Happy Bitcoin Pizza Day! Remembering (With Crypto Regret) The Day When 2 Pizzas Cost 10,000 BTC
Portfolio Pulse from Aniket Verma
May 22 is celebrated as Bitcoin Pizza Day, marking the first commercial use of Bitcoin when 10,000 BTC were exchanged for two pizzas from Papa John's. Bitcoin's value has since skyrocketed, making the pizzas worth nearly $700 million today. Shares of Papa John's saw a slight increase in after-market trading.
May 22, 2024 | 8:00 am
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POSITIVE IMPACT
Bitcoin Pizza Day marks the first commercial use of Bitcoin, highlighting its astronomical rise in value from $0.0041 to $70,000 per BTC over 14 years.
The celebration of Bitcoin Pizza Day underscores Bitcoin's incredible growth and continued relevance, likely boosting investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Papa John's is historically linked to Bitcoin Pizza Day, which celebrates the first commercial use of Bitcoin. Shares of Papa John's saw a 0.35% increase in after-market trading.
The historical significance of Bitcoin Pizza Day brings positive attention to Papa John's, likely contributing to the slight increase in share price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80