The pizza bought with Bitcoin 13 years ago would have cost $365M today

Quick Take

• On this day 13 years ago, the first real-world Bitcoin payment was sent by a programmer buying pizza in exchange for 10,000 coins.
• With around 2,854,700 Bitcoin in circulation at that time, this set Bitcoin’s total market cap at around 571 large pizzas.
• The price of one Bitcoin back on May 22, 2010, was 0.44 cents.
• Today, that pizza is worth over $265 million. 
• However, adjusted for inflation at an average rate of 2.5% per year, the pizza’s cost is roughly $365 million.

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