Ever wonder what would've happened if you'd caught Bitcoin right at the beginning? I was digging into the early history and the numbers are actually insane.



So Bitcoin started in 2009 when Satoshi Nakamoto mined those first 50 coins. For a while, there was literally no market price - people were just mining it or trading peer-to-peer on forums. The first real transaction happened in October 2009 when someone sold 5,050 BTC for just $5.02. That's how much did bitcoin start at back then - basically nothing, like $0.0009 per coin.

Then came the famous pizza story. May 2010, a programmer named Laszlo Hanyecz wanted pizza so badly he offered 10,000 Bitcoin for it. Someone actually took the deal and bought him Papa John's. At that point Bitcoin was trading around $0.0041. Can you imagine?

It wasn't until 2011 that Bitcoin even hit $1. Then the real climb started. By 2021 it shot up to nearly $69K, though it got beaten down in 2022 when the whole market crashed. These days it's sitting around $75.8K.

Here's where it gets wild though. If you'd thrown $1,000 at Bitcoin during that first PayPal transaction in 2009, you'd have gotten over 1.1 million Bitcoin. That same $1,000 would be worth over $31 billion today. Even if you waited until the pizza transaction, $1,000 would've gotten you about 244K BTC worth nearly $7 billion now.

Obviously those early prices don't exist anymore and Bitcoin's supply was way more limited back then, so it's mostly a thought experiment. But it shows you how dramatically the value changed. People have been calling Bitcoin dead for years, yet here we are with a market cap over $1.5 trillion. Pretty wild to think about what the early adopters who actually understood the tech were sitting on.
BTC-0.23%
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