March 17: the so-called Big Sats Index saw a United States McDonald's Big Mac cost less than 10,000 satoshis for the first time.

The Big Sats Index measures how much a Big Mac costs based on the famous Big Mag Index from The Economist. Born in 1986, the latter originally came about as a tool to measure the strength of different fiat currencies.

The Bitcoin equivalent is something of a tongue-in-cheek commentary on both fiat and food.

As Saifedean Ammous argues in "The Bitcoin Standard," both the trillion-dollar forex market and the rise of the nutritionally controversial burger are the results of the abandonment of the gold standard and the embrace of money with no supply limit, and the resulting desire for instant gratification at the expense of long-term prosperity.

Nonetheless, the numbers speak for themselves. At around $60,000, a whole Bitcoin buys a whopping 10,402 Big Macs, says Ecoinometrics, while a single burger sets a Bitcoiner back just 9,614 satoshis.

By comparison, the March 2020 cross-asset crash briefly took the cost of a Big Mac to over 100,000 satoshis. The last time that the price was 1 million satoshis, however, was in mid-2016.