u/XapoBank

In 2010, Laszlo bought 2 large Papa John’s pizzas for 10,000 BTC. Today, BTC is hovering around $77,000, putting the total cost at $770,000,000.

Let’s break down the luxury of that meal:

• Per Pizza: $385,000,000
• Per Slice (Assuming 2 large 8-slice pizzas = 16 slices total): $48,125,000 per slice
• Per Bite (Assuming ~4 bites per slice): $12,031,250 per bite
• The Toppings: If he got pepperoni, each individual piece of pepperoni cost more than a literal superyacht.

TL;DR: Laszlo paid $48 million per slice for a couple of Papa John’s pizzas. Next time you feel guilty about spending $30 on Uber Eats, just remember it could always be worse.

Happy early Pizza Day on Friday, everyone. May your pizza be cheap and your bags be heavy.

We are proud to support the next step in global #Bitcoin education.

As Joey Garcia highlighted today, Xapo Bank is partnering with the Washington-based Bitcoin Policy Institute to launch a major international policy education initiative right here in the United Kingdom.

Through this initiative, we are bringing BPI's years of US policy experience to the UK to help regulators, government officials, and policymakers understand Bitcoin technology's true capabilities and objectives.

Education is the foundation of smart regulation, and we're excited to facilitate these vital conversations locally.

Read Joey's full update below and join us in welcoming David Zell and Conner Brown to London next week!

📰 Learn more in the official press release on their website.

https://preview.redd.it/9e2jrzsddjzg1.png?width=1000&format=png&auto=webp&s=e8521e5cbcc82d92506ecff7d24cfc6f002f1084

We are proud to support the next step in global #Bitcoin education.

As Joey Garcia highlighted today, Xapo Bank is partnering with the Washington-based Bitcoin Policy Institute to launch a major international policy education initiative right here in the United Kingdom.

Through this initiative, we are bringing BPI's years of US policy experience to the UK to help regulators, government officials, and policymakers understand Bitcoin technology's true capabilities and objectives.

Education is the foundation of smart regulation, and we're excited to facilitate these vital conversations locally.

Read Joey's full update below and join us in welcoming David Zell and Conner Brown to London next week!

📰 Learn more in the official press release: https://bit.ly/4etZyHb

We are sitting at a historic crossroads today, April 29th.

Jerome Powell is officially stepping down, and today marks his final FOMC press conference as Fed Chair. At the exact same time, we are watching BlackRock’s IBIT pull in hundreds of millions in net inflows daily, basically swallowing the daily mined supply whole.

Yet, we are still bouncing between $77k and $79k, getting rejected at the $80,000 psychological barrier.

With the US-Iran ceasefire calming the macro markets and the Fed transition looming, it feels like a coiled spring. Are we seeing massive OTC accumulation by institutions keeping the spot price down, or is the post-Powell era already priced in?

What are your moves here? Are you front-running the new Fed Chair, or waiting for a confirmed break above $80k?

Or does it not even matter to you and you just stack regardless of the fiat price?

We are sitting at a historic crossroads today, April 29th.

Jerome Powell is officially stepping down, and today marks his final FOMC press conference as Fed Chair. At the exact same time, we are watching BlackRock’s IBIT pull in hundreds of millions in net inflows daily, basically swallowing the daily mined supply whole.

Yet, we are still bouncing between $77k and $79k, getting rejected at the $80,000 psychological barrier.

With the US-Iran ceasefire calming the macro markets and the Fed transition looming, it feels like a coiled spring. Are we seeing massive OTC accumulation by institutions keeping the spot price down, or is the post-Powell era already priced in?

What are your moves here? Are you front-running the new Fed Chair, or waiting for a confirmed break above $80k?

Or does it not even matter to you and you just stack regardless of the fiat price?

We are sitting right below $80k, and the energy feels completely different from what it did in 2017 or 2021. Why? Because the asset has matured.

For years, the crypto and bitcoin community has been waiting for the "retail FOMO" to kick in. We keep waiting for your Uber driver or your grandmother to ask how to buy Doge or Bitcoin on their phones. But that era is over. We have entered the Post-Halving Maturity Phase.

Here is what is actually driving the $80k push:

• Institutional Dominance: ETF inflows and institutional custody are dictating the floor price, not retail spot-buying.
• Corporate Treasuries: It’s no longer just MicroStrategy. Random, mid-cap public companies (like UK recruitment firms this week) are treating Bitcoin as a corporate treasury reserve.
• The Boring Phase: Bitcoin is becoming less of a casino chip and more of a geopolitical reserve asset.

If Bitcoin is now a "grown-up" macroeconomic asset, the ecosystem's infrastructure has to grow up with it. Trillion-dollar assets don't achieve global integration solely through offshore exchanges, nor by expecting every single person on earth to manage complex cryptographic keys.

If we want Bitcoin to hit $150k or $200k, we have to move past the 'wild west' mindset. The next billion users, and the institutions that represent them, will demand the exact same regulatory transparency, legal frameworks, and peace of mind that they expect from traditional finance. Fully regulated, mature infrastructure isn't the enemy of Bitcoin; it's the required bridge for global adoption. Have bitcoiners moved past the NYKNYCs yet? Many of the people we deal with have.

What do you think?

Did anyone else catch that MicroStrategy just bought another massive chunk of Bitcoin to officially pass BlackRock and reclaim the top spot?

Seeing two massive entities holding over 1.6 million BTC between them is a huge milestone for the space. While some people immediately worry about large corporate holdings, from our perspective at Xapo Bank, this looks like the ultimate validation that Bitcoin has finally matured into a premier global reserve asset.

When you have both agile tech companies and traditional finance giants competing to secure their treasuries, it shows that institutional trust in the security and longevity of the network is higher than ever.

With this kind of serious capital and infrastructure stabilising the foundation, it paves the way for a more secure and integrated financial future for everyday users, too.

How do you all see this corporate arms race impacting the next wave of global financial adoption?