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How much did Bitcoin cost when it was first launched?

avatarJames CofferDec 26, 2021 · 3 years ago3 answers

Can you provide some information on the initial price of Bitcoin when it was first introduced?

How much did Bitcoin cost when it was first launched?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Back in 2009, when Bitcoin was first launched, it had no intrinsic value and was not traded on any exchanges. However, the first known transaction involving Bitcoin took place in May 2010, when a user named Laszlo Hanyecz purchased two pizzas for 10,000 BTC. Based on this transaction, we can estimate that the price of Bitcoin at that time was around $0.003 per BTC.
  • avatarDec 26, 2021 · 3 years ago
    When Bitcoin was first launched, it had no set price as it was not traded on any exchanges. The value of Bitcoin was initially determined by the willingness of individuals to accept it in exchange for goods or services. It wasn't until the first known transaction in 2010 that a price was indirectly established. The price of Bitcoin has since experienced significant fluctuations and has reached new highs over the years.
  • avatarDec 26, 2021 · 3 years ago
    According to historical records, the first known transaction involving Bitcoin took place in May 2010, when Laszlo Hanyecz purchased two pizzas for 10,000 BTC. At that time, the price of Bitcoin can be estimated to be around $0.003 per BTC. This transaction is often referred to as the 'Bitcoin Pizza Day' and is considered a significant milestone in the early adoption of Bitcoin.