Bitcoin’s Pizza Day: From Dough to Dollars, a Slice of Fortune! 🍕💰

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Ah, dear reader, on the illustrious Thursday of May 22, the ever-elusive Bitcoin has ascended to a staggering height of nearly $112,000, a feat that would make even the most stoic of mathematicians weep with joy. This remarkable rise, a mere 4% daily gain, has been chronicled by the ever-reliable Coingecko, as if it were the latest scandal in high society.

In a delightful twist of fate, our beloved Bitcoin has eclipsed its previous zenith of $109,500, embarking on a new adventure in price discovery, much like a dandy in search of the perfect cravat. The total crypto market capitalization now flirts with the tantalizing figure of $3.6 trillion, though it still lags behind its former glory of $3.9 trillion, a reminder that even the most splendid of parties can have its dull moments, especially when altcoins are as lively as a damp sponge.

Grand Bitcoin Escapades

Since the dawn of the year, our dear Bitcoin has gallantly surged over 17%, and since its dramatic plunge to $75,000 on April 7, it has rebounded with a flourish of approximately 47%. This momentum, dear friends, is not merely the whim of the wind but is propelled by the grand institutions, those titans of finance, as they eagerly accumulate this digital treasure.

In the United States, the Spot Bitcoin ETFs have basked in six consecutive days of inflows, amassing a princely sum of over $2 billion. Meanwhile, the likes of Michael Saylor’s Strategy and the Japanese investment firm Metaplanet are hoarding BTC as if it were the last bottle of champagne at a soirée.

On this fateful day, the astute Digital Capital Strategist, Jeff Walton, proclaimed that Strategy is “the apex Bitcoin accumulator,” having procured a staggering 324,000 BTC in a mere eight months. One cannot help but chuckle at the thought that this is 105,000 more Bitcoin than every other company with BTC on their balance sheets combined. Truly, a feat worthy of a standing ovation!

“That is 105,000 more Bitcoin than every single company that has BTC on balance sheets combined,” he added, with a wink.

With the new Bitcoin all-time high, Strategy’s unrealized profit has soared to a dizzying $23.5 billion, making their stash worth an eye-popping $63.7 billion, as per the Saylor Tracker. One can only imagine the lavish soirées that such wealth could fund!

Yet, amidst this financial jubilation, the retail front remains as quiet as a church mouse, with macroeconomic clouds looming ominously, inflation woes creeping in like an unwelcome guest, and social sentiment languishing at bear market lows. Ah, the irony of it all!

Every person who bought Bitcoin and held is in profit.

— HODL15Capital (@HODL15Capital) May 22, 2025

Our dear analyst “CrypNuevo” has predicted that there shall be “more to come in the following weeks and months,” with a tantalizing forecast of at least $115,000. How delightfully optimistic!

Bitcoin Pizza Day: A Culinary and Financial Milestone

May 22 is not merely a date; it is a celebration of Bitcoin Pizza Day, commemorating the first time this digital currency was used to procure something as delightful as a pizza. Fifteen years ago, the intrepid programmer Laszlo Hanyecz exchanged 10,000 BTC for two Papa John’s pizzas, a transaction that would make any gourmand swoon.

At that time, Bitcoin was worth a mere $0.0041, making the pizzas cost around $40. Today, those same pizzas would be valued at an astonishing $1.1 billion, a testament to the unpredictable nature of fortune and folly.

Hanyecz’s legendary pizza purchase has become a cornerstone in the annals of Bitcoin history, illustrating the remarkable journey of this asset from obscurity to opulence.

Happy Bitcoin Pizza Day, dear friends! May your wallets be as full as your stomachs!

15 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John’s pizzas for 10,000 $BTC. Today, those pizzas would be valued at over $1.07B today.

Happy #Bitcoin Pizza Day, everyone!

— CoinGecko (@coingecko) May 22, 2025

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2025-05-22 08:32