1 Pizza 10000 Bitcoin to 1 pizza $1.1 Billion cost: Happy Bitcoin Pizza Day

Bitcoin’s market capitalisation surpassed that of retail and tech titan Amazon on “Bitcoin Pizza Day.”

Imagine just before 15 years 1 Pizza 10000 Bitcoin to 1 pizza $1.1 Billion cost: Happy Bitcoin Pizza Day

Market data indicates that Bitcoin (BTC) had a market capitalization of $2.205 trillion at the time of writing, exceeding Amazon’s valuation by about 70 billion dollars.

“By surpassing Amazon in terms of capitalization, Bitcoin has drawn even greater attention from non-crypto audiences,” according to Alex Obchakevich of Obchakevich Research.

Obchakevich believes the latest rally “will restore faith in Bitcoin, leading to new investments into its market.” Bitcoin recently set an all-time high price, now trading above $110,000; according to Obchavich this will attract both individual investors as well as larger funds looking for investment opportunities.

Obchakevich noted the growing influence of institutional players in the digital asset space:

“BlackRock overtook Binance as the second-largest cryptocurrency holder behind Satoshi Nakamoto in May.
Hassan Khan, CEO of Bitcoin liquidity platform Ordeez, explained to Cointelegraph that there has been an unprecedented shift in Bitcoin’s role as both an alternative asset class and benchmark currency.

As cryptocurrency market prices reach new highs, more people are participating.

According to data provided by CoinMarketCap, cryptocurrency market cap currently stood at $3.49 trillion at the time of writing, representing nearly 6% less than its all-time peak of $3.71 trillion reported at the end of 2024.

Further CoinMarketCap data indicates that Bitcoin exchange-traded funds (ETFs) saw nearly $604 million of net inflows on May 21. Crypto derivatives currently account for an open interest of $756.16 billion for perpetual swaps and $3.24 billion for futures contracts, according to Obchakevich. He shared his outlook regarding its direction:

“Bitcoin prices have steadily been on their way toward $200,000 since 2010, with small adjustments along the way,” according to Khan, and that this year we should see it somewhere between $150,000 and $90,00,000. He pointed out that recent net inflows to ETFs and increasing open interest demonstrate institutional confidence is growing; looking ahead, he mentioned.

Today is an especially significant day for Bitcoin! Short term profit taking and macro rate uncertainty may be slowing momentum, yet below-the-surface metrics continue to point towards strong conviction. Furthermore, this cycle’s foundation appears more secure than any previous one.” This marks an historic day in its journey.

Today is “Bitcoin Pizza Day,” an annual commemoration of May 22, 2010 when Laszlo Hanyecz became the first individual to purchase goods using Bitcoin, purchasing two Papa John’s pizzas for $10,000 BTC.

“What was once considered a highly speculative risk has become a legitimate asset class,” commented Ulli Spankowski, chief digital officer at Boerse Stuttgart Group.

Spankowski highlighted how Bitcoin currently commands an estimated market capitalisation of over US $2 Trillion and ranks fifth globally behind gold and the three most valued publicly traded companies.

The journey of Bitcoin started with a penny to Pandora’s box, which is an indication of the shifting of the new age economy towards digitalization. In spite of the mega journey, people are still afraid to invest in Bitcoin due to the risk involved and the lack of regulations. To ride your investing growth story with the Bitcoin’s growth, you should know the crypto safe game and then invest.