A 15-year price curve at an all-time high: we're going to be part of history

Currently, the price of Bitcoin has broken through $110,000, hitting an all-time high. May 22 coincides with the annual "Pizza Festival", a spontaneous anniversary formed by the crypto community, which once again draws attention back to the moment that changed history 15 years ago - the $1.1 billion pizza.

1. The starting point of a value enlightenment

The Bitcoin network in 2010 was still in the stage of "primitive society", the computing power of the whole network was less than one trillionth of today's, the exchange had not yet been born, and most of the holders were geeks and technology enthusiasts. When Laszlo proposed "Bitcoin for pizza" in a forum post, the "value pegging" of cryptocurrencies was still blank.

On May 22, 2010, American programmer Laszlo Hanyecz bought two Papa John's pizzas for 10,000 bitcoins, marking the first time Bitcoin was used as a means of payment in the real world. At the time, the 10,000 bitcoins were worth about $41, with an average value of just $0.0041 per bitcoin.

Now, 15 years later, those two pizzas are worth a staggering $1 billion based on Bitcoin's price of breaking $100,000. This number not only became a milestone in the early development of Bitcoin, but also revealed the epic leap of the cryptocurrency from a marginal experiment to a global asset.

2. The

Bitcoin price curve in the past 15 years

has changed from $0.0041 to $110,000 15 years later bitsCrunch.com. The chart below shows the price performance of Bitcoin at the Pizza Festival over the years.

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