Recently, Bitcoin historian Pete Rizzo highlighted a supposed early comment attributed to the mysterious figure(s) behind Bitcoin, known as Satoshi Nakamoto, on Twitter.
16 years ago, Satoshi Nakamoto outlined the potential of Bitcoin. Here’s what Rizzo posted: “The power of Bitcoin, as stated by Satoshi Nakamoto, still holds true – from its inception at zero value to its current state.
✨ Satoshi Nakamoto on the promise of #Bitcoin, exactly 16 years ago. True at $0, true today 💫
— The Bitcoin Historian (@pete_rizzo_) January 14, 2025
According to Bitcoin’s creator, there were likely many more people intrigued by the concept in the 1990s. However, following over a decade of unsuccessful Trusted Third Party systems, they may view it as a lost cause. He hopes they understand that this is the first instance where we are attempting a non-trust based system.
Two days following the initial Bitcoin transaction, which was sent by Satoshi Nakamoto to computer scientist Hal Finney, occurred on a day that was also 11 days after the Genesis block had been mined.
As a researcher, I find myself transported back to the early days when Bitcoin’s worth was essentially zero. Yet, Bitcoin’s original allure transcended its monetary value; it was about crafting a decentralized, self-governing system that empowers individuals to maintain control over their own financial resources. In the current context, Satoshi Nakamoto’s vision seems more pertinent than ever before.
At its current price of $96,804, Satoshi Nakamoto’s prediction holds firm, demonstrating that Bitcoin isn’t just an investment opportunity – it’s a groundbreaking technological innovation that could reshape the very nature of money in the future.
Bitcoin price action
On Monday, Bitcoin dipped briefly beneath $90,000 due to a wave of investors moving away from riskier assets. It dropped to $89,259 but later rebounded.
Currently, Bitcoin has surged back to approximately $96,604, marking a 5.77% increase over the past day, as per the latest figures from CoinMarketCap.
Even though Bitcoin has regained some of its recent losses, it’s currently 5.6% lower than a month ago and 4.19% in the past week. Moreover, compared to its all-time high of $108,268 on December 17, it has dropped approximately 11%.
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2025-01-14 18:39