Bitcoin history: US dollar parity on 9 February 2011

9 February 2011 by Mike Gogulski
Posted in economics, technology | 4 Comments »

Today is a day of awesome. Bitcoin, the peer-to-peer, pseudonymous cryptocurrency, has reached market parity with the US dollar for the first time.

Exchange rate graph from the largest Bitcoin exchanger, Mt Gox (click to enlarge):

mtgoxUSD Bitcoin US dollar parity graph

Parity party! Go, go deflation!

265 trades occurred, with a total volume of BTC 49,632.50.

The Bitcoin economy is now worth more than US$5.5 million, or more than 3750 ounces of gold.

  1. 4 Responses to “Bitcoin history: US dollar parity on 9 February 2011”

  2. By Lyndsy Simon on 27 May 2011

    … And three months later, I just purchased BTC at $8.30, and considered it a steal.

  3. By simoncpu on 9 June 2011

    I didn’t have faith in BTC back in February, and now it’s trading at almost $30.

    Oh, regrets, regrets, regrets…. 🙁

  4. By aurelscorp on 23 October 2013

    hello i live in the future and Bitcoins now worth 215$ (2013, October 23).

  5. By hiya on 30 July 2014

    hi! I am from even a more distant future where bitcoins are worth 560$

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