When bitcoin was first released, what was its price?
PsijendevDec 29, 2021 · 3 years ago3 answers
When bitcoin was first released, what was its initial price? I'm curious to know how much it was worth when it first entered the market.
3 answers
- Dec 29, 2021 · 3 years agoWhen bitcoin was first released in 2009, it had no set price. It was initially traded for very low values, with the first documented transaction being 10,000 bitcoins for two pizzas. At that time, the value of bitcoin was extremely low, as it was a new and relatively unknown digital currency.
- Dec 29, 2021 · 3 years agoBack in the early days of bitcoin, its price was virtually negligible. It was mainly used by a small group of tech enthusiasts and early adopters. The concept of assigning a specific value to bitcoin didn't really exist until it gained more popularity and started being traded on exchanges.
- Dec 29, 2021 · 3 years agoWhen bitcoin was first released, its price was not determined by any exchange or platform. It was a decentralized currency, and its value was solely based on supply and demand. As more people became interested in bitcoin, its value gradually increased over time. Today, the price of bitcoin is much higher than its initial value, reaching thousands of dollars per coin.
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