Fourteen years ago today, on October 12, 2009, a historic moment unfolded in the world of bitcoin when bitcoin saw its first transaction for US dollars.
This pivotal event, orchestrated by Martti “Sirius” Malmi, a developer who worked with bitcoin‘s pseudonymous creator Satoshi Nakamoto on some of its earliest software releases, marked the birth of its circular economy.
In this inaugural trade, Malmi exchanged 5,050 Bitcoins for just $5.02, valuing each bitcoin at a fraction of a cent.
Fast forward to today, and bitcoin‘s price appreciation has been astonishing. With bitcoin‘s current value exceeding $26,000 per coin, that humble $5 trade from 2009 is now worth a staggering $130 million.
This exceptional price growth over the years has made early bitcoin enthusiasts and adopters witnesses to a true financial revolution.
Malmi revealed the operation in 2014, when he wrote on Twitter (now .
The tweet resurfaced today byPete Rizzo, bitcoin historian.
This notable milestone not only highlights bitcoin‘s dramatic rise in value, but also serves as a testament to the innovation and resilience of cryptocurrencies. bitcoin‘s ability to disrupt traditional financial systems and establish itself as a store of value has reshaped the financial landscape. It continues to attract the attention of investors, institutions and individuals seeking financial freedom and security.
As the bitcoin community celebrates the 14th anniversary of the first trading of US dollars, it is an opportunity to reflect on the profound impact this digital currency has had on the world of finance. The legacy of Satoshi Nakamoto, Martti Malmi, and many others who have contributed to the growth of bitcoin remains a testament to the continued evolution of the revolution.
