Assets, Bitcoin

What Year Was Bitcoin at $1?

In 2008, an anonymous person or group of people under the pseudonym Satoshi Nakamoto created Bitcoin, the first and most well-known cryptocurrency. The white paper that outlined Bitcoin’s design was published on October 31st, 2008.

Less than a month later, on January 3rd, 2009, the first block of the Bitcoin blockchain was mined. This event is now commemorated as Bitcoin’s birthday.

In its early days, Bitcoin was worth very little. On October 5th, 2009, an early adopter bought two pizzas for 10,000 BTC.

Today, those same 10,000 BTC would be worth over $100 million USD.

NOTE: This article is not intended to provide financial advice. It is important to be aware that investing in cryptocurrency, such as Bitcoin, can be a very high risk activity. Before investing in any cryptocurrency, it is important to do research and understand not only the history of the investment but also the current market conditions. You should also understand the associated risks and always ensure you never invest more than you can afford to lose.

Bitcoin began to see some serious price appreciation in early 2013. By February 2013, one BTC was worth around $30 USD.

Then, in April 2013, BTC hit $100 for the first time ever. This incredible price surge was driven in part by Cyprus banking crisis, as investors sought out Bitcoin as a safe haven asset.

BTC kept climbing throughout the rest of 2013, eventually reaching a peak price of $1,147 on December 4th. After that point, the price of Bitcoin began to drop and it entered a prolonged bear market.

It wasn’t until 2017 that Bitcoin began to see sustained price growth again.

As of writing this article (January 2021), the price of one BTC is around $34,000 USD. So what year was Bitcoin at $1? That would be 2009 for those keeping track.

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