The post 12 Bitcoin for $0.01 Transaction Unfolded 15 Years Ago: Details appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A fascinating piece of history for the first and largest cryptocurrency, Bitcoin (BTC), recently resurfaced. According to Bitcoin historian Pete Rizzo, exactly 15 years ago, you could buy 12 Bitcoin for $0.01 — a mind-blowing price compared to the current value of Bitcoin. Rizzo shared this fun fact on social media platform X, sparking reflection in the crypto community about how far Bitcoin has journeyed through the years. Bitcoin was launched in January 2009 by the pseudonymous creator Satoshi Nakamoto, and its value was initially near zero. Related In the early days of Bitcoin, there were no exchanges that resembled those available today. In an early transaction, for instance, 5,050 BTC were exchanged for $5.02, offering an estimate of a price of around $0.0009 per Bitcoin. Bitcoin’s price journey Bitcoin traded for less than a cent, shortly after its launch in 2009. According to data from the Bitcoin Dashboard, Bitbo, Bitcoin’s price did not reach $1 a year after it was launched; its highest price for the year 2010 was just $0.39. In 2010, Laszlo Hanyecz made the legendary purchase of two Domino’s pizzas for 10,000 BTC. On Feb. 9, 2011, BTC touched $1.00 for the first time in history. A few months later, in June, the price of a single Bitcoin reached $10, then $30 on…

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Filed under: News - @ December 3, 2024 3:18 pm