Michael Jerlis (jerlis.eth)

Pizza Day always gets framed as the moment someone “lost billions.” But honestly, I think that misses the bigger point completely. Back then crypto had almost no real financial access attached to it. 10,000 BTC bought two pizzas because the infrastructure simply didn’t exist yet. Now look at where things are moving. Retail users can suddenly access markets and narratives that used to stay locked behind private funds and institutions for years. That shift feels much bigger than the old pizza story. You can already see it with things like the SPACEX(PRE) setup on @MEXC. The subscription entry opened around $650 while other markets were already pricing the same narrative closer to $790 and even $838. Only 7,700 tokens available too, which explains why people started watching the supply side closely before the May 21 deadline. TradFi related activity across crypto platforms keeps growing because users want access to markets that previously felt unreachable without institutional connections. Feels like Pizza Day was never really about “what was lost.” It was the beginning of crypto slowly expanding what ordinary people could actually reach financially. And now we’re starting to see what that next phase looks like in real time.