Bitcoin Pizza Index

Infographics of price drilldown of the Bitcoin Pizzas

The Bitcoin Pizza Index is now at

$625,927,155!

What is the Bitcoin Pizza Index?

The Bitcoin Pizza Index is derived from the first documented purchase using Bitcoins.

On May 18th 2010 Laszlo Hanyecz made known on a forum at bitcointalk.org that he was willing to buy 2 pizzas for a price of 10,000 Bitcoins. At the time this was worth $41. Four days later on May 22nd the transaction took place. Forum member Jeremy Sturdivant from California took him up on the deal and had two Papa John's pizzas deliverd to Laszlo in Florida. This date has become known as Bitcoin Pizza Day.

The index is the value of 10,000 Bitcoins at today's market price. The index illustrates the deflationary properties of Bitcoin.

36 days to go till the next Bitcoin Pizza Day on Saturday May 22nd 2021!


So what are those 10,000 Bitcoins worth in terms of other commodities and currencies....?

Value of the Bitcoin Pizza in Gold

10,000 BTC in Gold

10,000 Bitcoins are now worth 358,224 troy ounces gold.

That is about 11,142 kg!

Value of the Bitcoin Pizza in Silver

10,000 BTC in Silver

10,000 Bitcoins are now worth 24,457,446 troy ounces silver.

That is about 761 metric tons!

Value of the Bitcoin Pizza in Euro

10,000 BTC in Euro

Today, €522,432,603 can buy you 10,000 Bitcoins.




How did the first Bitcoin purchase take place?

The URL below links to the actual forum where supply and demand met, resulting in the first marketplace for goods payed with Bitcoin.

https://bitcointalk.org/index.php?topic=137.0


Bitcoin for Pizza?

Laszlo makes known he is willing to pay for pizza with Bitcoin. The conditions are quite simple: Pizza in exchange for Bitcoin.

Bitcoin for Pizza?

Transaction complete!

Laszlo reports of the succesful exchange...

Transaction complete!

The actual pizzas bought with 10,000 Bitcoins!

...and includes a picture of his recent purchase.

The first pizzas bought with Bitcoin


The transaction for the pizzas in the blockchain:

Blockchain.com offers various financial services related to cryptocurrency and with their Bitcoin Explorer it is possible to see individual transactions in the blockchain. Below is the actual transaction of the Bitcoin Pizza.

Transaction of the first pizzas bought with Bitcoins
 

How to celebrate Bitcoin Pizza Day?

As a yearly celebration of the first moment in history that a purchase was made using Bitcoin it is customary to: eat pizza! This happens on the 22nd of May, the date that the first thing (pizza) was bought using bitcoin. It does not matter if it is just a slice, or a whole pizza, or more. If it is homemade, store-bought, or delivered. Keeping to the original concept, die-hard enthusiasts will make sure that the pizza is paid for with Bitcoin.

 

Related questions:


Where can you buy pizzas with Bitcoin?
Today numerous pizza deliveries offfer pizza for Bitcoin.
Other options for purchasing pizzas with your crypto money are vouchers and 3rd party takeaway services.

How much Gold is one Bitcoin worth?
One Bitcoin is worth 1,114 grams of Gold.

Is the Bitcoin Pizza Index on this site realtime?
The values of Gold, Silver, Dollars and Euros are updated daily.

 

Bitcoin price trends

Bitcoin Dashboard

The Bitcoin Dashboard offers a unique view into the short and long term price trends of Bitcoin.

The 24 hr chart shows the price movement across the past 24 hours up till now. This is overlaid with the previous 24 hour period. The intersection of these is often a turning point in a short term trend.

The weekly chart shows the price for the current week starting on Monday. Likewise, this is also overlaid with the previous week.

Bitcoin Dashboard