Bitcoin breaks past $111,000 amid Bitcoin Pizza Day celebrations

*22 May 2025 is shaping up to be a major date in the history of Bitcoin.*

Fifteen years after the very first documented transaction with this cryptocurrency, "the purchase of two pizzas for 10,000 BTC", Bitcoin reached a new all-time high of over $111,000.

At the same time, a proposal is sparking intense debate within the community: BIP-177, which suggests redefining Bitcoin's base unit.

A look back at an iconic day where Bitcoin's past, present and future intersect.

On 22 May 2010, American developer Laszlo Hanyecz made history by swapping 10,000 bitcoins for two Papa John's pizzas.

This transaction, considered *the first concrete use of Bitcoin for a physical good, gave rise to a tradition now celebrated every year: "Bitcoin Pizza Day*".

At the time, the 10,000 BTC were worth only a few dozen dollars.

In 2025, at current rates, this sum would represent around $1.1 billion. More than an anecdote, this pioneering act demonstrated Bitcoin's monetary potential beyond a mere technological concept.

As chance would have it, this anniversary date coincided with a new valuation record: according to market data, Bitcoin reached *a peak of $111,861 on 22 May 2025.*

This symbolic milestone reflects the meteoric rise of BTC since its inception, supported by institutional adoption, integration into the economic policies of several countries and a more structured regulation of the sector.

Bitcoin continues to establish itself as a major global store of value.

While attention is focused on this new peak, the Bitcoin community is pondering a major technical proposal: BIP-177.

This aims to redefine Bitcoin's base unit, replacing traditional "satoshis" with a unit where 1 BTC would equal 100,000,000 "Bitcoin". The objective is to *simplify the understanding and daily use of the cryptocurrency*, in line with its creator's initial vision.

Notable supporters of this reform include Jack Dorsey, former CEO of Twitter, who expressed his backing by simply posting "BIP-177" on the X network. While the proposal divides opinion, it reignites an essential discussion on Bitcoin's legibility and accessibility on a large scale.