In 2021, ETH grew thanks to a simple scheme: applications attracted users → those attracted liquidity and developers → all of this generated income for the protocol, investors, and users. And then something went wrong. ETH has lost 72% against Bitcoin and 84% against Solana over the last 900 days. And this is not just volatility — the market began to perceive Ether differently.
15 years ago, programmer Laszlo Hanyecz entered the history of cryptocurrency by making the first real purchase with Bitcoins: He exchanged 10,000 BTC for two pizzas worth about $41.
At the current exchange rate, that's already $1.1 billion or 10,300 kg of gold!
Since then, the crypto community celebrates Bitcoin Pizza Day every year on May 22!
The most symbolic thing is that today $BTC is at its all-time high — $110,000.
#Bitcoin Pizza Day is a reminder of how far Bitcoin has come in 15 years: from buying pizza to an asset with a market capitalization of over $2.2 trillion.
Happy holiday! Don't forget to eat a slice of pizza 🍕