On “Bitcoin Pizza Day”, the market capitalization of Bitcoin surpassed that of Amazon, and its price reached a record high.
May 22nd is “Bitcoin Pizza Day”. On this day, the price of Bitcoin reached a record high, breaking through $111,000. Its market capitalization also exceeded that of Amazon, reaching 2.205 trillion US dollars, while Amazon’s market capitalization was 2.135 trillion US dollars.
Experts believe that Bitcoin’s market capitalization surpassing that of Amazon is a symbolic milestone that may boost the confidence of mainstream investors. Institutional investors are playing an increasingly important role in the digital asset sector. For instance, BlackRock’s Bitcoin ETF has continuously attracted capital inflows, driving up the price of Bitcoin. In addition, as a decentralized asset, Bitcoin’s fixed supply and resistance to censorship have also attracted many investors.
“Bitcoin Pizza Day” originated on May 22, 2010, when programmer Laszlo Hanyecz bought two Papa John’s pizzas with 10,000 bitcoins. At that time, the value of Bitcoin was only $0.0041 and the purchase cost was approximately $40. According to the current price, the value of these two pizzas is approximately 1.1 billion US dollars.
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