Magic Eden’s Pizza Sats Collection Celebrates Bitcoin Pizza Day, Generates $10M in Sales
May 23, 2024Magic Eden launched a limited collection, Pizza Sats, on its Bitcoin platform to celebrate Bitcoin Pizza Day.
Bitcoin Pizza Day commemorates Laszlo Hanyecz's historic purchase of two pizzas for 10,000 BTC in 2010, now valued at over $700 million.
This transaction marked the first time bitcoin added value to its users, leading to the creation of Bitcoin Pizza Day.
The Pizza Sats collection consists of 11,100 ordinals on the Bitcoin blockchain and has generated over $10 million in trading sales.
On this landmark day, the crypto community celebrates Hanyecz for his pioneering use of bitcoin.
Analysts speculate that Bitcoin's value could reach $1 million in the next decade, potentially making Hanyecz's pizzas worth a staggering $10 billion.
This event underscores Bitcoin's evolution from a niche internet currency to a mainstream asset.
UK regulators have approved crypto ETPs, and Ethereum ETF applicants are adjusting their plans, signaling growing acceptance of cryptocurrencies in traditional finance.
Investors are reminded to conduct thorough research before making investment decisions in this dynamic landscape.
Summary based on 25 sources
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Sources
Medium • May 22, 2024
Bitcoin Pizza Day - ShapeShift - MediumYahoo Finance • May 23, 2024
It's Bitcoin Pizza Day: The Story Behind $700 Million In BTC Spent on One DinnerPR Newswire • May 22, 2024
Celebrate Bitcoin Pizza Day with YouHodler: Free Pizza, Crypto Fun, and Cultural Heritage in ItalyInternational Business Times • May 23, 2024
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