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Cryptocurrency celebrates its anniversary with Bitcoin Pizza Day
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As is common every May 22nd, Bitcoin celebrates another edition of Bitcoin Pizza Day, an event that has been taking place since 2010. Despite the special celebrations that take place every year, in 2024 there is one more reason to celebrate as crypto currency comes with an increase in its assets such as ETF Bitcoin and Halving, approaching values ​​of US$70 thousand, reaching a historic record for Bitcoin.

What is Bitcoin?

Bitcoin is a decentralized digital currency, also known as a cryptocurrency, that functions as a global payment system. It was created in 2009 by an anonymous individual or group of individuals under the pseudonym Satoshi Nakamoto.

The main features of Bitcoin are the decentralization of the currency, which is not controlled by any government institution. Furthermore, there are factors such as transparency, security and supply limitation, that is, it is not possible to inflate the currency artificially as there are only 21 million units of the cryptocurrency that can be bought or sold.

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In addition to Bitcoin, there are other cryptocurrencies such as Ethereum, Tether and Binance Coin.

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Bitcoin Pizza Day

The anniversary of the cryptocurrency Bitcoin is also celebrated for the first commercial transaction in history to be made through cryptocurrencies. On May 22, 2010, a programmer named Laszlo Hanyecz bought a pizza for 10,000 bitcoins, which at the time was worth about $40.


Laszlo Hanyecz and his children with pizzas bought with 10 thousand Bitcoins (Photo: Reproduction/The Sun)


To everyone's surprise, today these 10 thousand bitcoins are worth around US$600 million. For crypto experts, the date is a milestone in the history of bitcoin as it reaffirmed its commercial value compared to other traditional currencies, even without having forces or platforms that drive its purchase.

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It is difficult to predict Bitcoin's behavior in the short term, but in the long term the results of the last 15 years show that the currency is appreciating positively. A concrete example is a person who bought cryptocurrency during Bitcoin Pizza Day in 2023 and kept it throughout the year, today they could sell the currency for 14% more than they paid.

Featured Photo: Bitcon Pizza Day (Photo: Reproduction/Twitter/DannyCrypt)

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Cryptocurrency celebrates its anniversary with Bitcoin Pizza Day

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