When Bitcoin first started, how much was it worth?
Michael PoulosDec 26, 2021 · 3 years ago3 answers
Can you tell me the initial value of Bitcoin when it was first introduced?
3 answers
- Dec 26, 2021 · 3 years agoBack in 2009, when Bitcoin was first launched, it had no inherent value. It was initially traded for less than a cent per Bitcoin. However, as the demand for Bitcoin grew and more people started using it, its value gradually increased over time.
- Dec 26, 2021 · 3 years agoWhen Bitcoin first started, it was worth next to nothing. People were able to mine thousands of Bitcoins with just a regular computer. However, as more people became aware of its potential and started investing in it, the value of Bitcoin skyrocketed.
- Dec 26, 2021 · 3 years agoAccording to historical records, the first ever documented transaction involving Bitcoin took place in May 2010, when a user named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins. At that time, the exchange rate was approximately 0.003 cents per Bitcoin. So, you can imagine how much the early adopters of Bitcoin would be regretting their pizza purchase now!
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