according to Open Exchange Rates and provides the information in its best way. The actual pizzas bought with 10,000 Bitcoins! That's how the Bitcoin bubble will turn into mania and drive prices even higher. And the higher Bitcoin prices go, the bigger the hype, drawing even larger numbers of traders and investors to the market. The values of Gold, Silver, Dollars and Euros are updated daily. But all manias end badly, and hurt investors who joined the party late, as the great physicist, isaac Newton discovered the hard way. The index is the value of 10,000 Bitcoins at today's market price. How did the first Bitcoin purchase take place? The Bitcoin Pizza Index is now at 39,835,114!
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That sets the stage for higher prices, as there isnt enough supply to accommodate the soaring demand. 10,000 BTC in Silver 10,000 Bitcoins are worth 2,575,122 troy ounces silver. (Photo by Dan Kitwood/Getty Images the Bitcoin bubble is turning into a mania that could help it reach 10,000 by Christmas, before heading for another major correction. Trend Chart for Euro to Bitcoin Exchange Rate. Conversion from Euro to Bitcoin. Then theres hype fueled by the higher prices ninja forex strategy that draw more investors into the market, pushing prices even higher. Perhaps, Bitcoin will cross the new landmarks of 8,000 and 9,000 quickly, possibly by Christmas, and reach 10,000, before the next big correction comes. The index illustrates the deflationary properties of Bitcoin.