Bitcoin was once worth so little that thousands of BTC were given away for free, but each one is now worth roughly $100,000 and is the most valuable cryptocurrency ever.
After more than 15 years, Bitcoin has finally broken above $100,000 — a massive milestone for the world’s first decentralized digital asset whose value was once so low it was given away for free.
Today, it’s in the hands of some of the world’s most recognized financial institutions, and its value would rank it on par with some of the top ten countries by gross domestic product.
Here’s a look at how the price of Bitcoin BTC $99,254 went from essentially nothing to where it is today.
Two large Supreme pizzas? That’ll be $1 billion, please
That same year, Bitcoin was being traded essentially for fun by cypherpunks who determined its value on the Bitcoin Talk forum — but one transaction on May 22, 2010, by programmer Laszlo Hanyecz, would go down in history as the first commercial transaction with Bitcoin.
Hanyecz posted on Bitcoin Talk that he would give 10,000 BTC, worth roughly $40 at the time, to anyone who would give him two large pizzas.
A British user took him up on the deal and ordered two supreme pizzas from Papa John’s, worth about $25 each.