• 13 years ago today, the first real-world Bitcoin payment was sent by a programmer for 10,000 coins worth 571 pizzas.
• Today, that pizza is worth over $265 million, or approximately $365 million adjusted for inflation.
• CryptoSlate’s latest market report dives deep into Tether’s plan to buy Bitcoin every month and analyzes the impact it could have on the market.

The First Real-World Bitcoin Payment

On this day 13 years ago, the first real-world Bitcoin payment was sent by a programmer buying pizza in exchange for 10,000 coins. With around 2,854,700 Bitcoin in circulation at that time, this set Bitcoin’s total market cap at around 571 large pizzas. The price of one Bitcoin back on May 22, 2010 was 0.44 cents.

Today’s Value of Pizza Paid with BTC

Today, that pizza is worth over $265 million. However, adjusted for inflation at an average rate of 2.5% per year, the pizza’s cost is roughly $365 million.

Tether’s Plan to Buy BTC Every Month

CryptoSlate’s latest market report dives deep into Tether’s plan to buy Bitcoin every month and analyzes the impact it could have on the market. This move puts Tether in competition with MicroStrategy as both companies are looking to increase their exposure to BTC and potentially cause some volatility in markets as well as drive up asset prices across crypto markets generally speaking.

Bitcoin Miner Revenue from Fees Drops to 7%

Bitcoin miner revenue derived from fees has dropped to 7%, showing that miners are increasingly relying less on transaction fees and more on block rewards in order to sustain themselves financially while still keeping up with network security demands. This also suggests that fewer users are using BTC for day-to-day transactions compared to before which can be attributed partly due to increasing gas fees associated with transfers of value within blockchain networks such as Ethereum or Tron’s TRX coin network respectively as well as other factors such as institutional demand driving up asset prices overall making them too costly for ordinary retail traders/investors looking get involved without considerable capital investments upfront etc…

Long Term Holder Supply Hits All Time High

Long term holder supply has hit an all time high showing that many investors are continuing to HODL their positions despite recent bearish sentiment trends seen throughout crypto markets mainly due lack confidence in economic recovery post pandemic or just plain old profit taking behavior usually associated with volatile assets such as digital currencies etc… This indicates strong confidence amongst investors who believe in long term potential gains from digital currencies regardless short term dips seen recently within crypto markets overall