The Price of Bitcoin When It Came Out

When Bitcoin was first introduced, it had no official price. The cryptocurrency was created by an unknown person or group of people using the pseudonym Satoshi Nakamoto, and it was released as open-source software in January 2009. The very first recorded price of Bitcoin was established in October 2009, when a developer named Laszlo Hanyecz made the first known commercial transaction using Bitcoin. Hanyecz paid 10,000 BTC for two pizzas, which at the time was valued at about $25. This transaction is famously known as the first real-world purchase made with Bitcoin. As Bitcoin was not traded on exchanges and had no official market price during its early days, its value was primarily determined by individual agreements and transactions among its early adopters. In the following years, as Bitcoin started to gain more recognition and trading platforms began to emerge, its price began to fluctuate and increase, marking the beginning of its journey from a virtually worthless digital currency to a significant asset in the financial world.