#BinancePizza

Looking back, Bitcoin Pizza Day commemorates the day when Laszlo Hanyecz, a programmer, paid 10,000 BTC for two pizzas on May 22, 2010 — the first known transaction where Bitcoin was used to purchase a physical product. Since then, this date has symbolized the growing adoption of cryptocurrencies worldwide.

Bitcoin keeps growing

The most famous cryptocurrency worldwide approached its all-time high this Wednesday. After overcoming moments of instability, Bitcoin surpassed $61,000 and continued its relentless rise since the approval of a new type of investment indexed to the cryptocurrency.

Early in the afternoon, Bitcoin was trading around $60,301, narrowing the gap with the record of $68,991 reached in November 2021.

The anticipation of the approval of a new investment product that would follow Bitcoin's price contributed in recent months to a recovery in prices.

The amount of the cryptocurrency had declined at the end of 2022 after the bankruptcy of several giants in the sector, such as FTX, the second-largest cryptocurrency exchange.

This new form of investment, a Bitcoin-indexed fund (ETF), theoretically allows a broader audience to invest in these cryptocurrencies without having to own them directly.

It was approved on January 10 by the U.S. market regulator, the Securities and Exchange Commission (SEC).

The start of the commercialization of this product "generated a new wave of optimism that skyrocketed transaction volumes," said Mikkel Morch from the specialized fund ARK36.

Investment products linked to listed crypto assets have attracted about $5.7 billion since the beginning of the year, according to calculations by the asset manager CoinShares published on Monday.