It's been 14 years since Lazlo Hanyecz, a US man, bought a pizza using his cryptocurrency. In May 2010, he traded 10,000 BTC for two large pizzas via a deal on the BitcoinTalk forum, with the BTC valued at approximately $41 at that time. Today, those 10,000 BTC are worth over $69,000, reflecting the massive appreciation in Bitcoin's value.

The global community marks this day by speculating on Bitcoin's future, often noting significant activity on May 22. Starting from 2016, BTC's value rose from $442, to about $2,000 in 2017, $8,400 in 2018, and peaked at $39,000 in 2021. With Spot Bitcoin ETFs on the horizon, a major surge in BTC value is anticipated.

Bitcoin has already increased by 12.80% in the past week and 5.25% in the last 30 days, with its current value at $69,734.29. Bitcoin dominates the crypto market with over 50% global share, although its market cap and 24-hour trading volume recently declined by 1.94% and 21.89%, respectively.

BTC is expected to see significant growth soon, with potential resistance levels at $75,000 and $84,000, and possibly reaching $100,000 by year-end. Analysts predict BTC could hit $150,000 by the end of 2024. The approval of 11 Spot Bitcoin ETF applications has spurred interest, allowing traders to engage with Bitcoin without directly owning it.

Approval of the Spot Ether ETF could further benefit Bitcoin, as diversification into altcoins like Ether may reduce pressure on BTC without harming its value. Additional factors influencing BTC's rise include potential Federal Reserve rate cuts and increased investor risk appetite, which could boost liquidity in the crypto market.

As Bitcoin Pizza Day is celebrated, the community watches Bitcoin's movements amid market volatility and uncertainty, anticipating further developments.