The Bitcoin Pizza Index is now at
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.
So what are those 10,000 Bitcoins worth in terms of other commodities and currencies....?
10,000 Bitcoins are now worth 201,612 troy ounces gold.
That is about 6,271 kg!
10,000 Bitcoins are now worth 14,850,221 troy ounces silver.
That is about 462 metric tons!
Today, €306,942,553 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.
Laszlo makes known he is willing to pay for pizza with Bitcoin. The conditions are quite simple: Pizza in exchange for Bitcoin.
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.
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.
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 627 grams of Gold.
Is the Bitcoin Pizza Index on this site realtime?
The values of Gold, Silver, Dollars and Euros are updated daily.