Bitcoin Pizza Day: Celebrating a Decade of Growth and Milestones
Bitcoin Pizza Day: A Decade of Growth and Milestones
Bitcoin Pizza Day, celebrated on May 22, marks the first real-world Bitcoin transaction in 2010, where 10,000 BTC (now worth over $1.1 billion) was spent on two pizzas. This event has become a symbol of Bitcoin's journey from obscurity to a major financial asset.
Historic Price Growth Revealed
Crypto ranking platform CoinGecko highlighted Bitcoin's remarkable price growth since May 22, 2016, showcasing a 25,535% increase. The price has surged by 59% since 2024, with significant yearly milestones:
- 2016: $439
- 2017: $2,109
- 2018: $8,355
- 2019: $7,958
- 2020: $9,060
- 2021: $37,340
- 2022: $29,492
- 2023: $26,774
- 2024: $70,190
- 2025: $111,456
Recent Surge and Market Milestones
Bitcoin recently reached an all-time high of $111,903, marking a 4.1% increase in 24 hours. This surge has propelled Bitcoin's market capitalization and realized cap to new records. Glassnode reports the realized cap is nearing $1 trillion, a milestone achieved through significant capital influx over the years.
Conclusion
Bitcoin's journey from a $1 million to a nearly $1 trillion realized cap underscores its maturation. While growth has slowed, each milestone requires exponentially more capital, reflecting Bitcoin's evolving role in the financial landscape. Bitcoin Pizza Day reminds us of the asset's transformative potential and resilience.
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