$20,820.20 Recorded By Coinbase!
I hope you don't you don't judge me for this next comment but I love the 420 although I know the high is going to be shortly passed as well...So, in honor of the new ATH that I just told my Significant other earlier this morning when BTC was at about 19.4k that it would be topping 20k around 11 a.m. my time, it is currently 9:12 a.m. my time.
I was slightly wrong, but not disappointed at all. So, in light of the new ATH I'm going to share a little story that a lot of people may not of had the chance to hear yet. Laszlo Hanyecz, just like any other person was living a some what normal life.
Laszlo just like any other person had an appetite and like so many people in the world he also enjoyed a nice Pizza. Like so many people in America he enjoyed Papa John's Pizza.
This is where Laszlo was slightly different than the average person. The average person would have got out some cash or went to the store and bought some Pizza. Laszlo instead agreed to pay 10,000 Bitcoins for two delivered Papa John's Pizzas.
This was all organized on Bitcointalk. Laszlo reached out for help while being in need. "I'll pay 10,000 bitcoins for a couple of pizzas... like maybe 2 large ones so I have some left over for the next day," Laszlo wrote.
"I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!"
A British man jumped on the offer. At that time the price of Bitcoin for 10,000 was worth around $41.00 which wasn't much, but still a profit considering the Man paid only $25.00 for two Pizza's. This will forever make May 22, Bitcoin Pizza Day.
The astonishing thing is that at the time of doing this Bitcoin wasn't worth anything per coin. No body back than except for the "Nerds" knew about it. (No offense, I am still one) That was a label a lot of people put on Bitcoin Enthusiast.
So, Laszlo then paid around $41.00 USD worth of Bitcoin at the time which as of this moment is now worth an astonishing $207.2 Million USD. I wonder if this guy held onto any of those coins? Either way it was a historical moment in the history of Bitcoin that a whole lot of people may or may not already know.
Considering this historical moment in our current time I figured I would share that. So today has been an amazing moment, unlike 2017 when Bitcoin shortly after setting the "Old All Time High" started around a 40% price correction. We shouldn't see any lows beyond 19.5K and that in my opinion is should be lowest price correction we see for a period of time provided everything keeps going in favor of Crypto.
What Could Happen?
That is the Million dollar question and judging by the awesome Market Gain's we are seeing right now I really hate to cast any doubt about the current Market. We could eventually see some whale transactions cash out but considering all of the current implications:
Government Acceptance: Countries around the World have already grown enough technologically to realize that the block chain is worth allowing but at the same time plenty of countries are still attempting to figure out how to control money laundering through Crypto's such as Bitcoin.
United States: The acceptance in the USA alone has grown to open a flood gate to billions of dollars from some of the World's most renowned investors located within the states. Crypto has also more than earned the respect of Wall Street investors and has more than like over the 24 hours bought some VIP's a new Yacht or a Mansion.
Saudi Arabia: who's Central Bank back in 2018 signed a deal with Ripple "To help banks in the kingdom settle payments using Blockchain Software." 'Reuters has made a tremendous impact in the way the world views Crypto and has added acknowledgement to the Crypto World. Other countries like Canada, Japan, Australia etc... also allow for crypto trading.
Banks:
Siam Commercial Bank: One of Thailand's oldest Banks.
American Express
PNC Bank: USA based Bank.
Industrial Bank
Payment Processors:
Nium: South-East Asia (International Payments)
transferGo: U.K. based serving over 47 countries and 22 currencies
Santander: Retail and Commercial payment processor serving 6 Countries with 140 million customers.
Money Gram
Paypal
Financial Investors like Dan Morehead: Founder of Pantera Capital. Tyler and Winklevoss they 950 million in June of 2020, do the math... Michael Novogratz.
The above references are just the tip of the wave. The crypto community was already growing beyond itself at a rapid rate constantly expanding. The flood walls for the average investors that want to be live a life of comfort and never worry about bills again are pouring in by the thousands.
People World wide are flocking to crypto at an increased rate and with the new historic records set today we will see an even larger rate in the near future that will continue to grow until eventually every digital monies transaction will take place on top of a block chain making it possible to pay some one thousands of miles away in seconds. All thanks to the blockchain.
What is The Next Price Target?
30K! Yes, you can quote me and disagree all you want but 30K will be the threshold that Bitcoin will have to brake. I know as of now we are not past the 25K mark but we have a lot of momentum going forward which is a great thing.
My Final Thoughts
These are some very exciting times right now for a lot of people. The waters can be really wavy right about now and we will see some rather large price retreats before we make it "Over The Hill," but rest assured that Bitcoin will make it over the hump as it skyrockets to the moon eventually.
We will continue to see all new highs for as long as Bitcoin exist. I sound like a broken record to myself saying this, Bitcoin is here to stay and Bitcoin is not going anywhere any time in the long term future.
Just a heads up, I am currently working on a rather long article about all of the detailed uses of blockchain and I'm going to dive into how the blockchain is improving lives and how all of this is going to effect Crypto Markets in the long run. I am very excited to be writing this article and I'm sure everyone will have a chance to learn something new from it as well.
So, don't forget to follow me in order to get a notification in the next day. It will be a must read!
Thanks for reading, God Bless You and Stay Healthy!
Wao this is great news ,hope it keeps rising so we keep moving 👍👍