Bitcoin Celebrates Pizza Day By Crossing $111,000-Mark For First Time In Market History

Bitcoin celebrated Bitcoin Pizza Day on May 22, 2025 by crossing the $111,000 mark for the first time in market history.

Bitcoin was trading at $111,861.22 at the time of writing. With this, Bitcoin has surpassed its previous top of almost $109,000, which it set earlier in January 2025. Also, Bitcoin has shown significant market resilience by holding above the $100,000 threshold for almost 12 days following the lows recorded in April 2025.

What is Bitcoin Pizza Day

Bitcoin Pizza Day is observed every year on May 22 to celebrate the first real-world Bitcoin transaction of 2010 when a programmer exchanged 10,000 Bitcoins for two pizzas. This year, Bitcoin Pizza Day coincided with the cryptocurrency breaching the record $111,000-mark.

Vedang Vatsa, founder, Hashtag Web3 says: “Bitcoin hitting $111,000 on Pizza Day is both symbolic and historic, highlighting increasing interest from institutions and individuals alike. While this demonstrates widespread acceptability, price increases can cause volatility. Its long-term function in finance is still being defined, with near-term fluctuations likely influenced by global markets, policies, and adoption patterns.”

Edul Patel, co-founder and CEO of Mudrex, said the major factors behind Bitcoin reaching this all-time high is due to strong institutional demand, revived retail investor confidence, and encouraging regulatory developments, such as the Stablecoin Bill.

“The market is showing strong momentum as $2.20 billion of dollars inflows into spot exchange-traded funds (ETFs) in last 10 sessions. If maintained control, key resistance levels could move towards $112,500,” he said.

Sathvik Vishwanath, co-founder and CEO of Unocoin said Bitcoin’s growth is a reflection of growing institutional faith. “Every new peak may seem expensive initially, but history proves that true value emerges over time. Bitcoin’s surge to $111,000 showcases its resilience, but its future will depend on how wisely investors navigate the road ahead,” he adds

Sonu Jain, CRCO, 9Point Capital said that Bitcoin reaching a new all-time high reflects increasing institutional participation and a shift toward long-term adoption. For investors, it is important to view Bitcoin as a strategic asset rather than a quick profit, he added.

He, however, asked investors to exercise cautious allocation, avoid leverage, and be prepared for market volatility.

What’s Next for Bitcoin

As Bitcoin continues to climb, many are keen to understand what the future price movement might look like.

Ashish Singhal, co-founder of CoinSwitch says: “Bitcoin breaking past its previous all-time high is more than just a market milestone—it signals a fundamental shift in how digital assets are perceived globally. The next important level to watch is $120,000, and beyond that, Bitcoin’s role as digital gold will only strengthen. This rally represents a structural change, driven by increasing participation from governments and institutions.”