#BitcoinHashRateSurge
The first price of bitcoin is $0.00099 per bitcoin. While Bitcoin was officially launched on January 3, 2009, it’s tough to find any standard pricing before mid-2010. That’s because there weren’t exchanges in the same way that there are today.
It was in 2010 that the most expensive pizzas of all time were purchased. One Bitcoin owner offered 10,000 bitcoins for two pizzas, an offer that continues to live on in Bitcoin lore. It’s considered the first time that anyone used virtual currency to buy something in the real world.
According to historical data at Investing.com, Bitcoin’s price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 — a stunning 8-bagger in mere months!
By June 2011, Bitcoin’s price had hit nearly $30, a seemingly unimaginable rise from just months before. Bitcoin spent the remainder of 2011 just dwindling to as low as $2, before finishing the year at $4.70.
In November 2012, a change in the reward structure for miners, where they receive half as many bitcoins for mining blocks on the blockchain. As 2012 came to an end, Bitcoin finished at $13.50, just off the highs for the year.
That consolidation set up Bitcoin for a strong run in 2013 when it began to attract more notice outside a niche audience of techies and hobbyists. The world’s first Bitcoin ATM was installed in Vancouver, allowing buyers to change fiat money for crypto. By the end of January, Bitcoin’s price had already risen to more than $20.
By early March, Bitcoin had already doubled again, rising to more than $40. A couple of weeks later it surpassed $50, and then days later $60. It climbed to $70 the day after that. By the start of April 2013, Bitcoin had passed $100 in breathtaking fashion. Then eight days later it spiked to $230!
From there, it was just a week until Bitcoin was back at $68, as the bottom fell out. But then a week later, it had doubled again and traded north of $150.
To Be Coninue
