22nd May 2025 > > New ATH to celebrate BTC pizza day.

tl;dr

What more do you need to know other than … NEW ALL TIME HIGH!!!

In other news, it’s Bitcoin Pizza Day. I think we can leave it at that for today.

Market Snap

Market Wrap

Yesterday afternoon saw a breach of the previous ATH set in January this year of $109,100.  This morning, we rallied just shy of $111k. Alts are lagging for now, but that could change very quickly. I do hope you have set your laddered sell orders on exchanges to monetise all that lovely DCA spot buying you executed for quality alts during the fallow years of 2022 and 2023.

There was a time when I was laughed at for suggesting that we might have breached $50k to the upside for the last time. I am quietly confident we will never see BTC back below there ever again. One day, we will have breached $100k to the upside for the very last time, never to see $99k again. No-one can know if that day is yet to come, or has been and gone, but it is baked in to happen.

With only clear blue sky above, when will we see $125k?

a)       In a week.

b)      In a month.

c)       In 6 months.

d)      Never.

Hint: don’t be a dingbat and choose d).

Answers, as always, on a postcard to CC Towers.

Curious Cryptos’ Commentary – Bitcoin Pizza Day

It’s that time of year already. May 22nd is Bitcoin Pizza Day, an annual celebration of the very first (known) commercial transaction involving BTC. Laslo Hanyecz put out an advert in 2010 saying he would pay 10,000 BTC, then valued at $0.0041 each or $41 in total, for two large pizzas delivered to his door:

Literally, no mention of pineapple anywhere in that request.

If maths was never your strong point, those 10,000 BTC are now worth more than a billion dollars. An accumulation strategy would have been the wiser choice.