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Exactly 14 years ago, BTC was first listed on an exchange at a rate of 1,309 BTC = $1.

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Exactly 14 years ago, BTC was first listed on an exchange at a rate of 1,309 BTC = $1.

Just as the title says, New Liberty Standard was the very first cryptocurrency exchange website we got, and it has been 14 years since it was last launched. That too at the rate of 0.0007639419 USD, imagine being able to buy Bitcoin at the rate of Shiba Inu.

The actual price that was set by them was by keeping the cost of electricity, or, you can say, the cost of mining bitcoins, back then in 2009.

How website first looked like in 2009

And fast forward to today, and the cost of transferring bitcoin is ten-twenty times more to what one would have got after selling 10K bitcoins. To add more, 1309 BTC is equivalent to $90.3 million at its peak price of $69,000 per BTC, and now it would still have been $36.65 million something.

The user who created that exchange

Fun Fact: NewLibertyStandard was the first person to buy Bitcoin, It was the first time Bitcoin had value in fiat terms instead of being a collectible. He bought 5,050 BTC for $5.02 to start the world's first Bitcoin trading service.

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