The exchanges that are available today did not exist before bitcoin became popular. Only one exchange was established in the first year following the launch of Bitcoin, but there were several others. As soon as BitcoinTalk was launched in late 2009, one of its regulars proposed the idea of creating an exchange where people could buy and sell Bitcoins for fiat currency. This idea was quickly adopted by the community. This was at a time when the block reward was 50 BTC and there were very few people mining at the same time. NewLibertyStandard, a member of the BitcoinTalk forum, established the New Liberty Standard Exchange, and Sirius sent him 5050 BTC via PayPal in exchange for $5.02. The first recorded price at which Bitcoin was traded was $0.00099/BTC.

In 2009, the value of 1 Bitcoin (BTC) was nearly zero, as it was a newly created digital currency with no established market. Bitcoin was introduced by Satoshi Nakamoto in January 2009, and its first recorded price was $0.0008 in October 2009 on the NewLibertyStandard exchange.

At this time, Bitcoin had no real-world monetary value, and transactions were mostly experimental. The first notable purchase using Bitcoin happened in May 2010, when **Laszlo Hanyecz** bought two pizzas for 10,000 BTC, valuing Bitcoin at $0.0025 per coin.

From these humble beginnings, Bitcoin has grown into a global asset, reaching an all-time high of over $68,000 in 2021, highlighting its massive price evolution over time.