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TechFlow, October 5 — Coinbase CEO Brian Armstrong posted on X today, noting that exactly 16 years ago, one dollar could buy 1,309 bitcoins. He pointed out this was bitcoin's first valuation in U.S. dollars, calculated based on the electricity cost of mining bitcoin at that time.
Coinbase CEO Brian Armstrong posted on X, saying: On this day 16 years ago, just 1 dollar could buy 1309 bitcoins. He noted this was the first valuation of bitcoin priced in U.S. dollars, calculated based on the electricity cost of mining bitcoin at that time.
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