Overview
- On May 22, 2010 a programmer, Laszlo Hanyecz, paid 10,000 BTC for two Papa John’s pizzas to test whether Bitcoin could be used for real payments.
- Those 10,000 coins are valued at roughly $770–775 million based on current prices, a figure widely cited in coverage of the 16th anniversary.
- Bitcoin is trading near $77,000 after a recent pullback from higher levels, and the total crypto market cap sits around $2.65 trillion according to market reports.
- Coverage stresses investor discipline: advisers recommend a small allocation, a written investment thesis, and readiness for sharp price swings given Bitcoin’s history of major crashes and recoveries.
- Reporting notes that U.S. spot Bitcoin ETFs and corporate holdings helped drive institutional inflows and that industry estimates put Indian investors at about 5% of circulating supply, reflecting broader global participation.