The price of Bitcoin has experienced massive fluctuations over the past decade, with a staggering increase of 8,700,000,000% since its establishment in 2009. The initial exchange rate for Bitcoin was determined based on the cost of electricity needed for mining and was valued at $1 = 1,309.03 BTC. The first known Bitcoin-to-USD transaction was conducted by Martti Malmi, who sold 5,550 BTC for approximately $5. Malmi, who had managed to mine a total of 55,000 BTC, sold his Bitcoin holdings in 2012 and missed out on potential billionaire status. However, he stated that making money was never his priority, and his Bitcoin fortune was an accidental byproduct of assisting Satoshi with maintaining his node.



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