$55,629,017 pizza!

Bitcoin Pizza Index

The Bitcoin Pizza Index is now at

$55,629,017!

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....?

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10,000 BTC in Gold

10,000 Bitcoins are worth 45,893 troy ounces gold.

That is about 1,427 kg!

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10,000 BTC in Silver

10,000 Bitcoins are worth 3,924,869 troy ounces silver.

That is about 122 metric tons!

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10,000 BTC in Euro

Today, €49,064,960 can buy you 10,000 Bitcoins.




How did the first Bitcoin purchase take place?

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

Bitcoin for Pizza?

Bitcoin for Pizza?

Transaction complete!

Transaction complete!


The actual pizzas bought with 10,000 Bitcoins!

The first pizzas bought with Bitcoins!
 

Related questions:


How much Gold is one Bitcoin worth?
One Bitcoin is worth 143 grams of Gold.

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