Bitcoin Pizza Day

Pizza

2024

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As the crypto community worldwide celebrates <a href="https://u.today/bitcoin-celebrates-pizza-day-heres-how-legendary-purchase-took-place">BTC Pizza Day</a>, it is not just the historic pizza purchase that is drawing attention but also the meteoric price growth Bitcoin has achieved over the years.&nbsp;
Bitcoin Pizza Day commemorates the first time Bitcoin was used for a real-world transaction. On May 22, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by buying two pizzas for 10,000 BTC. At the time, the transaction was valued at around $41. Today, those 10,000 BTC would be worth nearly $700 million, highlighting the dramatic increase in Bitcoin's value over the past 14 years.
<a href="https://u.today/51-million-btc-addresses-risk-losses-amid-bitcoins-dip-below-62000">Bitcoin</a>'s price increase from its inception to the present is nothing short of astonishing. When Hanyecz made his now-famous purchase, Bitcoin was virtually unknown and traded for less than a cent.
Fast forward to 2014, and Bitcoin had already seen substantial growth, trading at around $400. Today, Bitcoin has not only achieved mainstream recognition but also established itself as a legitimate asset class with a market cap of over $1.38 trillion.&nbsp;
Gabor Gurbacs, Former Director of Digital Asset Strategy at VanEck, spotlights Bitcoin's meteoric rise of more than 17,400% over the last 10 years as the celebration of Bitcoin Pizza Day gets underway.&nbsp;
<blockquote>
 10 years ago Bitcoin traded around ~$400 per BTC, today it’s trading around $70,000 that is a 17,400% increase.The question is not what happened to Bitcoin… the question is what happened to the Dollar?!— Gabor Gurbacs (@gaborgurbacs) <a href="https://twitter.com/gaborgurbacs/status/1793071984945041670?ref_src=twsrc%5Etfw">May 22, 2024</a>
</blockquote> 
"10 years ago Bitcoin traded around nearly $400 per BTC, today it’s trading around $70,000 that is a 17,400% increase," Gurbacs wrote in an <a href="https://x.com/gaborgurbacs/status/1793071984945041670">X post</a>. At the time of writing, BTC was trading at $70,133, having reached a record high of $73,750 in mid-March.&nbsp;
Over the last decade, Bitcoin has not only survived but thrived, experiencing a growth spurt that has rarely been seen in the financial world.&nbsp;
The celebration of BTC Pizza Day is not just about reminiscing over pizzas bought with Bitcoins; it is a day that highlights the incredible journey of Bitcoin's value appreciation.&nbsp;
In commemoration of the historic event, crypto exchanges and platforms posted celebratory messages on social media, as well as promoting crypto campaigns and giveaways in recognition of Bitcoin's evolution.

Bitcoin's 17,400% Growth Spotlighted on BTC Pizza Day Celebration

U_Today

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