The first Bitcoin transaction: On May 18, 2010, Laszlo Hanyecz posted a notice on the Bitcoin forum, offering 10,000 Bitcoins in exchange for two pizzas. He wanted the pizzas with toppings like spicy sausage, onions, green peppers, but without pineapple. Bitcoin was still new at the time, and not many people recognized its real value, leading to limited interest in his post.

Successful trade with Jeremy Sturdivant: Eventually, Jeremy Sturdivant, a 19-year-old, agreed to the transaction with Laszlo. He used a credit card to buy pizza for Laszlo and received 10,000 Bitcoins in return. At that time, 10,000 Bitcoins were worth only about 30 USD, making Laszlo feel it was a fair deal. Jeremy decided to spend all the Bitcoins immediately on living expenses instead of holding onto them.

Exponential value growth: Since 2013, the value of 10,000 Bitcoins has increased significantly, with an estimated price of about 10 million USD. By 2021, this number had risen to 600 million USD. With the increasing Bitcoin price, the value of the two pizzas could reach 1 billion USD by 2024. This demonstrates the rapid growth of cryptocurrencies over the past decade.

Legend in the crypto community: This transaction is not only famous within the crypto sector but is also commemorated annually as Bitcoin Pizza Day. Laszlo does not regret the deal; he mined those Bitcoins for free. Although Jeremy no longer has the Bitcoins, he still treasures his role in making a part of Bitcoin’s history.