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multigraincracker

(35,983 posts)
5. A little history of the price....
Fri Jan 21, 2022, 01:17 PM
Jan 2022

The Bitcoin price in 2009 was barely above zero. Real adoption of Bitcoin began to take place about two years later, and a major Bitcoin price surge happened for the first time.
In 2011, the Electronic Frontier Foundation (EFF) accepted BTC for donations for a few months, but quickly backtracked due to a lack of a legal framework for virtual currencies.
In February of 2011, BTC reached $1.00, achieving parity with the U.S. dollar for the first time. Months later, the price of BTC reached $10 and then quickly soared to $30 on the Mt. Gox exchange. Bitcoin had risen 100x from the year’s starting price of about $0.30.


Not many got in on that 30 cent deal, but that would have been the time to buy one.

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Latest Discussions»Culture Forums»Personal Finance and Investing»If you had bought a bitco...»Reply #5