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Bitcoin Pizza Day, celebrated every May 22, commemorates the first real-world Bitcoin transaction in 2010, when programmer Laszlo Hanyecz famously spent 10,000 BTC (today worth roughly $1.1 billion) on two pizzas.
It has been 15 years since this historic event, yet the numbers remain astounding, and crypto ranking platform CoinGecko has released another eye-opener.
In a recent tweet, CoinGecko highlighted how the Bitcoin price changed on May 22, 2016, up 25,535% since then and 59% higher since 2024. In its tweet, CoinGecko shared a graphic comparing BTC prices each year since May 22, 2016.
In 2016, Bitcoin traded at $439. In 2017, the Bitcoin price had surpassed $2000, trading at $2109 on May 22, 2017.
Bitcoin was worth $8,355 on the same date in 2018 but only $7,958 in 2019. Bitcoin traded at $9,060 on May 22, 2020, and $37,340 in 2021. In 2022, the Bitcoin price fell to $29,492, and on May 22, 2023, it reached $26,774. Bitcoin's price in 2024 was $70,190, and on May 22, 2025, it hit $111,456.
Bitcoin skyrockets
At press time, BTC was up 4.1% in the last 24 hours, after reaching all-time highs of $111,903 in the early Thursday trading session.
After 121 days, Bitcoin has surpassed its all-time high, setting new records for market capitalization and realized cap.
According to Glassnode, Bitcoin's Realized Cap is approaching $1 trillion in its next major milestone. It took only two years to go from $1 million to $1 billion (2011-2013), but over six years to go from $100 billion to $1 trillion. As BTC matures, growth slows, and each leap requires exponentially more capital.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team