This Bitcoin Pizza Day, Remember Not to Spend Bitcoins on Pizza
- 10,000 coins bought two pizzas in transaction eight years ago
- Now, the same number of coins would buy 6.5 million pizzas
What Was the First Bitcoin Purchase Ever Made?
Cryptocurrency enthusiasts everywhere set aside May 22 to celebrate the anniversary of the first ever Bitcoin transaction: Two pizzas for 10,000 coins bought exactly eight years ago. If you stacked the pizza boxes you can get for that many Bitcoins today, they’d rise to outer space.
At today’s price near $8,200 per Bitcoin, you could get about 6.5 million $12.50 pizzas. If you stacked those pizza boxes, they’d climb almost 200 miles (300 kilometers) into the air, according to data from Forex Time, a foreign exchange broker. Its animated infographic marks the landmarks crossed by the boxes -- Dubai’s Burj Khalifa, Mount Everest, a passenger airplane -- before shooting into space. Bitcoin isn’t quite getting to the moon, but close.