What was the Bitcoin starting price?

The rise in the price of Bitcoin has been exceptional as well as remarkable. Since its beginnings 12 years ago, the price of Bitcoin has been changed significantly. In the past 12 years, this coin has gone from having no monetary value to being worth more than 60,000 dollars. When we see Bitcoin’s price over the long run, the price has risen steadily. Those investors who purchased Bitcoin earlier often got incredible profits. Of course, previous success does not guarantee future outcomes.

As we can’t go back in time, but it’s interesting to explore how much money people made. So, if you bought Bitcoin a decade back when people don’t even know about the word cryptocurrency, you would have become a billionaire now. Here, we’ll take a look at the world’s most well-known cryptocurrency’s wild and amazing price history.

Creation and First transaction of Bitcoin

The network of Bitcoin was formed on 3 January 2009, when the very first block of Bitcoin has been mined. A person could not sell his 10k Bitcoins for only 50 US dollars in March 2010 because Bitcoin had no worth at that time. However, until around 2010, Bitcoin had no financial value and demand. Two pizzas were purchased by a person with 10k Bitcoins as a 1st real-world BTC payment in May 2010. This quantity of Bitcoin is currently worth approximately $550 million US dollars.

Major Milestones of Bitcoin Price


Just over a decade ago, in February 2011, Bitcoin broke through the $1.00 barrier for the first time. Bitcoin’s fame peaked, with values reaching $1,242 in November 2013 before dropping. In 2017, there was a second significant increase. In March, the cryptocurrency surpassed its previous all-time high of $1,242, rising to an all-time high of $19,783 in December of that year before falling back.


Bitcoin’s price maintained at $1.8k US dollars in May 2017, when it exceeded $2,000, before skyrocketing to $19,345.49 on December 15th. For a long time after 2017, there was a significant drop in popularity in Bitcoin. The price fell below $3,300 in December 2018 and didn’t rise beyond its all-time high of $3,600 till November 2020. Bitcoin’s price was just about $29,000 in December 2020, up 416 % from the starting of the year.


In February 2021, Bitcoin reached the $50,000 mark for the first time, and in April, it momentarily broke over the $60,000 mark. Bitcoin’s price rose even higher as a result of institutional interest, reaching a high of moreover $63,000 on April 12, 2021. On November 7, 2021, Bitcoin reached an all-time high of $67,549.14. Early in December 2021, Bitcoin fell to $49,243.39 before fluctuating more as investors worried about inflation and the arrival of a new variant of COVID-19, known as Omicron.


In short, the Bitcoin starting price is around $3.50 at the beginning of May 2011. So, without transaction expenses, $3500 would have purchased around 1000 Bitcoins. Bitcoin is worth $54,680 as of April 27, 2021. If you held on to 1000 Bitcoins over the previous ten years, they would be worth nearly $54.7 million today.

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