Magic Eden’s Pizza Sats Collection Celebrates Bitcoin Pizza Day, Generates $10M in Sales

May 24, 2024
Magic Eden’s Pizza Sats Collection Celebrates Bitcoin Pizza Day, Generates $10M in Sales
  • Magic 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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