Halving2024
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In 2009, Bitcoin was essentially free or traded for fractions of a penny.0,0009$
Here's the breakdown:
Most of 2009: Bitcoin had no established market value in US Dollars because no exchanges existed yet. It was only being "mined" by its creator, Satoshi Nakamoto, and a handful of early adopters.
The First Exchange: The first recorded exchange of Bitcoin for fiat currency happened in late 2009 (October). Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal.
Here's the breakdown:
Most of 2009: Bitcoin had no established market value in US Dollars because no exchanges existed yet. It was only being "mined" by its creator, Satoshi Nakamoto, and a handful of early adopters.
The First Exchange: The first recorded exchange of Bitcoin for fiat currency happened in late 2009 (October). Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal.
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BTC
107,016.55
-2.95%