🍕 Bitcoin Pizza Day: A Look Back at Bitcoin's Price Journey 📈 #bitcoinpizzaday
Every May 22nd, the crypto world celebrates Bitcoin Pizza Day, commemorating the first real-world Bitcoin transaction in 2010. On this day, Laszlo Hanyecz, a programmer from Florida, famously traded 10,000 BTC for two pizzas. Back then, Bitcoin was in its infancy, and those 10,000 BTC were practically worthless.
Fast forward to today, and those same 10,000 BTC would be worth a staggering sum, making Hanyecz's pizza purchase a legendary – and slightly regretful – moment in Bitcoin history.
**A Look Back at Bitcoin's Price on Pizza Day** 🗓️
May 22nd, 2011: Just a year later, Bitcoin was still very cheap, trading around $7.57. The total trading volume for the day was a mere $23,811, compared to billions of dollars today. 💵
May 22nd, 2012: The price dipped to a low of $4.37, but this year also saw Bitcoin's first halving event, which helped push the price up in the following year. 📉
May 22nd, 2013: Thanks to the halving effect, Bitcoin's price jumped a whopping 2,737% to reach $124 on Pizza Day. This marked the last time Bitcoin would ever trade below $100. 🚀
May 22nd, 2016: This was the final year Bitcoin dipped below $1,000 on Pizza Day. By then, 10,000 BTC would have been worth around $5.2 million. The network also underwent its second halving event this year. 💰
May 22nd, 2020: Bitcoin's value had skyrocketed to $9,232, representing a 1,658% increase from 2016. Those 10,000 BTC would have been worth roughly $100 million. 🤑
May 22nd, 2023 (and 2022): Bitcoin faced some setbacks, dipping back to the $20,000 range on these Pizza Days. 📉
May 22nd, 2024 (Today): Bitcoin is currently trading around $70,448, making those 10,000 BTC an eye-watering $704 million! 💎
**Bitcoin Pizza Day: A Reminder of Crypto's Volatility** ⚠️
