In 2009, when Bitcoin was first created by Satoshi Nakamoto, it essentially had no established market price.

The first known purchase with Bitcoin was in May 2010, when a programmer named Laszlo Hanyecz paid 10,000 BTC for two pizzas, which is now known as Bitcoin Pizza Day. Based on this transaction, Bitcoin was valued at around $0.0004 per BTC at the time.

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