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WEF 2022: Crypto firms dominate Davos main street despite price crash

Tether offered passers-by free slices to celebrate Bitcoin Pizza Day in May. 22, when in 2010 Lazlo Hanyecz paid for two pizzas with 10,000 bitcoin, worth about $41 at the time

Women walk past the Crypto House at World Economic Forum (WEF) in Davos (Photo: Reuters)
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Women walk past the Crypto House at World Economic Forum (WEF) in Davos (Photo: Reuters)

Pranjal Sharma Davos
Sunday was Bitcoin Pizza Day and delegates were offered slices of pizza on the Promenade to mark the day when Laszlo Hanyecz used the crypto to buy two pizzas from Papa John’s in Florida on May 22. Hanyecz paid 10,000 BTC, then worth $41, to buy pizza, which was the first physical commodity to be bought with digital currency. The value of BTC has soared since then, and at today's valuation, the 10,000 BTC are valued at around $300 million.

Expensive pizza, but then, creating history always comes at a cost. Several crypto currency companies have taken promotional space

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First Published: May 23 2022 | 6:50 PM IST

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