The First Bitcoin Transaction: The first documented transaction using bitcoin was made on May 22, 2010, when Laszlo Hanyecz, a programmer from Florida, exchanged 10,000 bitcoins for two Papa John's pizzas. This transaction is now famously known as the "Bitcoin Pizza Day" and is celebrated by the crypto community every year. The Rise of Bitcoin: After Hanyecz's pizza transaction, the value of bitcoin started to rise significantly. In 2011, it reached parity with the US dollar, meaning one bitcoin was equal to one dollar. By 2013, the price of bitcoin skyrocketed to over $1,000, and it continued to rise in the following years. Today, bitcoin is the most valuable cryptocurrency, with a market cap of over $1 trillion and a value of over $50,000 per coin. The Impact of Pizza Day: The Bitcoin Pizza Day transaction not only marked the first real-world use of the cryptocurrency but also highlighted its potential as a medium of exchange. It showed that bitcoin could ...
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