Think 2017 Is Bitcoin’s Best Year? Think Again
The value of one bitcoin (BTCUSD) has risen by more than 1,600% as of this writing and currently sits at about $16,700 (BTC/USD). With performance like this, you may think that 2017 has been bitcoin's best year in its roughly nine-year history, but you'd be wrong.
It's tough to say what the "starting value" of bitcoin is for the purposes of calculating its all-time gain. The first bitcoins were "mined" in early 2009, but none were traded on an exchange, or in any other monetary transaction until mid-2010.
The first bitcoin exchange opened in March 2010, and the first cash value of bitcoin on that exchange is reported to have been $0.003. A couple of months after this, we know that someone paid for two pizzas with 10,000 bitcoins, which would make this transaction value $30, a reasonable price to pay (in dollars). So, we'll use this as a reference.
Source: Fool.com
