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Why Do We Celebrate Bitcoin Pizza Day?

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Main Takeaways

  • Bitcoin Pizza Day celebrates Bitcoin’s first-ever real-world transaction, which took place 13 years ago. 

  • A programmer named Laszlo Hanyecz famously purchased two pizzas for 10,000 BTC from another user on the BitcoinTalk forum on May 22, 2010.

  • For this year’s Bitcoin Pizza Day on May 22, Binance will celebrate in style with online and in-person events worldwide.

  • Nowadays, with Bitcoin and cryptocurrencies having an incredible amount of use cases, we celebrate Bitcoin Pizza Day to remind us of crypto’s humble beginnings.

With Bitcoin Pizza Day just around the corner, get ready for Binance’s biggest-ever worldwide celebration of all things BTC and pizza.

Ever wondered why we celebrate Pizza Day? Sure, everyone knows the story, but it’s also important to understand its significance. Today, we’re going to explain not just how it came about but also why. So, when you’re biting into your pizza slice on May 22, you’ll be able to enjoy it just that little bit more.

What Is Bitcoin Pizza Day?

First, let’s get the facts out of the way. Bitcoin Pizza Day is celebrated annually on May 22 and marks the anniversary of the first-ever real-world Bitcoin transaction. On this day in 2010, a programmer named Laszlo Hanyecz purchased two pizzas for 10,000 BTC. At the time, they were worth only around $30. Today? That value has skyrocketed to roughly $260,000,000.

Why Is Bitcoin Pizza Day Significant?

This transaction is considered a significant moment in Bitcoin’s history as it demonstrated that the cryptocurrency could be used for real-world transactions and sparked widespread interest in the potential of blockchain technology.

Bitcoin Pizza Day is important to the cryptocurrency community because it serves as a reminder of the early days of Bitcoin and the progress that we’ve made since then. It highlights the evolution of the technology and the growth of the community that has developed around it. 

It also serves as a reminder of the need to continue innovating and improving the technology to make it more accessible, user-friendly, and widely adopted. Overall, Bitcoin Pizza Day is a celebration of cryptocurrency and blockchain technology’s potential to transform how we think about and interact with money.

How Does Binance Celebrate Bitcoin Pizza Day?

Over the years, Bitcoin Pizza Day has become somewhat of a tradition at Binance. 2021 saw Binancians collect ingredients to win a slice of $52,200 in BTC. In 2022, CZ, our CEO, was baking pizza at our pop-up store in Cannes, France, where one lucky winner who bought or made a Hawaiian (CZ’s favorite kind) won a year’s supply of the classic Italian dish!

“New job ???? #BinancePizza” - CZ, May 20, 2022

This year, our celebrations are set to be the biggest yet, with many exciting events happening worldwide and online. You can find more details and the full lineup in our Bitcoin Pizza Day 2023 event blog

If you can’t make it to our pizza competition in Italy, our pizza hunt in Pakistan, or any of our other events, you’ll still be able to join the fun. Make sure to tune into Binance Live at 12pm UTC on May 22 to join our special guests, including CZ, and also take part in the interactive fun.

What Can You Buy With Bitcoin in 2023 Besides Pizza?

We’ve come a long way since that monumental day in 2010. 

The use cases for crypto and Bitcoin have grown immensely, and there’s a lot more you can spend your BTC on than just pizza. Here are just a few examples.

  • Trading other cryptocurrencies on an exchange, using Bitcoin as a base currency. Binance is a viable option as it offers a wide selection of trading pairs.

  • Electronics, home appliances, and gadgets from major retailers worldwide.

  • Travel services, such as flights, hotels, and car rentals from online booking platforms.

  • Gift cards for popular stores and services, which can then be used to make purchases.

  • Online subscriptions and services, such as VPNs, streaming services, and more.

  • Food and beverages from restaurants that accept Bitcoin, including fast-food chains and local establishments.

  • Gaming credits for online platforms.

  • Charitable donations to various organizations that accept Bitcoin as a form of contribution. You can easily do this with Binance Charity via Binance Pay.

Please note that the availability of these options may vary by region and local regulations.

As you can see, pizza is just one among countless use cases for Bitcoin today, and this list only continues to grow!

Don’t Miss a Binance Pizza Party Near You

No matter where you are in the world, there’s a Bitcoin Pizza Day party to join with Binance!

If you can’t make it to one of our pizzerias or vans, you can join the fun on Binance Live. In the meantime, check out our Bitcoin Pizza Day 2023 event blog for more details of what’s going on and where.

As you’re biting down on your slice of pizza on May 22, think back to that date in 2010 and reflect on how far we’ve come since then.

Further Reading

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