$107,190,327 pizza!
Bitcoin Pizza Index
The Bitcoin Pizza Index is now at
$107,190,327!
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 he was willing to buy 2 pizzas for a price of 10,000 Bitcoins. At the time this was worth $41. Four days later, May 22nd, the transaction took place. 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.
So what are those 10,000 Bitcoins worth in terms of other commodities and currencies....?
10,000 BTC in Gold
10,000 Bitcoins are worth 56,904 troy ounces gold.
That is about 1,770 kg!
10,000 BTC in Silver
10,000 Bitcoins are worth 4,519,271 troy ounces silver.
That is about 141 metric tons!
10,000 BTC in Euro
Today, €91,540,754 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?
Transaction complete!
The actual pizzas bought with 10,000 Bitcoins!
