What was the starting value of Bitcoin?
Emil LindhardsenDec 17, 2021 · 3 years ago3 answers
Can you tell me the initial value of Bitcoin when it was first introduced?
3 answers
- Dec 17, 2021 · 3 years agoThe starting value of Bitcoin was essentially zero. When it was first introduced in 2009, it had no established market value. However, the first recorded transaction involving Bitcoin took place in May 2010, when someone traded 10,000 Bitcoins for two pizzas. This transaction set the first market price for Bitcoin at around $0.003 per coin.
- Dec 17, 2021 · 3 years agoBack in the early days of Bitcoin, it had no intrinsic value and was not traded on any exchanges. It was mainly used by a small group of enthusiasts and developers. The first recorded price of Bitcoin was established in 2010 when someone made a real-world purchase using 10,000 Bitcoins. At that time, the value of Bitcoin was around $0.003 per coin.
- Dec 17, 2021 · 3 years agoAccording to historical records, the starting value of Bitcoin was around $0.003 per coin. This value was established in 2010 when someone made a purchase using 10,000 Bitcoins. Since then, the value of Bitcoin has experienced significant fluctuations and has grown exponentially over the years.
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