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In 2010, the value of 1 Bitcoin in India was extremely low, as Bitcoin was just emerging and not widely recognized. Initially, Bitcoin had no established market price, but by mid-2010, it started trading at fractions of a US dollar, equivalent to a few Indian rupees. For example, in May 2010, the first known Bitcoin transaction involved 10,000 BTC for two pizzas, valuing 1 BTC at less than $0.01, which was roughly under 1 INR at that time. This highlights how early adopters in India could have acquired Bitcoin for minimal cost, but awareness and adoption were negligible. The product, Bitcoin, was a novel digital currency with no regulatory framework in India, making its value speculative and based on global exchanges rather than local markets. |
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发表于 2025-11-2 12:52:20