Bitcoin Hits New All-Time High on Symbolic Pizza Day
On May 22, 2025, Bitcoin achieved a new all-time high of nearly $112,000, continuing an extraordinary rally. This record coincides with the so-called “Pizza Day,” a symbolic date in the crypto community that commemorates the first documented transaction using Bitcoin.
Causes for the Current Rally
- Regulatory Easing: The prospect of further easing of regulatory frameworks in the USA has bolstered investors’ risk appetite. Market analysts like Timo Emden see this as a key driver for the ongoing price rally.
- Debate in the US Senate: A current proposal for the regulation of cryptocurrencies is being discussed in the US Senate. Experts are hopeful for the prompt passing of relevant laws, which could create additional security and acceptance for digital assets.
- Political Support: Since Donald Trump’s election as US President, the Bitcoin price has risen by about 60 percent. Trump is considered a proponent of cryptocurrencies and had announced less regulation and state Bitcoin reserves during his campaign.
Market Impact
- Market Dominance: With a total valuation of about $2.2 trillion, Bitcoin continues to dominate the cryptocurrency market, whose total market capitalization is around $3.5 trillion according to CoinMarketCap.
- Investor Behavior: The record chase motivates investors to set higher price targets – such as the $120,000 mark – if the rally continues.
- Risks Despite Euphoria: Despite the optimism, analysts warn of possible risks from regulatory uncertainties or sudden political developments (such as trade conflicts), which have previously resulted in significant price drops in the short term.
Importance for Investors
Bitcoin is no longer a niche asset: Industry experts like Eric Demuth (CEO of Bitpanda) emphasize that the new all-time high should not be understood as a short-term peak, but rather as the foundation for increasing institutional acceptance of digital assets in the USA and worldwide. The integration of digital assets into the financial policies of major economies underscores their strategic significance.
“This all-time high is not a peak, but a foundation.”
— Eric Demuth (CEO of Bitpanda)
Summary
The current development shows: The Bitcoin market is in the midst of a historic phase of increasing acceptance and institutional integration. While regulatory progress and political support from the USA continue to provide positive impulses, the investment environment remains volatile – with opportunities for further peaks as well as risks from unforeseen events or regulatory setbacks.