Bitcoin Reaches New Record High: Over $111,000 on Pizza Day!

Bitcoin Reaches New Record High: Over $111,000 on Pizza Day!

On May 22, 2025, Bitcoin reached a new all-time high of over $111,000. This day commemorates Bitcoin Pizza Day, which commemorates the legendary purchase of two pizzas 15 years ago by programmer Laszlo Hanyecz with 10,000 Bitcoins. At the time, this amount was worth about $41, but now the value of these Bitcoins has risen to over $1 billion. Hanyecz saw his transaction as a personal triumph rather than an investment, while the student who delivered the pizzas quickly spent the Bitcoins he received on travel and video games. Bitcoin price rose in May after falling below $70,000 in April. The new high was reached on the morning of May 22nd and is causing great excitement within the crypto community.

The Bitcoin price started at around $0.003 in 2010 and has experienced dramatic volatility since then. The sharp price increase in May 2025 is due to several factors. A key catalyst was the approval of spot Bitcoin ETFs in January 2024. These ETF approvals have resulted in inflows of $4.2 billion in May 2025, pushing these products' assets under management to over $113 billion. Institutional investors and a more favorable regulatory environment are driving demand for Bitcoin, resulting in Bitcoin being increasingly viewed as “digital gold.”

Market situation and forecasts

Although Bitcoin has reached an all-time high, the overall market capitalization of all cryptocurrencies is still suffering from historical highs. Bitcoin currently has a dominance of around 63 percent in the crypto market, the highest since 2021. In euros, the Bitcoin price is below 98,000 euros, having already risen above 100,000 euros in January. This is also influenced by the euro exchange rate of 1.13 dollars. Ethereum, on the other hand, is showing weak performance compared to Bitcoin, while Ripple (XRP) and Tron (TRX) are showing positive developments. Monero (XMR) has developed significantly and is currently at just under $400. Dogecoin, on the other hand, is recovering only slowly.

Analysts expect Bitcoin could reach $125,000 in the short term, with a potential price between $150,000 and $200,000 by the end of the year. In the long term, forecasts suggest that Bitcoin could even reach a price of over $1 million. However, there are also risks, particularly dependence on large players and uncertainty about Bitcoin's resilience to global power outages or internet disruptions.

Factors influencing the Bitcoin price

The increased demand for Bitcoin is also fueled by companies like MicroStrategy that are actively purchasing Bitcoins. Additionally, new laws in Arizona and New Hampshire have allowed state Bitcoin reserves. A second tranche of payouts to the creditors of the collapsed exchange FTX is imminent, which could also have an impact on the market. Furthermore, the high interest rates on US government bonds, which have risen to over 5 percent - the highest level in ten years - potentially have an impact on the Bitcoin price.

In summary, over the last 15 years, Bitcoin has evolved from a niche experiment into a global financial phenomenon, gaining increasing institutional acceptance and providing improved market infrastructure. It remains to be seen how market developments and external influencing factors will affect the Bitcoin price.

The entire reporting can be found on BitcoinBlog and further details The investment.