U.Right now – An enchanting piece of historical past for the primary and largest cryptocurrency (BTC), has lately resurfaced. Based on Bitcoin historian Pete Rizzo, precisely 15 years in the past, you could possibly purchase 12 Bitcoins for $0.01 – a mind-boggling worth in comparison with Bitcoin's present worth.
Rizzo shared this enjoyable truth on social media platform X, sparking thought within the crypto neighborhood about how far Bitcoin has come through the years.
Bitcoin was launched in January 2009 by pseudonymous creator Satoshi Nakamoto, and its worth was initially near zero.
Within the early days of Bitcoin, there have been no exchanges like these accessible right now. For instance, in a primary transaction, 5,050 BTC was exchanged for $5.02, giving a worth estimate of round $0.0009 per Bitcoin.
The Bitcoin Value Journey
Bitcoin was buying and selling at lower than a penny, shortly after its launch in 2009. Based on knowledge from the Bitcoin Dashboard, Bitbo, the value of Bitcoin didn’t attain $1 a 12 months after its launch; its highest worth for 2010 was simply $0.39. In 2010, Laszlo Hanyecz made the legendary buy of two Domino's pizzas for 10,000 BTC.
On February 9, 2011, BTC touched $1.00 for the primary time in its historical past. Just a few months later, in June, the value of a single Bitcoin reached $10, then $30 on Mt. Gox. This represents a 100-fold improve since 2011, when the value of Bitcoin was round $0.30. By the tip of the 12 months, Bitcoin had rebounded to simply beneath $5.
The value of Bitcoin elevated considerably in 2013, for the primary time since 2011. Bitcoin rose from $13 at first of the 12 months to round $250 in April. It then cooled a bit earlier than shortly appreciating once more, reaching over $1,100 in December of the identical 12 months.
The value of Bitcoin rose steadily in 2017, culminating in an enormous explosion of virtually $20,000. Bitcoin noticed one other massive rally in 2021, reaching $69,000 in November of the identical 12 months.
Quick ahead to final month, and Bitcoin was nearing $100,000, hitting an all-time excessive of $99,728 on November 22. On the time of writing, Bitcoin was buying and selling at $95,504.
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