Summary
- Bitcoin surpassed $110,000, bringing renewed attention to the past transaction of purchasing two pizzas, known as Bitcoin Pizza Day.
- The past value of 10,000 BTC is now approximately 1.5 trillion won.
- JP Morgan Chase's Jamie Dimon is showing a conciliatory attitude towards cryptocurrencies, increasing expectations for institutional adoption.
As the price of Bitcoin (BTC) surpassed $110,000 for the first time in history, 'Bitcoin Pizza Day' is once again in the spotlight.
According to CoinMarketCap on the 22nd (local time), Bitcoin exceeded $110,000 on this day, setting a new record high. Coincidentally, this day marks the historic transaction in 2010 when an American programmer purchased two pizzas for 10,000 BTC. The value of 10,000 BTC, which was about $41 at the time, is now approximately 1.5 trillion won as of today.
Since then, May 22nd has been commemorated annually as 'Bitcoin Pizza Day', becoming a representative cultural event in the virtual asset industry. The industry uses this day to reflect on Bitcoin's potential for real-world transactions and its symbolic turning point.
Meanwhile, there is analysis suggesting that expectations for institutional adoption have increased as the possibility of passing stablecoin regulatory legislation in the US Congress rises, and JP Morgan Chase's Jamie Dimon shows a conciliatory attitude towards cryptocurrencies.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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