Bitcoin, the pioneering cryptocurrency, was first released on January 3, 2009, by an individual or group under the pseudonym Satoshi Nakamoto. Its initial release price was essentially $0. At this early stage, Bitcoin was not traded on any exchanges, and there was no market price for it. The first recorded transaction involving Bitcoin occurred in October 2009 when a programmer named Hal Finney received 10 Bitcoins from Nakamoto as a test transaction. The real valuation of Bitcoin began to emerge in early 2010. On May 22, 2010, Bitcoin was used for the first time to purchase a tangible item: two pizzas for 10,000 BTC, which is famously known as "Bitcoin Pizza Day." This transaction valued Bitcoin at approximately $0.01 per coin. By the end of 2010, Bitcoin's price had risen to around $0.30. This marked the beginning of Bitcoin's journey from a theoretical concept to a recognized digital asset. The price fluctuation and growth in Bitcoin's value over time reflect its increasing acceptance and adoption in various markets. Today, Bitcoin's price has reached remarkable highs, demonstrating its transformation from a virtually worthless digital token to a major financial asset. The historical initial price and subsequent growth of Bitcoin highlight its remarkable journey and the impact it has had on the financial world.
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