Bitcoin’s Historic Rise: 14 BTC Once Worth Just $0.01 Now Valued at $1.5M

Fifteen years ago, Bitcoin was virtually worthless, with 14 BTC selling for just $0.01. Bitcoin historian Pete Rizzo recently highlighted this in an X post, noting, “15 years ago today, you could buy 14 Bitcoin for $0.01, $1.5 million today.”

Bitcoin launched in January 2009 when Satoshi Nakamoto mined the Genesis block. The first known transaction occurred in May 2010 when 10,000 BTC were exchanged for two pizzas. Since then, Bitcoin has surged from mere pennies to a six-figure valuation, cementing its status as a multi-trillion-dollar asset.

On January 20, Bitcoin hit an all-time high of $109,241 before slightly retreating but remains above $100,000 with a $2.08 trillion market cap. Recent price action shows Bitcoin gaining 2.28% in 24 hours, reaching $105,048 after hitting an intraday high of $105,610.

Bitcoin’s latest surge followed the Federal Reserve’s monetary policy update. Fed officials kept interest rates steady at 4.25%-4.5%, pausing their recent trend of easing policy. Fed Chair Jerome Powell hinted that more progress on inflation is needed before considering rate cuts.

As Bitcoin continues its upward trajectory, its journey from an obscure digital asset to a mainstream financial powerhouse underscores its growing significance in the global economy.