• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$27,413.00-0.68%
  • ethereumEthereum$1,640.18-1.68%
  • xrpXRP$0.533.96%
  • bitcoin cashBitcoin Cash$229.71-5.80%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
    • Cryptovibes French
    • Cryptovibes German
    • Cryptovibes Croatian
    • Cryptovibes Czech
    • Cryptovibes Korean
    • Cryptovibes Danish
    • Cryptovibes Dutch
    • Cryptovibes Finnish
    • Cryptovibes Hungarian
    • Cryptovibes Italian
    • Cryptovibes Japanese
    • Cryptovibes Norwegian
    • Cryptovibes Polish
    • Cryptovibes Portuguese
    • Cryptovibes Romanian
    • Cryptovibes Slovak
    • Cryptovibes Spanish
    • Cryptovibes Swedish
    • Cryptovibes Turkish
  • News
    • PR
  • Analysis
  • Crypto
    • Crypto Presales
    • Bitcoin Minetrix Price Prediction
  • Autotrading
    • Immediate Connect
    • Quantum Flash
    • Bitsoft360
    • Bitcoin360 AI
    • Immediate Edge
    • Bitcoin Code
    • BitAlpha AI
    • Bitcoineer
    • Immediate Experience
    • Quantum AI
    • Bit GPT AI
    • Immediate Bitcoin
    • Vena System
    • Immediate Profit
    • Immediate GP
    • Bitcoin Fast Profit
    • Ethereum Code
    • Immediate Granimator
    • Quantum Prime Profit
    • BitVestment
    • BitIQ
    • BitProfit
    • Bitcoin Edge
    • Bit Index AI
    • Immediate Iplex
    • Yuan Pay Group
    • Metaverse Profit
    • Today Profit
    • Bitcoin Buyer
    • AI Trading Bots
    • Quantum Code
    • Bitcoin Billionaire
    • Bitcoin Circuit
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • BitAI Method
    • Bitcoin Bank Breaker
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Oracle AI
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • BitiCodes
    • Crypto Bank
    • Bitcoin Loophole
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Bitcoin Profit
    • BitQH
    • Quantumator
    • Bitcoin Trader
    • xBitcoin Club
    • Bitcoin Bank
    • Quantum Hancock
    • Chain Reaction
    • Bitcoin Union
    • Crypto Capital
    • CoinTrade1000
    • BitQT
    • Quantum System
    • Libra Profit System
    • Bitcoin Sprint
    • Bitcoin KPEX AI
    • Bitcode Method
    • Bitcoin Millionaire
    • Immediate Fortune
    • Bit Iplex Codes
    • Bitcoin Revolution
    • Bitcoin Method
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • Bitcoin Rush
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Bitcoin Big Mac Index Drops Below 10,000 Satoshis For the First Time

John Wanguba by John Wanguba
March 19, 2021
in Analysis, Crypto news
Reading Time: 4min read
Bitcoin Big Mac Index Drops Below 10,000 Satoshis For the First Time
Rate this post

The Big Sats Index shows that one McDonald’s burger now costs less than 10,000 satoshis. That is cheaper than ever before. Gold may buy less and less bitcoin (BTC) this year, but another measure of the crypto’s strength has hit a historic milestone.

Data from on-chain analytics service Ecoinometrics shows that on March 17, the Big Sats Index saw a US McDonald’s Big Mac cost less than 10,000 satoshis for the first time in this pricing’s history.

Bitcoin Versus Fiat Is Hard To Digest

The Big Sats Index measures how much a Big Mac costs according to the famous Big Mac Index from The Economist. Launched in 1986, the latter initially came as a tool to determine the strength of different fiat currencies. The bitcoin equivalent is some form of a tongue-in-cheek commentary on both food and fiat.

Saifedean Ammous argues in “The Bitcoin Standard” that both the trillion-dollar forex market and the coming of the nutritionally controversial burger are the results of the abandonment of the gold standard and the embracing of money with no supply limit. The resulting desire has now become an instant gratification at the expense of long-term prosperity.

Nevertheless, the numbers are now speaking for themselves. At about $60,000, one bitcoin buys up to 10,402 Big Macs, according to Ecoinometrics. One burger, therefore, sets a bitcoin holder back just 9,614 satoshis.

The March 2020 cross-asset crash shortly took the cost of a Big Mac to more than 100,000 satoshis by comparison. The last time the price was 1 million satoshis was in mid-2016. According to previous reports, November 2020 was a time when one bitcoin could buy around 3,000 burgers.

Big Sats Index chart. Source: Ecoinometrics/ Twitter
Big Sats Index chart. Source: Ecoinometrics/ Twitter

Racing To The Bottom

Big Sats is just an example that captures BTC proponents’ core argument that fiat currency ultimately trends to zero against bitcoin since fiat has no limits to its supply. In 2020, that thesis was born due to the coronavirus epidemic with governments expanding the money supply of their national currencies quicker than at any time outside hyperinflation.

MSTR/BTC 1-day candle chart. Source: Preston Pysh/ Twitter
MSTR/BTC 1-day candle chart. Source: Preston Pysh/ Twitter

An incredible counterpoint to the trend that came to light this week is the MicroStrategy stock (MSTR) that gained rapidly in the second half of 2020 after CEO Michael Saylor started changing the company’s balance sheet to bitcoin.

The host of The Investor’s Podcast, Preston Pysh, circulated data on social media showing a peak for MSTR last month before BTC’s continued surge that coincided with a widespread sell-off among the tech stocks, including those that have bitcoin exposure.

Like what you're reading? Subscribe to our top stories
Tags: BitcoinBitcoin PriceBTCBTC Pricefiat moneymarket analysisMarketsMoney

Related Posts

How Gold And The Dollar Could Help Validate A Bitcoin Bull Run
Analysis

How Gold And The Dollar Could Help Validate A Bitcoin Bull Run

June 24, 2023
Can Memecoins Make You Rich?
Analysis

Can Memecoins Make You Rich?

May 20, 2023
What Is Bitcoin And How Does It Work?
Blockchain

What Is Bitcoin And How Does It Work?

May 13, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
    • Cryptovibes French
    • Cryptovibes German
    • Cryptovibes Croatian
    • Cryptovibes Czech
    • Cryptovibes Korean
    • Cryptovibes Danish
    • Cryptovibes Dutch
    • Cryptovibes Finnish
    • Cryptovibes Hungarian
    • Cryptovibes Italian
    • Cryptovibes Japanese
    • Cryptovibes Norwegian
    • Cryptovibes Polish
    • Cryptovibes Portuguese
    • Cryptovibes Romanian
    • Cryptovibes Slovak
    • Cryptovibes Spanish
    • Cryptovibes Swedish
    • Cryptovibes Turkish
  • News
    • PR
  • Analysis
  • Crypto
    • Crypto Presales
    • Bitcoin Minetrix Price Prediction
  • Autotrading
    • Immediate Connect
    • Quantum Flash
    • Bitsoft360
    • Bitcoin360 AI
    • Immediate Edge
    • Bitcoin Code
    • BitAlpha AI
    • Bitcoineer
    • Immediate Experience
    • Quantum AI
    • Bit GPT AI
    • Immediate Bitcoin
    • Vena System
    • Immediate Profit
    • Immediate GP
    • Bitcoin Fast Profit
    • Ethereum Code
    • Immediate Granimator
    • Quantum Prime Profit
    • BitVestment
    • BitIQ
    • BitProfit
    • Bitcoin Edge
    • Bit Index AI
    • Immediate Iplex
    • Yuan Pay Group
    • Metaverse Profit
    • Today Profit
    • Bitcoin Buyer
    • AI Trading Bots
    • Quantum Code
    • Bitcoin Billionaire
    • Bitcoin Circuit
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • BitAI Method
    • Bitcoin Bank Breaker
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Oracle AI
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • BitiCodes
    • Crypto Bank
    • Bitcoin Loophole
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Bitcoin Profit
    • BitQH
    • Quantumator
    • Bitcoin Trader
    • xBitcoin Club
    • Bitcoin Bank
    • Quantum Hancock
    • Chain Reaction
    • Bitcoin Union
    • Crypto Capital
    • CoinTrade1000
    • BitQT
    • Quantum System
    • Libra Profit System
    • Bitcoin Sprint
    • Bitcoin KPEX AI
    • Bitcode Method
    • Bitcoin Millionaire
    • Immediate Fortune
    • Bit Iplex Codes
    • Bitcoin Revolution
    • Bitcoin Method
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • Bitcoin Rush
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.