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’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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
