How much did Bitcoin cost when it first started?

3 answers

• Dec 18, 2021 · 3 years ago
  When Bitcoin was first launched in 2009, it had no inherent value and was not traded on any exchanges. However, the first recorded transaction involving Bitcoin took place in May 2010, when a user named Laszlo Hanyecz purchased two pizzas for 10,000 Bitcoins. Based on this transaction, we can estimate that the value of Bitcoin at that time was approximately $0.003 per coin.
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• Dec 18, 2021 · 3 years ago
  Back in the early days of Bitcoin, the cost was practically negligible. In fact, you could mine thousands of Bitcoins using just a regular computer. However, as more people started to recognize its potential, the value gradually increased. It's incredible to think that those who held onto their Bitcoins from the beginning are now sitting on a fortune.
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• Dec 18, 2021 · 3 years ago
  According to historical records, the first known exchange rate for Bitcoin was established on October 5, 2009, when New Liberty Standard published a value of 1,309.03 Bitcoins to 1 U.S. dollar. It's important to note that this exchange rate was determined based on the cost of electricity required to mine Bitcoins. Since then, the value of Bitcoin has experienced significant fluctuations, reaching an all-time high of nearly $65,000 in April 2021.
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