The first Bitcoin price in history was set by one guy checking his electricity bill


In October 2009 there were no exchanges and no market for Bitcoin
A user called NewLibertyStandard built the first one from his computer and accepted payments through PayPal
He set the price by calculating how much electricity it cost him to mine one Bitcoin and updated it every day based on his bill
The first exchange rate was 1,309 BTC for $1
A Finnish programmer named Martti Malmi made the first ever sale on it and sold 5,050 BTC for $5.02
Those coins are worth over $440 million today
BTC-4.72%
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