![The pizza bought with Bitcoin 13 years ago would have cost $365M today](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/03/bitcoin-Insights-2.jpg&w=70&h=37&q=75)
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’sย 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.ย
- However, adjusted for inflation at an average rate of 2.5% per year, the pizza’s cost is roughly $365 million.
![BTC Price: (Source: W_S_Bitcoin)](https://cryptoslate.com/wp-content/uploads/2023/05/pizza.jpg)