The global crypto community rejoices as BTC Pizza Day brings attention not only to the iconic pizza transaction but also to Bitcoin’s extraordinary price surge over the years.
BTC Pizza Day commemorates the milestone when Bitcoin was first used in a real-world transaction. On May 22, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, etched his name in history by purchasing two pizzas for 10,000 BTC. Back then, the transaction amounted to approximately $41. Today, those same 10,000 BTC hold a staggering value of nearly $700 million, underscoring Bitcoin’s exponential growth over the past 14 years.
The trajectory of Bitcoin’s price ascent from its inception to the present is nothing short of remarkable. At the time of Hanyecz’s pioneering purchase, Bitcoin operated in relative obscurity, trading for less than a cent.
By 2014, Bitcoin had already demonstrated significant growth, commanding a value of around $400. Presently, Bitcoin not only enjoys mainstream recognition but has also solidified its position as a legitimate asset class, boasting a market cap exceeding $1.38 trillion.
Gabor Gurbacs, Former Director of Digital Asset Strategy at VanEck, emphasizes Bitcoin’s meteoric ascent of over 17,400% in the past decade as BTC Pizza Day festivities unfold.
“Ten years ago, Bitcoin traded at nearly $400 per BTC; today, it’s trading at around $70,000, marking a 17,400% increase,” Gurbacs articulated in an X post. As of the latest update, BTC is trading at $70,133, having reached a pinnacle of $73,750 in mid-March.
Throughout the last decade, Bitcoin has not merely endured but flourished, experiencing a growth trajectory seldom witnessed in the financial realm.
BTC Pizza Day commemorations extend beyond reminiscing about pizzas procured with Bitcoins; it symbolizes the extraordinary journey of Bitcoin’s value appreciation.
In honor of this historic occasion, crypto exchanges and platforms have taken to social media to share celebratory messages and spearhead crypto campaigns and giveaways, acknowledging Bitcoin’s evolution.
