13 Years Ago: 5000 BTC Sold for Only $5

Today marks the 13th anniversary for the first Bitcoin transaction ever made in exchange of U.S. Dollars.

On October 12, 2009, exactly 5050 BTC were traded for just $5.02. Just $5.02 was spent on 5050 BTC.

Martti Malmi (a Finnish developer who helped Satoshi Nakamoto develop Bitcoin) conducted the transaction. Bitcoin had no market price before the trade.

https://twitter.com/pete_rizzo_/status/1580139675682885633

The transfer is one of the oldest and most trusted transactions. It has been verified by Bitcoin’s blockchain more than 733,000 times, making it almost impossible to reverse. The transaction is currently worth $96,376,371.50 at today’s prices. The transaction is worth $96,376,371.50 if you use Bitcoin’s peak price of November ($69,000). Bitcoin was first used as a payment method in May 2010. A Florida man gave up 10,000 Bitcoin to get two pizzas for $25.

CryptoPotato’s first post was 13 years ago: 5000 BTC sold for $5

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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