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 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 Bitcoins are worth 56,904 troy ounces gold.
That is about 1,770 kg!
10,000 Bitcoins are worth 4,519,271 troy ounces silver.
That is about 141 metric tons!
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.
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 177 grams of Gold.
Is the Bitcoin Pizza Index on this site realtime?
The values of Gold, Silver, Dollars and Euros are updated daily.