What was the price of bitcoin when it was first introduced in 2008?

3 answers

• Nov 29, 2021 · 3 years ago
  The price of bitcoin when it was first introduced in 2008 was essentially zero. It had no value initially, as it was just an experimental digital currency created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It took some time for bitcoin to gain recognition and establish a market value.
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• Nov 29, 2021 · 3 years ago
  Back in 2008, bitcoin didn't have a specific price as it wasn't widely traded or recognized. It was more of a concept and an experiment at that time. It wasn't until 2010 when the first real-world transaction occurred, with someone buying two pizzas for 10,000 bitcoins. This transaction set the first exchange rate for bitcoin at around $0.003 per coin.
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• Nov 29, 2021 · 3 years ago
  When bitcoin was first introduced in 2008, it had no intrinsic value and was not traded on any exchanges. It wasn't until 2010 when the first known commercial transaction took place, establishing a value for bitcoin. The transaction involved the purchase of two pizzas for 10,000 bitcoins, which at the time was equivalent to a few dollars. From there, the price of bitcoin started to increase, and it has experienced significant volatility and growth since then.
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