Cryptocurrency Industry News

Binance Bitcoin Pizza Day Attracts Over 210K Participants

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Written By: Michael Abadha
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    Summary:
  • Bitcoin Pizza Day is an annual celebration commemorating the historic day in 2010 when Laszlo Hanyecz bought 2 pizza for 10,000 BTC.

The 13th annual Bitcoin Pizza Day celebrations have come to an end at Binance, the largest cryptocurrency exchange in the world. With over 210,000 people taking part, Binance’s Bitcoin Pizza Day was a smashing success. In addition, twenty-five in-person community events were held all across the world as part of the festivities. Also, Binance CEO Changpeng Zhao answered questions throughout its online event, and the business said that many crypto fans attended its in-person events all across the world.

Why Bitcoin Pizza Day is important in crypto history

The first Bitcoin Pizza Day was a watershed moment for the industry. Over the past 13 years, the sector has experienced unprecedented development and innovation thanks in large part to this event.  Laszlo Hanyecz, a Bitcoin enthusiast, made history in 2010 when he paid 10,000 BTC for two pizzas, marking the first meaningful use of BTC for a purchase.

Binance has reported that more than 5,000 pizzas were consumed during its regional meetups, uniting its global community of crypto enthusiasts. In addition, more than 50,000 tweets and counting have used the hashtag #BinancePizza, making it a social media phenomenon. Participation by the social media community increased the buzz and got the word out about Bitcoin Pizza Day.

The first Bitcoin Pizza Day will forever remain an invaluable day for the industry. Many digital assets have emerged over the past 13 years, and the sector has grown in heaps and bounds, resulting in many investment opportunities like tokens, NFTs and DeFi. Romanian Binance Pay user Daniel Nita flipped the script by making history when he bought 10,000 pizzas for 1 BTC. The vast majority of the pizzas were given to charities.

Binance was thrilled to commemorate this historic day with the amazing community that is so vital to the continued growth of the industry once again this year. This remarkable action highlighted the crypto community’s enduring zeal and indicated the expanding role of digital assets in everyday life.

This post was last modified on May 31, 2023, 15:42 BST 15:42

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha