How many Big Macs can one buy with one Bitcoin? Bitcoin’s measured purchasing power in Big Macs is nearing its highest mark since the 2017 bull run. So, you can confidently use this index as another indicator of the continued growth in the value of the first cryptocurrency.
The Bitcoin purchasing power index, which measures the number of Big Macs one could purchase with 1 BTC, rose 0.2% to 6342.23. In other words, on average across the world, one Bitcoin can afford you 6340.36 Big Macs.
At McDonald’s in the US, you can buy 3275.89 Big Macs for one Bitcoin. In Russia, this figure will be higher – for the same amount in St. Petersburg, you can buy 9022.27 Big Macs.
The previous time Bitcoin’s purchasing power was so big was amid the 2017 bull rally, when the digital currency nearly hit the legendary $20,000 mark. On December 16, 2017, 1 Bitcoin could provide its owner with 6359.7 Big Macs. During the 2019 so-called “bearish” market, Bitcoin’s PPI dipped down to 1200 Big Macs.
Bitcoin’s PPI has risen more than 41% since early October. Over the same period, the price of Bitcoin has increased by roughly 39%.
