Meaning of Bitcoin Pizza Index
It is a calculation of the worth of 10,000BTC (Bitcoin) spent by the genius, Laszlo Hanyecz to purchase two Pizza on 22nd May, 2010 assuming the BTC was kept unspent yet.
It worth just between $40 – $50 (about $0.0048/BTC) when the transactions was done but grew to worth about $190Million in late December, 2017 when BTC spike to over $19,000/BTC.
Bitcoin Pizza Index: 22nd May, 2018.
Similar: Bitcoin Pizza Day
Website/Social Media: https://twitter.com/bitcoin_pizza
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