BTC History Review - From Bitcoin pizzas to Bitcoin reserves

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BTC History Review - From Bitcoin pizzas to Bitcoin reserves

 
Almost fifteen years after Bitcoin Pizza Day, when Laszlo Hanyecz traded 10,000 BTC for two pizzas, Bitcoin has transformed from a quirky experiment to a cornerstone of global finance. Once a curiosity, Bitcoin now trades above $80,000, with exchange-traded products drawing over $90 billion in their first year – surpassing those of gold and reaching a market cap that peaked above $2 trillion.

Last week, Bitcoin earned its most fantastic accolade: serving as a reserve asset. At the recent White House crypto summit, President Trump reaffirmed his vision to make the U.S. a “Bitcoin superpower,” promising to reverse restrictive policies and boost crypto holdings. This commitment was further underscored by a key executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, ensuring Bitcoin will be preserved as a long-term asset, similar to a digital Fort Knox.

Here are Bitcoin’s latest laurels:

• Reserve developments: The executive order mandates that $17 billion worth of Bitcoin be held as a strategic reserve for the long term.
  
• Crypto summit: President Trump committed to lifting restrictions on crypto, focusing on building U.S. holdings.
  
• Treasury Secretary’s stance: Treasury Secretary Scott Bessent confirmed that the current Bitcoin stockpile will be maintained, hinting at future acquisitions.
  

As Bitcoin continues to reaffirm, the question becomes: What’s next? More nations could follow the U.S. example by establishing their own national Bitcoin reserves. This move might trigger a wave of demand and potentially lead Bitcoin to its first seven-digit price. With increasing utility, strong institutional support, and growing government acceptance, that could all be a matter of time.

 

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