Bitcoin Pizza Day Calculator
Calculate what 10,000 BTC spent on pizza in 2010 would be worth today. Explore your own Bitcoin opportunity cost for any purchase.
On 22 May 2010 Laszlo Hanyecz paid 10,000 BTC for two pizzas — the first real-world Bitcoin purchase. This calculator prices any everyday purchase in the Bitcoin it would have cost back then and what that same amount is worth at today’s live price.
The Famous Bitcoin Pizza
May 22, 2010 — Laszlo Hanyecz
Current value of the BTC spent
Genesis transaction
- Original cost
- $41.00
- Pizzas bought
- 2
- BTC spent
- 10,000 BTC
Present valuation
- BTC price
- $81.43K
- Value per pizza
- $407.16M
- Value multiplier
- 19,861,219.51×
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Your Opportunity Cost Calculator
What if you'd bought Bitcoin instead of that purchase?
Weekly and monthly modes estimate repeated spending from the selected date through today, then compare that total against buying BTC once at the starting price.
Opportunity cost statement
BTC value today
Alternative purchase schedule
- Total spending
- $100.00
- Purchase date
- 2015-01-01
- Spending frequency
- Once
- BTC available to buy
- 0.3111775 BTC
- Value difference
- $25,239.49
- Value multiplier
- 253.4×
Purchase
Bitcoin Pizza Index
How many $20 pizzas could 1 BTC buy each year?
The Bitcoin Pizza Story
From $41 to billions — the most expensive pizza in history
Next Bitcoin Pizza Day
May 22, 2027 is the next annual reminder of Bitcoin's first famous real-world purchase.
Laszlo Hanyecz posts on BitcoinTalk offering 10,000 BTC for two large pizzas delivered to his home in Jacksonville, Florida.
Jeremy Sturdivant (jercos) accepts the offer. Two Papa John's pizzas are delivered. The 10,000 BTC was worth approximately $41 at the time.
Bitcoin reaches $1 for the first time, making the pizza purchase worth $10,000.
Bitcoin surpasses $1,000. The pizza BTC is now worth $10 million — the most expensive pizza in history.
Bitcoin reaches its then all-time high of ~$20,000. The pizza is valued at $200 million.
Bitcoin reaches $69,000. The two pizzas are now worth approximately $690 million.
Bitcoin sets a new all-time high above $73,000. The pizza BTC surpasses $730 million.
Bitcoin breaks through $100,000 for the first time. The pizza transaction is worth over $1 billion.
Bitcoin Pizza Day Value Archive
| Year | 10,000 BTC value | Why it mattered |
|---|---|---|
| 2010 | $41 | Laszlo Hanyecz paid 10,000 BTC for two pizzas. |
| 2013 | $1.2M+ | Bitcoin reached its first four-digit cycle peak. |
| 2017 | $20M+ | Mainstream exchanges and retail demand entered the story. |
| 2020 | $90M+ | The third halving year reframed the purchase as monetary history. |
| 2021 | $690M+ | The all-time high made the pizza transaction a global finance meme. |
| 2024 | $630M+ | Spot ETFs and the fourth halving expanded institutional attention. |
| 2026 | Live value above | The lesson is no longer just regret; it is how early monetary networks find prices. |
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Bitcoin Pizza Day Calculator
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01
Explore the Famous Pizza Transaction
The hero card shows the real-time value of the original 10,000 BTC Laszlo Hanyecz spent on two pizzas on May 22, 2010.
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02
Calculate Your Own Opportunity Cost
Enter your amount, date, and an optional item name to see the alternative BTC purchase you could have made and what it would be worth today.
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03
Browse the Pizza Index Chart
Browse an area chart, calculated from historical Bitcoin prices, showing how many $20 pizzas one Bitcoin could have bought each year.
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04
Follow the Pizza Day Timeline
Read the complete year-by-year story, starting with Laszlo's 2010 BitcoinTalk post and continuing through Bitcoin surpassing $100,000 in 2025, told in chronological order.
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05
Why Pizza Day Matters
Review the anniversary of the first known commercial Bitcoin transaction, then apply its opportunity cost lesson to your own spending and investing decisions.
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Frequently Asked Questions
Everything you need to know about Bitcoin Pizza Day and opportunity cost
Read Article
The Bitcoin Pizza Day Story: From $41 to Billions
The complete history of the 10,000 BTC pizza transaction and what it teaches us about opportunity cost
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Disclaimer
This calculator is for educational and entertainment purposes only. Opportunity cost calculations are hypothetical and based on historical Bitcoin prices. Past performance does not guarantee future results. This is not financial advice.