10 Years Since The First Bitcoin Transaction
What a long way we’ve come !!!
10 Years Since The First Bitcoin Transaction: 5050 BTC For $5
” Exactly 10 years ago, on this very date, the first market transaction for bitcoin took place. Back at the time, 5,050 BTC were sold at a price of $5.02.
As pointed out by Saifedean Ammous, author of the Bitcoin Standard, this was probably one of the most important moments in Bitcoin’s history because it was back then the cryptocurrency became an economic good.
Obviously, since then a lot has changed. The network got more secure and widespread and bitcoin’s digital scarcity mechanism passed the test of time.
Today, the same amount of Bitcoin is worth more than $42 million. That’s a growth of about 838,000,000%. Needless to say, there aren’t a lot of assets out there that have gone through such a staggering increase in their value.
Naturally, it’s important to note that past success is not an indicator for future growth, but the overall development in Bitcoin and the entire field is undoubtedly worthwhile. ”