On Oct 5, 2009, the website, “New Liberty Standard” launched the world’s first BTC/USD exchange service. At the time, the exchange rate was just 1,309.03 BTC to $1.
Year 2009, 1BTC=$0.001
On Oct 12, 2009, a Bitcoin forum user by the name of New Liberty Standard (which was coincidentally the same name as the exchange) and an early Bitcoin developer by the name Martti Malmi purchased 5,050 BTC for $5.02. This was the world’s first ever BTC/USD transaction.
Year 2010, 1BTC=$0.5
Within a year, Bitcoin had gradually gone from being fairytale to being accepted as a genuine alternative investment asset. On Nov 6, 2010, Bitcoin had scaled to reach $1 million. Mt.Gox, the world’s largest Bitcoin trading platform at the time, had an exchange rate of $0.5 BTC/USD.
Year 2011, 1BTC=$1
On Feb 9, 2011, the Bitcoin exchange rate was equal to the US dollar for the first time in history.
Year 2013, 1BTC=$1,242
On Nov 29, 2013, when the price of gold was $1,241.98 per ounce, the price of Bitcoin surged to $1,242. This was the first time the price of Bitcoin exceeded the price of gold.
Year 2017, 1BTC=$20,000
On Dec 17, 2017, the price of Bitcoin rose to $20,089, a record high.
Year 2020, 1BTC=$12,350
On Aug 17, 2020, Bitcoin reached $12,359 – a new high for the year! Do you think Bitcoin will reach the same levels as it did in 2017?