Everything really just started from a pizza.
On May 22, 2010, an ordinary programmer exchanged 10,000 bitcoins for two pizzas in Florida. At that time, it was just a plaything for some geeks; but today, 10,000 bitcoins are worth $1.1 billion, comparable to the market value of a listed company.
This day is now known as 'Bitcoin Pizza Day,' one of the most commemorative nodes in the entire crypto circle. And on May 22, 2025, as we stand at the fifteenth year of this financial revolution, we will realize when re-examining Bitcoin:
It was never the invention of a single person, but a systematic rewriting of the rules of 'trust' and 'value.'
1. How did Bitcoin transform from a geek's toy into a global asset?
The road it has traveled is more rugged than any asset: No venture capital, no government endorsement, no IPO bell-ringing, only countless price fluctuations and the community's stubborn persistence.
Looking back at key moments:
2010: 10,000 bitcoins exchanged for two pizzas, moving from 'code' to reality
2011: First broke through $1, only to be pulled back into the abyss by a hacker attack
2013: The Cyprus banking crisis turned Bitcoin into a 'safe-haven asset,' with prices skyrocketing, followed by regulatory crackdowns
2017: The ICO bull market that everyone celebrated, with $20,000 becoming the mythical peak
2018: The bubble burst, prices halved, entering another winter
2020–2021: The pandemic, stimulus, Tesla, and ETF expectations converged, and Bitcoin soared to $69,000 again
2022: FTX's collapse and the arrival of the rate hike cycle saw BTC drop to $15,000 at one point
2023–2025: The fourth halving, ETF approval, institutional entry, Bitcoin reached the $100,000 mark, entering a new era
Behind every peak is blood, and behind every crash is faith.
Bitcoin is not a product of linear growth, but an 'evolved species' that has emerged from countless deaths.
2. Cycles and Halving: Bitcoin's 'DNA Rhythm'
If you have studied Bitcoin's price cycles, you will find that it behaves like the tides of nature, with an extremely regular four-year cycle.
Why four years?
Because Bitcoin's block reward is halved every four years, from the initial 50 coins every ten minutes to the current 3.125 coins. It is the first completely predefined deflationary model in human history, without a central bank or willful intervention.
Each halving tightens supply, combined with a warming sentiment, is accompanied by a periodic bull market outbreak. From the halving in April 2024 to just a month ago, Bitcoin broke through $100,000; this may just be the warm-up.
Note: The gains in each bull market are decreasing, but structural reconstruction is strengthening. This is a sign that Bitcoin is 'transforming from an asset into a currency.'
3. At this moment, we are in the midst of the 'Fourth Bull Market'
Standing at this time point in May 2025, many people are worried whether the 'bull market is about to end.' However, from historical analysis and on-chain data:
Bitcoin has just surpassed $100,000, according to cyclical valuation models, there is still at least a 30% upside potential.
ETF funds continue to see a net inflow, indicating that major funds have not yet cleared out.
The BTC inventory on exchanges continues to decline, and selling pressure is getting smaller.
The proportion of long-term holders has reached a new high, speculators are decreasing, and believers are increasing.
More importantly: this round of the bull market is not a 'storytelling bull market,' but a re-pricing bull market.
In the past, Bitcoin's rise relied on concepts and speculation;
Now, its rise comes from the financial system's shift in perception towards 'alternative reserve assets.'
This is the real turning point of the underlying logic.
4. Mlion.ai Perspective: What trend signals can we see?
Through Mlion.ai's on-chain sentiment monitoring, whale address analysis, and cyclical strategy modeling, we can clearly observe that:
Major addresses have started to enter a 'waiting and accumulating period,' rather than concentrated selling;
Altcoins are beginning to show localized movements, and it is expected that the altcoin season will gradually start in early June;
Although the Federal Reserve has hinted at interest rate cuts, it is simultaneously withdrawing liquidity, and the market will face a critical adjustment;
The cyclical diagrams and asset rotation strategy suggestions provided by Mlion.ai can help users effectively switch positions in the next stage, transitioning from Bitcoin's main surge to the sector rotation stage, allowing for early positioning in potential explosive coins.
5. The final question: Do you still want to participate in this 'money reconstruction'?
Bitcoin is no longer just a utopia for a few to fight against fiat currency; it has become:
A sovereign asset hedge alternative
A hedge patch for traditional investment portfolios
A digital gold standard to combat inflation and control in the AI era
You are not speculating on a coin, but participating in an experiment to reshape the global financial order with a portion of your assets.
If you believe that the future of currency will move towards decentralization and that value should not be infinitely diluted, then you should understand:
Now is not the time for chasing prices up and down; it is the moment to take a stand.
Conclusion:
From a pizza to today's $110,000 Bitcoin;
From a geek's toy to a new coin in the financial system;
This revolution is not for speculation, but a redesign of the future value system.
You may have missed the initial two pizzas,
But you don’t have to miss the next storm about 'currency freedom.'
$BTC