoin blockchain came to fruition in 2009. The first time Bitcoin was used to acquire real-world goods—two large Papa John's pizzas—occurred on May 22, 2010.

The person who actually bought the pizzas with Bitcoin was Laszlo Hanyecz, a programmer living in the United States. Hanyecz posted to an internet Bitcoin forum asking if anyone was willing to exchange 10,000 Bitcoin for two pizzas. In the pioneering days of Bitcoin, online forums were important sites for exchanging crypto information. Hanyecz thought that if he made the request there, someone might answer it.

It was Jeremy Sturdivant who answered that request. Sturdivant was a student living in London at the time and ordered pizzas for Hanyecz from a store he found online. Of course, the order was placed with a credit card, but Hanyecz paid Sturdivant in Bitcoin, which is why this day is considered the "first day a real-world item was bought with Bitcoin" (this was before the world's first Bitcoin exchange appeared).

How much does a pizza cost?


At the time Hanyecz bought his pizzas, the price of Bitcoin was approximately $0.0041. Thus, 10,000 BTC was worth approximately $41, a reasonable price for two pizzas.

On May 17, 2023, when this article was written, 1 Bitcoin was worth about $27,000. Meaning 10,000 Bitcoin would be worth about $270 million today. That's an astonishing sum of money in exchange for an extraordinary quantity of pizzas!

The TradingView chart below shows that the price of Bitcoin has been rising quite rapidly, especially since 2020.


Will there ever be a time to buy items with Bitcoin?


Crypto assets are still commonly held for investment purposes, but Bitcoin has not yet achieved widespread acceptance as a payment option for everyday goods and services. Nevertheless, Bitcoin payments are gradually being accepted at an increasing number of stores, including the electronics retailer Bic Camera, which accepts Bitcoin payments.

There are several factors that could prevent the proliferation of crypto payments, one of which being the uncertain legal status of cryptocurrency. However, there are already countries that are trying to overcome this by designating Bitcoin as legal currency. El Salvador and the Central African Republic are two countries that have successfully recognized Bitcoin as legal tender. While the introduction of Bitcoin has not been entirely successful in either country, it paves the way for similar moves to be made in more economically stable regions. Once this happens, we will be one step closer to an era in which buying things with crypto will become commonplace.


Market Opportunity
SUI Logo
SUI Price(SUI)
--
----
USD
SUI (SUI) Live Price Chart

Popular Articles

View More
MEXC On-Chain Daily Report: PayPal Launches Custom Stablecoin Platform PYUSDx

MEXC On-Chain Daily Report: PayPal Launches Custom Stablecoin Platform PYUSDx

Updated: September 10, 2026, 09:30 (UTC+8) | Author: MEXC Headlines PayPal launches custom stablecoin platform PYUSDx MetaMask spins off as an independent entity as Consensys refocuses on

Author: MEXC
MEXC On-Chain Daily Report: Hyperliquid’s Share of Global Perpetual Open Interest Reaches 10.2%

MEXC On-Chain Daily Report: Hyperliquid’s Share of Global Perpetual Open Interest Reaches 10.2%

Updated: August 24, 2026, 09:30 (UTC+8) | Author: MEXC Headlines FASB rules could accelerate institutional USDC adoption Kraken may be testing Hyperliquid HIP-3 South Korea plans to open crypto

Author: MEXC
SUI Price Prediction July 2026: Can Sui Break $1 Again?

SUI Price Prediction July 2026: Can Sui Break $1 Again?

SUI climbed more than 8% over the past week, one of its stronger short-term moves after a rough June. That kind of bounce raises an obvious question: is this the start of something bigger, or just a

Author: Emma Williams
SUI Jumps 50% as Staking, Zero-Fee Stablecoins and Privacy Plans Fuel New Rally

SUI Jumps 50% as Staking, Zero-Fee Stablecoins and Privacy Plans Fuel New Rally

Key Takeaways SUI rose about 50% in seven days, moving from around $0.94 to $1.41. Trading volume reportedly jumped from about $213 million to more than $2.5 billion. Nasdaq-listed SUI Group Holdings

Author: Oliver Hughes

Hot Crypto Updates

View More
Is BEEG Dead in 2026? On-Chain Data Tells a Very Different Story

Is BEEG Dead in 2026? On-Chain Data Tells a Very Different Story

Is BEEG dead in 2026? This deep-dive into Beeg Blue Whale (BEEG) on-chain data, holder structure, and Sui ecosystem tailwinds reveals the real story behind the 98% crash — and why MEXC is the best

Author: Oliver Hughes
Is BEEG Still Worth Buying in Q3 2026? A Deep-Dive into Sui's Most-Talked Meme Coin

Is BEEG Still Worth Buying in Q3 2026? A Deep-Dive into Sui's Most-Talked Meme Coin

Is Beeg Blue Whale (BEEG) worth buying in Q3 2026? This in-depth analysis covers BEEG tokenomics, Sui ecosystem growth, 2026 price predictions, and why MEXC is the top platform to trade BEEG when it

Author: Oliver Hughes
BEEG Q3 2026 New Update: What Traders Need to Know

BEEG Q3 2026 New Update: What Traders Need to Know

What's new with Beeg Blue Whale (BEEG) in Q3 2026? This deep-dive covers the Blue Whale Branding Suite delivery window, Sui's Ethereum bridge mainnet launch, on-chain accumulation signals, and why

Author: Oliver Hughes
Sui Ecosystem Explosion: How BEEG Is Becoming "Web3's Canva" — Is the 100x Potential Still Real in 2026?

Sui Ecosystem Explosion: How BEEG Is Becoming "Web3's Canva" — Is the 100x Potential Still Real in 2026?

A deep-dive into Beeg Blue Whale (BEEG) and its strategic transformation from a pure speculative meme coin to the branding infrastructure layer of the Sui ecosystem. What is the Blue Whale Branding

Author: Oliver Hughes

Trending News

View More
MEXC On-chain Daily Report: Grayscale Postpones IPO Plan

MEXC On-chain Daily Report: Grayscale Postpones IPO Plan

Today’s crypto market remained focused on regulation, AI infrastructure, and institutional adoption trends. Grayscale delayed its IPO plans while continuing to advance its Hyperliquid ETF application,

Sui Stablecoin Transfers Top $65B: What Comes Next?

Sui Stablecoin Transfers Top $65B: What Comes Next?

Sui’s stablecoin market is producing an unusual combination of numbers. Stablecoin supply on the network stands at roughly $478 million, yet zero-fee transfers have already exceeded $65 billion. The c

Strategic Bitcoin Reserve Bill: What H.R. 8957 Means Before the Committee Vote

Strategic Bitcoin Reserve Bill: What H.R. 8957 Means Before the Committee Vote

The U.S. Strategic Bitcoin Reserve is moving from an executive-policy framework toward a more formal legislative structure. H.R. 8957, the American Reserve Modernization Act of 2026, is scheduled for

What Is DIGY11? How the Bitcoin-Backed Digital Credit ETF Differs From a Spot Bitcoin ETF

What Is DIGY11? How the Bitcoin-Backed Digital Credit ETF Differs From a Spot Bitcoin ETF

DIGY11 introduces a different way for investors to gain exposure to the expanding Bitcoin corporate-finance ecosystem. Developed around securities issued by Bitcoin treasury companies, the ETF is desi

Related Articles

View More
Are Tokenized Deposits Real Bank Deposits? Canada’s OSFI Gives Banks a Clear Answer

Are Tokenized Deposits Real Bank Deposits? Canada’s OSFI Gives Banks a Clear Answer

If a bank takes a conventional customer deposit and represents it as a token on blockchain infrastructure, what does the customer actually own?A crypto token?A stablecoin?Or the same bank deposit in a

Author: Priya Sharma
What Is Demat 2.0? India Launches $107M Tokenized Bond Pilot With Digital Rupee Settlement

What Is Demat 2.0? India Launches $107M Tokenized Bond Pilot With Digital Rupee Settlement

India has moved tokenized bonds from regulatory planning into live financial infrastructure.In September 2026, three Indian companies issued a combined ₹1,025 crore — approximately $107 million — of c

Author: Priya Sharma
Why Is MetaMask Becoming an Independent Company? Consensys Split Explained

Why Is MetaMask Becoming an Independent Company? Consensys Split Explained

MetaMask is becoming its own company.On September 9, 2026, Consensys Software Inc. announced that it would separate into two independently operated businesses: MetaMask, focused on consumer self-custo

Author: Priya Sharma
MEXC Alpha Trader Research Weekly | Rare NFP-ADP Divergence Sparks Market Tug-of-War: Rate Hike or Pause?

MEXC Alpha Trader Research Weekly | Rare NFP-ADP Divergence Sparks Market Tug-of-War: Rate Hike or Pause?

1st Week of September 2026Statistical Period: Sep 2, 2026 – Sep 8Data Cutoff: Sep 8, 2026Core NarrativeDriven by macroeconomic data and geopolitical tensions, the crypto market experienced significant

Author: MEXC
Sign Up on MEXC
Sign Up & Receive Up to 10,000 USDT Bonus
Is Your Stablecoin Truly Safe?
Is Your Stablecoin Truly Safe?Is Your Stablecoin Truly Safe?
Know the risks of USDT, USDC, OpenUSD & USD1