Bitcoin Pizza Day, Can It Boost BTC Prices?

[Suba]

Tracing the journey of Bitcoin which has uniqueness and several historical moments, one of which is Bitcoin Pizza Day which is celebrated every May 22, where a Bitcoin miner from Florida named Laszlo Hanyecz made an advertisement on the Bitcointalk forum to exchange 10,000 Bitcoins for 2 Pizzas. Not long after, Laszlo's offer was accepted by someone by sending two packs of Papa John's pizza which at that time cost around $ 40. which means one Bitcoin is valued at 0.0004. Since this event, it has been known as Bitcoin pizza day.

The Impact of Bitcoin Pizza Day on Bitcoin Prices
Many people out there ask: Will Bitcoin Pizza Day increase the price of Bitcoin? What is your answer? please comment!

 

[magnus2022]

If you want to know if bitcoin pizza today will affect the price of bitcoin, the best bet is to check the precedent of the event. If the precedent don't show that bitcoin do rise, you better accept it. In my opinion, it is unlikely to affect the price of bitcoin because it is trivial and don't have deep economic effects.

 

[Trush Jodie]

I don't think that the pizza day is enough to affect the price of bitcoin. No chances bitcoin would rise around that day.

 

[Suba]

Tracing the history of Bitcoin day, on May 22, 2022 to May 31, 2022, the price of Bitcoin rose by about 6%. and today the price of Bitcoin is also starting to creep up, but I think it is not related to Bitcoin day but is caused by other factors.

 

[riberet19]

It could happen, it's a holiday for the Bitcoin world, it could lead to more Bitcoin being bought in general by institutions, whales, and retail investors.