On May 22, 2010, a programmer named Laszlo Hanyecz traded 10,000 BTC for two pizzas worth roughly $41. Today, those same coins are valued at approximately $773M, as Bitcoin Pizza Day marks its 16th anniversary.
The question this anniversary raises isn’t whether Laszlo made a mistake. The real question is what holding this asset through the next 16 years could do for you.
16 years ago today, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John's pizzas.
Today, 10k $BTC is worth over $775,000,000. pic.twitter.com/HBkqsmpmD7
— Watcher.Guru (@WatcherGuru) May 22, 2026
Bitcoin Pizza Day in 2026 comes as the crypto market is in a slight slump, with BTC slowly bleeding away the gains made over the past month, dropping to $77,200 after a rally to over $82,500 just 10 days ago.
The broader crypto market is fairly flat on the day, with a modest +0.3% gain over the past 24 hours, and the total crypto market cap is at $2.65 trillion, down from $2.9 trillion just one week ago.
$BTC is still holding above the $75,000-$76,000 support zone.
As long as this holds, I'm expecting a rally towards $79,500-$80,000. pic.twitter.com/k8g2E5WAHv
— Ted (@TedPillows) May 22, 2026
What Is Bitcoin Pizza Day, and Why Does It Still Matter in 2026?
The story begins with Laszlo Hanyecz, a developer who offered 10,000 BTC on a forum for two large pizzas. An 18-year-old user named Jeremy Sturdivant, known as “jercos,” accepted the offer, ordering two pizzas from Papa John’s and receiving the Bitcoin in return.
At that time, Bitcoin was relatively new, lacking a reliable exchange rate or merchant support, making the trade feel more like an odd experiment.
What makes this story significant is not regret; Hanyecz has called the transaction “incredibly cool”, but the impact that followed. It took just 2.5 years for Bitcoin to exceed the price of a $20 pizza, and today, 1 BTC can buy over 3,800 pizzas.
At Bitcoin’s peak in October 2025, that figure reached 6,236 pizzas. The 10,000 BTC Hanyecz used for a $41 meal is now worth more than most people earn in a lifetime, reflecting Bitcoin’s rise as a strategic asset, a topic revisited every May 22.
What Lessons Can be Learned from Laszlo?
Happy Bitcoin Pizza Day
16 years ago today, Laszlo Hanyecz spent 10,000 #BTC for 2 Papa John’s pizzas – marking the first time bitcoin was exchanged for a real world good.
That 10K BTC is worth $770 million today
— Bitcoin News (@BitcoinNewsCom) May 22, 2026
The reason Laszlo’s 10,000 BTC became so valuable lies in Bitcoin’s fixed supply of 21 million, hardcoded into the protocol. This limited supply, combined with increasing demand, from cypherpunk forums to institutional investments, creates scarcity similar to gold, but with mathematical and auditable validation.
On Bitcoin Pizza Day, many miss the lesson: it’s not about avoiding crypto spending or claiming Laszlo was foolish. He was testing a new payment system using tokens with no established value. The real takeaway for investors is to have a clear, written reason for buying Bitcoin today. Without that clarity, investment decisions can be driven by emotions, leading to impulsive selling during market downturns.
Successful investors, like MicroStrategy, maintain a disciplined approach through volatility by documenting their beliefs about supply and demand and knowing what would prompt them to adjust their views. This strategy helps prevent panic-selling during challenging market conditions.
Bitcoin Pizza Day 2026: What Every New Investor Should Keep in Mind
Sixteen years ago, Bitcoin was merely an experiment; today, it’s a viable asset in ETFs and company portfolios, with its price soaring from as low as $0.004 to over $77,000.
For those entering the crypto market in 2026, the 16th anniversary of Bitcoin Pizza Day serves as an important reminder: before buying any Bitcoin, articulate your thesis. Consider Bitcoin’s fixed supply over the next decade, the impact of institutional adoption, and your investment horizon. This written framework will convert speculation into informed investment.
While Bitcoin’s scarcity is structural, historical price growth doesn’t guarantee future performance. Thus, it’s crucial to understand why you own Bitcoin and remain steadfast in your long-term beliefs, despite short-term fluctuations. The lesson from the early days of Bitcoin is clear: know your investment and stay focused on your thesis.
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