Bitcoin Price in India in 2005: A Historical Overview

In 2005, Bitcoin was still in its infancy, having been created just a year earlier in 2004 by an individual or group using the pseudonym Satoshi Nakamoto. As a result, Bitcoin did not have a tangible market price in India or anywhere else during that year. The cryptocurrency was not widely known or traded, and thus, there was no official price data available for it in 2005. It wasn’t until 2010 that Bitcoin began to gain some traction with its first recorded exchange rate. The first known price was established in October 2010 when a programmer named Laszlo Hanyecz paid 10,000 BTC for two pizzas, which was valued at approximately $25 USD at that time. This event marked the beginning of Bitcoin's journey from a theoretical concept to a real-world asset with a market value. As Bitcoin started to gain popularity, its price began to fluctuate based on market demand and other economic factors. For historical context, Bitcoin’s price has seen significant growth over the years, evolving from a few cents to thousands of dollars per Bitcoin. This dramatic increase in value highlights the significant role Bitcoin has played in the financial sector and its transformative impact on the global economy.