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Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1 - Coins On News
Featured How much is one bitcoin worth? In fiat currency terms, that’s a constantly shifting answer, but ever since the beginning, the following has held true: one bitcoin is worth as much as the buyer is willing to pay. Today, that’s likely to be a few thousand dollars, but back in the day, the reverse was more likely to be true: for one dollar, you could buy several thousand bitcoins. Also read: Bitcoin History Part 7: The First Major Hack Calculating Bitcoin’s Exchange Rate Once an asset has a universally agreed exchange rate, tracking its rising and falling price thereafter