It was the year 2009, and a new way of storing, trading assets would come to light, but in an unconventional way, rather a digital daily one. While most people would never predict that BTTC would be a revolution today, its creator Satoshi Nakamoto knew very well what he was doing; he created an algorithmic system for its creation, its transaction, or simply for its sending or receiving, through transfers... and most importantly, he created a limited amount of BTTC, which makes it scarce, eligible, secure, and highly valued today.
But let's continue with the story of how BTTC arose and how it evolved.
At first, I remember that this new novelty that emerged in 2009 went almost unnoticed by many and was observed and analyzed by few. An intelligent strategy was to distribute this new token for free, through registrations on computer pages or subscriptions to gaming websites.
Users received them, but many did not pay much attention due to their negligible market value.
In January 2009, the price of Bitcoin was $0.00076.
On that same date, Satoshi Nakamoto celebrated the first transaction made at that price.
New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars at the end of 2009. Users of the BitcoinTalk forum exchanged 5,050 bitcoins for $5.02 via PayPal, which made the first price mediated through an exchange a bargain price of $0.00099 per bitcoin.
And little by little, its price started to rise drop by drop...
From 2009 to 2015, its price remained unchanged, almost linearly evolving with small and micro increases.
As seen in the graphs, after 2015, its price began to rise. But the quantitative leap occurred during the pandemic, where its value reached a historical price at that time of $19k to $22k. Today, in 2024, it exceeds $100k.
Remember not to discard Sats, Ggc, speedwallet, and THNDR; the key.