Fernando Nikolic: Bitcoin Pizza Day is a cautionary tale for long-term holders

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Yaroslav Dmytrenko

22.05.2026

Fernando Nikolic: Bitcoin Pizza Day is a cautionary tale for long-term holders — Lesson from Bitcoin Pizza Day transaction

Fernando Nikolic, founder at Perception, highlights the lesson from Bitcoin Pizza Day by warning against spending scarce assets on disposable goods.

He points to the historic transaction of ten thousand Bitcoin for two pizzas as a warning for those considering using such mathematically scarce money for short-lived purchases.

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Nikolic has previously argued that Bitcoin is not designed for universal, everyday use, but instead is best suited for those facing instability or censorship, according to a recent commentary. He has also observed that the internet and Bitcoin together have challenged traditional institutional control over information, as shared in an earlier article. These positions form the backdrop to his caution against using Bitcoin for transient purchases.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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