When Bitcoin first launched, how much was it worth?
Allada Pavan Venkata Satya ChoDec 27, 2021 · 3 years ago3 answers
Can you tell me the initial value of Bitcoin when it was first launched?
3 answers
- Dec 27, 2021 · 3 years agoWhen Bitcoin was first launched in 2009, it had no inherent value as it was not traded on any exchanges. However, the first known transaction involving Bitcoin occurred in 2010 when someone traded 10,000 Bitcoins for two pizzas, which were worth about $41 at that time. So, you could say that the initial value of Bitcoin was equivalent to the price of two pizzas.
- Dec 27, 2021 · 3 years agoBack in the early days of Bitcoin, it was worth next to nothing. People were mining it on their personal computers and trading it for fun. It wasn't until the first known transaction took place that Bitcoin gained some value. So, technically speaking, it was worth the price of two pizzas at that time.
- Dec 27, 2021 · 3 years agoWhen Bitcoin was first launched, it didn't have any established value. It was only after the first transaction that Bitcoin gained some value. Interestingly, the first transaction involved someone trading 10,000 Bitcoins for two pizzas. At that time, the value of those Bitcoins was around $41. So, you could say that the initial worth of Bitcoin was equivalent to the price of two pizzas.
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