Currently, the price of Bitcoin has surpassed $110,000, setting a new historical high. On May 22, coinciding with the annual 'Pizza Day', this anniversary, spontaneously formed by the cryptocurrency community, once again draws people's attention back to that moment 15 years ago that rewrote history—the pizza worth $11 billion.
The Bitcoin network in 2010 was still in the 'primitive society' stage, with its total computing power less than one trillionth of today's, exchanges had not yet emerged, and holders were mostly geeks and tech enthusiasts. When Laszlo posted on the forum proposing 'to buy pizza with Bitcoin', the 'value anchoring' of cryptocurrency was still a blank slate.
On May 22, 2010, American programmer Laszlo Hanyecz bought two Papa John's pizzas for 10,000 Bitcoins, marking the first use of Bitcoin as a payment method in the real world. At that time, those 10,000 Bitcoins were worth about $41, averaging just $0.0041 per Bitcoin.
Fifteen years later, based on the price of Bitcoin surpassing $100,000, the value of those two pizzas has now reached an astonishing $1 billion. This figure not only marks a milestone in the early development of Bitcoin but also reveals the epic leap of cryptocurrency from a marginal experiment to a global asset.
From $0.0041 to $110,000 fifteen years later, by sorting through historical Bitcoin price data from May 22, we can clearly capture the key cycles and driving logic in its development trajectory, according to data from bitsCrunch.com.
