U.At present – An enchanting piece of historical past of the primary and largest cryptocurrency (BTC) that just lately resurfaced. In line with Bitcoin historian Pete Rizzo, precisely 15 years in the past, you might purchase 12 Bitcoins for $0.01 — a staggering worth in comparison with Bitcoin's present worth.
Rizzo shared this enjoyable truth on X's social media platform, sparking hypothesis within the crypto neighborhood about how far Bitcoin has traveled over time.
Bitcoin was launched in January 2009 by the pseudonymous creator Satoshi Nakamoto, and its worth was initially near zero.
Within the early days of Bitcoin, there have been no exchanges much like these accessible right this moment. For instance, in an early transaction, 5,050 BTC had been exchanged for $5.02, providing an estimated worth of round $0.0009 per bitcoin.
Bitcoin worth path
Bitcoin traded for lower than a penny shortly after its launch in 2009. In line with information from Bitcoin Dashboard, Bitbo, the worth of Bitcoin didn’t attain $1 within the 12 months after its launch; its 2010 excessive was simply $0.39. In 2010, Laszlo Hanyecz made a legendary buy of two Domino's pizzas for 10,000 BTC.
On February 9, 2011, BTC touched $1.00 for the primary time in historical past. A number of months later, in June, the worth of 1 bitcoin reached $10, then $30 at Mt. Gox. This represents a 100x improve since 2011, when the worth of Bitcoin hovered round $0.30. By the top of the 12 months, bitcoin had rebounded to only beneath $5.
The worth of Bitcoin elevated dramatically in 2013, for the primary time since 2011. Bitcoin rose from $13 at first of the 12 months to round $250 in April. It subsequently cooled for some time earlier than rapidly rallying once more to over $1,100 in December of that 12 months.
The worth of Bitcoin continued to rise in 2017, culminating in a large drop of almost $20,000. Bitcoin noticed one other large rally in 2021, attacking $69,000 in November of that 12 months.
Quick ahead to final month, and Bitcoin approached $100,000, hitting an all-time excessive of $99,728 on November twenty second. On the time of writing, Bitcoin was buying and selling at $95,504.
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