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Bitcoin Pizza Day is the day a Florida man bought two pizzas for bitcoins, now worth millions. The pepperoni on the first pizza bought with Bitcoin is worth $M today. The first known crypto transaction was 10, BTC for two pizzas. Bitcoin Pizza Day: On May 22, , Laszlo Hanyecz made history by using Bitcoin to buy pizza, marking a pivotal moment for cryptocurrency.

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Hanyecz works for apparel brand GORUCK as a developer and, partly because he is internet-famous, the e-commerce company is one of a handful that accepts bitcoin. So thank you to these pizza pioneers, Laszlo Hanyecz and Jeremy Sturdivant, for kicking off the bitcoin economy. And perhaps, let's also reflect on the value of patience and the importance of holding onto our Bitcoin Hodling is part of what drives the value of bitcoin up, as low velocity can do for any currency. Thus, while the growth trajectory of Bitcoin attracts investors, caution and informed decision-making are paramount when investing in this cryptocurrency because of its elevated risk.