Bitcoin Pizza Index

Infographics of price drilldown of the Bitcoin Pizzas

The Bitcoin Pizza Index is now at

$293,627,117!

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.

Today is Bitcoin Pizza Day!!

Join the Sat0sh1’s Pizza Festival in Hull on Saturday 21 May 2022 from 9 pm (UK).

This yearly online and physical festival will feature world-famous DJs and live artists, free pizza and a whole host of dancers, artists and other activities.

The event will also be streamed online through Twitch to create an opportunity for others to join in from home!

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

10,000 BTC in Gold

10,000 Bitcoins are now worth 159,017 troy ounces gold.

That is about 4,946 kg!

10,000 BTC in Silver

10,000 Bitcoins are now worth 13,500,123 troy ounces silver.

That is about 420 metric tons!

10,000 BTC in Euro

Today, €277,906,028 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.

Transaction complete!

Laszlo reports of the succesful exchange...

The actual pizzas bought with 10,000 Bitcoins!

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

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.

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.