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Bitcoin Sets New High Above $111K, 15 Years After Developer Paid 10,000 BTC for Two Pizzas
- On May 22, 2010, American programmer Laszlo Hanyecz made history by completing the first known commercial Bitcoin purchase, exchanging 10,000 Bitcoins to acquire two large pizzas.
- Hanyecz posted on a forum seeking someone to exchange his freshly mined bitcoins, then worth roughly $41, for pizza, which took three days to complete.
- This transaction became legendary as it marked Bitcoin’s transition from theoretical code to practical currency, highlighting its extreme price volatility and ongoing adoption challenges.
- The 10,000 bitcoins spent, worth $41 at the time, now exceed $1.1 billion as Bitcoin recently surged past $111,800, illustrating a price increase over 16 million percent.
- Bitcoin continues benefiting from institutional inflows and liquidity, with analysts forecasting volatile prices and targets up to $180,000 amid structural market shifts.
50 Articles
50 Articles
Bitcoin Falls Slightly After Achieving a New Historic Peak
After surpassing US$109,000 this Wednesday, at the time of Bitcoin Pizza Day, bitcoin reached a maximum of US$111,953 in the last 24 hours. At 15.15 today, the cryptoactive dropped to US$109,628, a decrease of 1.9% in the last 24 hours, according to Lemon data.Other popular cryptocurrencies also went back: Ethereum: US$2582,2 with a fall of 3.1% in the last 24 hours. Cardano: US$0.7, with a fall of 2.8% in the last 24 hours.XRP: US$2.3, with a d…
Bitcoin Hits New Record High, Surpasses Amazon’s Market Cap On ‘Pizza Day’
from ZeroHedge: Today, May 22, is a special day for cryptocurrencies. It’s Bitcoin Pizza Day… and the cryptocurrency is making new record highs… Fifteen years ago, programmer Laszlo Hanyecz made the first documented purchase of goods using Bitcoin, paying 10,000 BTC for two Papa John’s pizzas. TRUTH LIVES on at https://sgtreport.tv/ Today, that same order is worth […]
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