Bitcoin Pizza Day: 10,000 BTC for pizzas now worth over $767M as Iran dey claim BTC casualties

Published: 2026-05-23 00:30:24 |

Bitcoin Pizza Day dey mark 16 years since Laszlo Hanyecz offer 10,000 BTC for two Papa John’s pizzas for May 2010. For that time, BTC price be about $41. Using current levels, the same 10,000 BTC don value now over $767M (and for BTC near Oct 2025 ATH around $126,000, e value pass $1.2B). WazirX founder Nischal Shetty talk say the episode show Bitcoin fit work as medium of exchange, even when network get only few hundred daily transactions and almost no payment infrastructure or institutional involvement. The latest angle dey tie the milestone to nation-state adoption story: reports say Iran talk say oil ships fit pay Strait of Hormuz tolls using Bitcoin, US dollars, stablecoins, and yuan. But Bitcoin Policy Institute research no find on-chain evidence say BTC don dey used for those oil toll payments so far, and dem say Tether’s USDT still be the dominant method. For traders, BTC Pizza Day na mainly sentiment/adoption narrative. Short-term price impact likely small because the state-level BTC claim no get confirmed follow-through on-chain.

Neutral

Bitcoin Pizza Day na wan big milestone wey everyone sabi and e dey usually boost sentiment pass fundamentals. Di WazirX founder point show say Bitcoin fit early work as medium of exchange, but e nor dey bring any new protocol change or direct BTC utility catalyst. Di market-relevant update na di Iran toll-payment claim, wey fit for theory support di “nation-state adoption” story. But Bitcoin Policy Institute no find on-chain evidence for BTC oil toll payments, so e reduce di chance say e go bring immediate tradable momentum. If traders treat am like just another narrative headline (and USDT still dey dominate any real settlement), di likely effect on BTC sef go more neutral than bullish. For short term, expect mainly meme/news-cycle flows and positioning around “adoption” headlines. For long term, any sustained, verifiable government usage go matter—but dis specific report right now no get confirmed on-chain follow-through, so overall impact remain balanced.