What Is Bitcoin Pizza Day, Does It Affect Bitcoin Prices?

JAKARTA - Not only Bitcoin Halfing Day, did you know that there are several other important moments associated with Bitcoin. One of them is Bitcoin Pizza Day.

Tells the history of Pizza Day, according to Indodax CEO Oscar Darmawan, the history of this moment is quite unique and is related to the purchase of Pizza.

"Bitcoin was first traded for Pizza in 2008. This unique moment was finally named Bitcoin Pizza Day which is celebrated every May 22 every year," Oscar said in a statement received in Jakarta.

Oscar added that at that time Miner andmanfaat Hanyecz, a Bitcoin programmer from Florida exchanged 10.000 BTC for pizza. They also advertised this on the Bitcointalk forum to buy two pizzas in exchange for 10.000 Bitcoins.

The offer was accepted by someone and quickly the person sent two packs of Papa John pizza tomen and got 10,000 BTC. Well, since that transaction every May 22 is celebrated as Bitcoin Pizza Day by the crypto community.

However, it should be noted that according to Oscar Bitcoin Pizza Day, it is not necessarily an increase in the price of Bitcoin. Because the real determinant is the market price based on supply and demand.

"Some people are asking whether Bitcoin Pizza Day will increase the price of Bitcoin going forward? The answer can be yes or not. The price of Bitcoin and other cryptocurrencies depends on the market," Oscar explained.

According to him, if Bitcoin has massive movements such as the adoption of Bitcoin by an institution or the purchase of Bitcoin by a leading person, it will more or less influence many people to buy Bitcoin.

When viewed from last year, Bitcoin had increased by about 5 percent from May 22, 2022-May 31, 2022. Seeing this year, there is a high possibility that the price of Bitcoin will still experience a slight increase, although it is not influenced by the Bitcoin Pizza Day moment.

"So, traders and investors need to be careful and do in-depth research on important Bitcoin moments," concluded Oscar.