Flat white, cafe priced in Bitcoin: 2015 to 2025
Priced in fiat
Priced in sats
Flat white, cafe (per cup) cost NZ$4.20 in 2015 and NZ$5.90 in 2025, a change of +40% in New Zealand dollars across 10 years. The figures are annual averages from Industry surveys of average cafe flat white price. The fiat peak in this series came in 2025 at NZ$5.90.
Priced in sats, the same item went from 1,068,702 sats to 3,361 sats, a change of −99.7%. The conversion uses the yearly average BTC price for each matching year, never a rate from a different era. The least flattering single step for the sats series was 2021 to 2022, when this item moved +65% in sats terms. Short windows can and do run against the holder; the direction across the full series is what the chart shows.
The national drink, up around 40 percent in dollars across the decade. Priced in sats it has fallen to a rounding error.
Small pleasures make good barometers precisely because nobody subsidises or caps them. The main page runs the same comparison across the full basket.
| Year | NZ dollars | Sats |
|---|---|---|
| 2015 | NZ$4.20 | 1,068,702 |
| 2016 | NZ$4.30 | 513,740 |
| 2017 | NZ$4.40 | 73,863 |
| 2018 | NZ$4.50 | 42,565 |
| 2019 | NZ$4.60 | 40,758 |
| 2020 | NZ$4.70 | 25,864 |
| 2021 | NZ$4.85 | 7,211 |
| 2022 | NZ$5.20 | 11,862 |
| 2023 | NZ$5.50 | 11,454 |
| 2024 | NZ$5.70 | 5,172 |
| 2025 | NZ$5.90 | 3,361 |
Source: Industry surveys of average cafe flat white price. Series pending external verification. Sats = fiat price ÷ BTC price in that currency × 100,000,000, using yearly average BTC rates. Data vintage 2026-07-04. Full method on the main page.