When Bitcoin was first introduced, what was its initial price?

8 answers

• Elpida KartsakliNov 12, 2022 · 3 years ago
  When Bitcoin was first introduced in 2009, it had no initial price as it was not traded on any exchange. The first recorded transaction involving Bitcoin took place in 2010, when a user named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins. This transaction effectively set the first exchange rate for Bitcoin, valuing it at approximately $0.003 per Bitcoin.
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• Connor RitchotteSep 01, 2021 · 4 years ago
  Back in the early days of Bitcoin, its initial price was practically zero. It was mainly used by a small group of enthusiasts who were experimenting with the technology. The first significant price milestone for Bitcoin came in 2010 when Laszlo Hanyecz famously bought two pizzas for 10,000 Bitcoins. At that time, the exchange rate was around $0.003 per Bitcoin.
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• muhammad ilyasshaikhAug 30, 2024 · a year ago
  When Bitcoin was first introduced, it didn't have a fixed initial price like traditional assets. Its value was determined by the first transactions that took place. One of the most famous early transactions was when Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins in 2010. At that time, the exchange rate was approximately $0.003 per Bitcoin. This transaction marked the first real-world use case for Bitcoin and set a benchmark for its value.
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• Kara CanOct 05, 2023 · 2 years ago
  The initial price of Bitcoin can be considered negligible when it was first introduced. In fact, there was no established exchange rate for Bitcoin until the famous pizza transaction in 2010. Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas, which valued each Bitcoin at around $0.003. This transaction is often referred to as the first real-world use of Bitcoin and marked a significant milestone in its early history.
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• Gnaneswar RajuJul 12, 2020 · 5 years ago
  When Bitcoin made its debut, it didn't have a predetermined initial price. The value of Bitcoin was established through its first transactions. One of the most notable early transactions was when Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins in 2010. This transaction set the initial exchange rate for Bitcoin at approximately $0.003 per Bitcoin. It's incredible to think how much the value of Bitcoin has grown since then.
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• Bohdan ShyiatyiJan 31, 2025 · 6 months ago
  When Bitcoin was first introduced, it didn't have a fixed initial price. The value of Bitcoin was determined by the first transactions that took place on the Bitcoin network. One of the earliest and most famous transactions was when Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins in 2010. At that time, the exchange rate was around $0.003 per Bitcoin. This transaction is often referred to as the 'Bitcoin pizza transaction' and is considered a significant moment in Bitcoin's history.
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• the_confused_oneApr 24, 2025 · 3 months ago
  When Bitcoin was first introduced, it didn't have a specific initial price. The value of Bitcoin was established through the first transactions that occurred. One of the most well-known early transactions was when Laszlo Hanyecz purchased two pizzas for 10,000 Bitcoins in 2010. This transaction set the initial exchange rate for Bitcoin at approximately $0.003 per Bitcoin. It's fascinating to see how much the value of Bitcoin has increased since then.
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• ky.tofebOct 06, 2022 · 3 years ago
  When Bitcoin was first introduced, it didn't have an initial price as it wasn't traded on any exchange. The value of Bitcoin was determined by the first transactions that took place. One of the earliest recorded transactions was when Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins in 2010. This transaction set the initial exchange rate for Bitcoin at around $0.003 per Bitcoin. It's amazing to see how far Bitcoin has come since those early days.
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