Bitcoin Pizza Day, 15 years ago the first transaction: two pizzas for 10 thousand « coins », which today are worth 1 billion dollars

The community of fans and supporters of Bitcoin meets in various cities of Italy, from Catania to Milan, to celebrate the « Bitcoin Pizza Day « . Exactly 15 years ago, on May 22, 2010there was The first transactionof which we have news, which gave an economic value measurable to Bitcoin: Two pizzas worth about 40 euros were paid with 10 thousand bitcoinsThat At the current change they are equivalent to over a billion dollars.

Since then, the virtual currency created by Satoshi Nakamoto di Strada has made it, considering that today with 1 only bitcoin, which is worth about 110 thousand dollars, Over 5,500 pizzas could be bought (considering a price of 20 euros for a pizza). «This is enough to understand the value of the Crypto world and Bitcoin in particular, who did not even die on this tour. Indeed, it is here to stay, and it is now clear to everyone », comments Ferdinando Ametrano, founder of Chescksig.

After the correction of the beginning of the year, which has seen the prices collapsed by over 20%, in recent weeks Bitcoin has returned to roar, and on the eve of Bitcoin Pizza Day he updated his Historical maximums, touching 109,450.5 dollars (Investing.com data). « The fact that Bitcoin has established a new record must be seen as the beginning of a cycle, and not as the end – points out Adrian Fritz, Head of Research of 21shares -. Unlike what was observed in the past, when the market rally were mainly due to the movements of retail investors, the race we are witnessing today is based on much more solid fundamentals: Investment affluent by institutional players, a favorable macroeconomic context and the strongest contraction in the Bitcoin offer of history. Thanks to these and other favorable factors, including the loosening of commercial tensions between the USA and China, we believe that Bitcoin is in the position to continue growing ».

And Ametrano is also convinced of this, which within the next 12 months sees new historic tops on higher levels than the current ones: «The main driver will be the opening to the world of cryptocurrencies of traditional European banks – argues -. The Spanish Bbva, which by capitalization is among the first 10 credit institutions of the old continent, He has already launched the trading and custody service of Bitcoin and Ethereum, acting as a forerunner to the other banks. And it will be the European capitals that will arrive on the market through the various operators, with an almost comparable influx to what we have seen in the United States with the launch of the first ETFs on Bitcoin, to guide the next upward wave».

In short, the range of potential investors is intended to widen considerably, still underlines Ametrano: «Many savers still retain a certain distrust. Consequently, a reasonable curiosity or the desire to diversify is slowed down by the fact of not having reliable intermediaries. But this picture will change radically when the traditional banks They will allow you to invest in Bitcoin and other cryptocurrencies », concludes Ametrano.