Nine years of Bitcoin

The past year was for certain the peak of the cryptocurrency world. Bitcoin, Ethereum, Litecoin and many more, have met more than a significant growth.

If you were to ask somebody on January 2009 ‘what is a Bitcoin?’, most probable that somebody would’ve thrown a confused glance at you.

On the 3rd day of January 2009, the well-known cryptocurrency was launching for the first time. The first blockchain was mined that day and the result consisted in 50 BTC. The Block #0 would worth today nearly $740.

The first exchange rate that included Bitcoin had the value of 1 dollar for 1,309.03 Bitcoins. At that time, the electricity would’ve cost more than the value of the mined coin itself. That great amount of Bitcoins would cost millions of dollars today.

Bitcoin has at press time the value of 14,834.94 and with a simple mathematical calculus, if an average user would’ve invested 1 dollar in Bitcoin in 2009, the sum he’d be holding today would be a bit above $17.5 millions.

It remains to be seen if the coin will keep its success recorded the past year, increase or decrease, the price per unity will surpass new records or drop down to zero as some financial experts have been predicting for a while.