What was the initial price of the first bitcoin?
Sweety LakshmiJan 08, 2022 · 3 years ago3 answers
Can you tell me the initial price of the first bitcoin when it was first introduced?
3 answers
- Jan 08, 2022 · 3 years agoThe initial price of the first bitcoin was essentially zero. When Bitcoin was first introduced by its anonymous creator, Satoshi Nakamoto, in 2009, it had no established value. It was only through the gradual adoption and recognition of Bitcoin as a digital currency that its value began to increase.
- Jan 08, 2022 · 3 years agoBack in 2009, the initial price of the first bitcoin was practically nothing. It was just a concept, an idea, and had no real value. It took some time for people to realize its potential and start assigning a value to it.
- Jan 08, 2022 · 3 years agoThe initial price of the first bitcoin was not determined by any specific exchange or platform. It was essentially worth nothing when it was first introduced. However, as more people started using and trading bitcoin, its value began to rise. Today, the price of bitcoin is determined by supply and demand on various cryptocurrency exchanges, such as Binance, Coinbase, and others.
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