Bitcoin Breaks $111,000 on Pizza Day
Bitcoin, the most popular digital money in the world, has reached a new record. It now costs more than $111,000 for just one Bitcoin. This big news happened exactly 15 years after someone used Bitcoin to buy pizza for the first time.
On May 22, 2010, a man named Laszlo Hanyecz used 10,000 Bitcoins to buy two Papa John’s pizzas in Florida, USA. Today, those same Bitcoins would be worth more than $1.11 billion! That day is now called Bitcoin Pizza Day.
Why Did Bitcoin Go Up?
According to a website called CoinDesk, Bitcoin hit $111,816 early Thursday morning. Here’s why the price went up:
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Big investors are buying more Bitcoin through special funds in the USA.
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People think the U.S. central bank might lower interest rates in 2025, which helps digital money.
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New laws about digital money are being discussed in the USA, and this gives people hope.
Just a few days ago, Bitcoin passed $105,000, a price it hadn’t reached since January.
From Pizza to Billion-Dollar Asset
Bitcoin started in 2009. At first, it was just an idea made by someone named Satoshi Nakamoto (no one knows who this really is). In 2010, Laszlo used Bitcoin to buy pizza. That was the first time Bitcoin was used to buy something real.
Since then, Bitcoin has become like “digital gold.” People buy it to keep their money safe. The price goes up and down, but over time, it has grown a lot.
Crypto Market Now Worth $2.65 Trillion
Because Bitcoin went up, other digital coins like Ethereum, XRP, and Dogecoin also went up. Now, all digital coins together are worth over $2.65 trillion. That’s $250 billion more than last week.
Experts say Bitcoin staying above $100,000 is a good sign. But some think people might start selling soon to make profits.
What Happens Next?
Some people think Bitcoin will keep going up:
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A big bank says Bitcoin could reach $120,000 soon, and $200,000 by the end of 2025.
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Some even say it could go as high as $300,000.
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But others warn it might drop later maybe even down to $60,000 in 2026.
Why This Day Is Special
Bitcoin hitting this big price on Pizza Day is very special. 15 years ago, Bitcoin bought a pizza. Today, that same Bitcoin is worth over a billion dollars. It shows how much things have changed.
Bitcoin has come a long way in 15 years, from buying pizza to becoming a huge part of the financial world. What happens next depends on the economy and new laws.
For now, Bitcoin is still growing, and people all over the world are watching closely.
