U.At present – A captivating piece of historical past of the primary and largest cryptocurrency (BTC) has just lately resurfaced. Based on Bitcoin historian Pete Rizzo, simply 15 years in the past you would purchase 12 Bitcoins for $0.01. That is a tremendous worth in comparison with Bitcoin's present worth.

Rizzo shared this fascinating reality on social media platform X, inflicting the crypto neighborhood to ponder how far Bitcoin has come over time.

Bitcoin was launched in January 2009 by nameless creator Satoshi Nakamoto, and its worth was initially near zero.

Within the early days of Bitcoin, there have been no exchanges just like these obtainable at the moment. For instance, in an early transaction, 5,050 BTC was exchanged for $5.02, quoting a worth of roughly $0.0009 per Bitcoin.

Bitcoin worth traits

Shortly after its launch in 2009, Bitcoin traded for lower than 1 cent. Based on Bitcoin Dashboard knowledge (Bitbo), the worth of Bitcoin has fallen to lower than $1 a yr after its launch. The very best worth in 2010 was simply $0.39. In 2010, Laszlo Hanec made a legendary buy, buying two Domino's pizzas for 10,000 BTC.

On February 9, 2011, BTC reached $1.00 for the primary time in historical past. Just a few months later, in June, the worth of a single Bitcoin reached $10, after which $30 on Mt.Gox. This represents a 100x improve since 2011, when Bitcoin's worth was round $0.30. By the top of the yr, Bitcoin had recovered to only underneath $5.

Bitcoin costs rose considerably in 2013 for the primary time since 2011. Bitcoin rose from $13 initially of the yr to round $250 in April. It then fell a bit, however rose quickly once more to over $1,100 in December of the identical yr.

The worth of Bitcoin rose steadily in 2017, finally reaching a significant crash of practically $20,000. Bitcoin skilled one other sturdy rally in 2021, reaching $69,000 in November of the identical yr.

Relationship again to final month, Bitcoin approached $100,004 and reached an all-time excessive of $99,728 on November twenty second. On the time of writing, Bitcoin was buying and selling at $95,504.

This text was initially printed on U.At present