Sunday, November 27, 2022

How much was a Bitcoin worth in 2009?

Bitcoin’s price has risen since its creation. As the price goes up and down, many doubt when the best moment to ‘step in’ is. Well, the ultimate ‘best’ time would have been 2009, the year the first BTC transaction between Satoshi Nakamoto and Hal Finney took place.

For which price could you have picked up some Bitcoins? Find out now!

Bitcoin Price in 2009

So, how much was a Bitcoin worth in 2009?

First Half of 2009

When Bitcoin was initially introduced, it cost 0 USD. To be exact, it was worth 0 USD on Jan 3rd, 2009. At this time, with the mining of the genesis block, the Bitcoin network went live, allowing the first collection of transactions to start a blockchain. Satoshi Nakamoto and software engineer Hal Finney made the first bitcoin transaction on January 12, 2009, as Nakamoto sent 10 BTC to Finney.

The first bitcoins were produced in a block of 50 coins known as “Genesis Block.”

Second Half of 2009

Satoshi Nakamoto, the father of Bitcoin, described the concept of Bitcoin and the blockchain or blockchain technology that supports it in a technical specification document published in October 2008.

Fast-forward to one year later, and Bitcoin first appeared on an exchange on Oct 5th, 2009. It started at 0.00076 USD per one Bitcoin (BTC). This was the earliest value of a single Bitcoin in 2009.

2009 – Present

From 2009 until now, BTC has risen wildly. BTC has reached its all-time high of over 68,000 USD in Nov, 2021. After this peak, BTC is now in a downtrend. Despite this downtrend, many still believe that BTC will make a new all-time high in the future, and will at some point reach the price of 100,000 USD per BTC. Safe to say that your return on investment from 0.00076 would be pretty neat!

Invest 1 USD in BTC: The Profit From 2009

In its earliest stage, a Bitcoin equated to 0.00076 USD. Now that you know how much a Bitcoin was worth in 2009, you can probably calculate the profits you would’ve made. If you, very theoretically, invested 1 USD in BTC in 2009, at the price of 0.00076 USD per BTC, you would have 1,315 BTC.

Of course, buying Bitcoin at that time was a pretty big risk, and that evidently might result in big rewards. Especially if you are early to invest in groundbreaking technology like Bitcoin.

Norah
Norah is a big fan of the concept of a cashless economy. She is addicted to discovering and learning about new ideas that can bring convenience to society, both now and in the future. She believes that the crypto and blockchain world is not just a new trend to expertise, but a whole new era to learn and get used to. “Never stop learning, because life never stops teaching.” - Kirill Korshikov.

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