U.Today – A fascinating piece of history of the first and largest cryptocurrency (BTC) has recently resurfaced. According to Bitcoin historian Pete Rizzo, just 15 years ago you could buy 12 Bitcoins for $0.01. This is an amazing price compared to Bitcoin's current value.
Rizzo shared this interesting fact on social media platform X, causing the crypto community to ponder how far Bitcoin has come over the years.
Bitcoin was launched in January 2009 by anonymous creator Satoshi Nakamoto, and its value was initially close to zero.
In the early days of Bitcoin, there were no exchanges similar to those available today. For example, in an early transaction, 5,050 BTC were exchanged for $5.02, quoting a price of approximately $0.0009 per Bitcoin.
Bitcoin price trends
Shortly after its launch in 2009, Bitcoin traded for less than 1 cent. According to Bitcoin Dashboard data (Bitbo), the price of Bitcoin has fallen to less than $1 a year after its launch. The highest price in 2010 was just $0.39. In 2010, Laszlo Hanec made a legendary purchase by purchasing two Domino's pizzas for 10,000 BTC.
On February 9, 2011, BTC reached $1.00 for the first time in history. A few months later, in June, the price of a single Bitcoin reached $10, and then $30 on Mt.Gox. This represents a 100x increase since 2011, when Bitcoin's price was around $0.30. By the end of the year, Bitcoin had recovered to just under $5.
Bitcoin prices rose significantly in 2013 for the first time since 2011. Bitcoin rose from $13 at the beginning of the year to around $250 in April. After that, it fell a little, but in December of the same year it rose rapidly again to more than $1,100.
The price of Bitcoin rose steadily in 2017, eventually reaching a major crash of nearly $20,000. Bitcoin experienced another strong rally in 2021, reaching $69,000 in November of the same year.
Dating back to last month, Bitcoin was close to $100,004 and reached an all-time high of $99,728 on November 22nd. At the time of writing, Bitcoin was trading at $95,504.
This article was originally published on U.Today
