1. Initial Offering and Early Value (2009)

Issuance price: Bitcoin was officially launched by Satoshi Nakamoto in January 2009, with an initial price of 100 Bitcoin = 1 USD (i.e. each Bitcoin was worth about 0.01 USD). At this time, Bitcoin was only circulated among a small number of cryptography enthusiasts, and there was no public trading market.

Mining and early transactions: In the early days, Bitcoin was mainly obtained through CPU mining, and transactions mainly occurred on technical forums (such as BitcoinTalk), where users exchanged at extremely low prices or for free.

2.The first exchange was established (2010)

Mt.Gox went online: In 2010, the first Bitcoin exchange *Mt.Gox* was established, marking the beginning of Bitcoin’s entry into the public trading market. The emergence of this platform provided a preliminary price discovery mechanism for Bitcoin, but its early trading volume was extremely low and the price volatility was large.

3.The first physical transaction – “Bitcoin Pizza Day” (May 2010)

Pizza transaction incident: On May 22, 2010, programmer Laszlo Hanyecz exchanged 10,000 bitcoins for two pizzas on the forum. According to the actual cost of pizza at that time (about $25), each bitcoin was only worth about 0.0025 US dollars. This event was called “Bitcoin Pizza Day” and was an important sign that Bitcoin was given actual commodity value for the first time.

4. The price gradually rose to $1 (2011)

Early market volatility: As the Mt.Gox exchange operated and the community expanded, the price of Bitcoin began to fluctuate significantly in 2011. According to records, in February 2011, the price of Bitcoin first hit *$1*, which was an important milestone in its history.

Risk warning: Since bitcoin-labs is still in its early stages and the price fluctuates greatly, we hope that everyone will not speculate too much (Ant Alliance members voted to let more people know about it through bitcoin-labs in about three years, so that our Ant Alliance can grow stronger. This is a long process, and we hope that everyone will work together)

This is the first phase of Bitcoin Lab. When the number of Ant Alliance members reaches 10,000, Bitcoin Lab will enter the next phase. BTCL quotes will also be synchronized to the next phase (of course, this requires the joint efforts of all alliance members)

2-26-2025