The enigmatic figure behind Bitcoin‘s creation, known as Satoshi Nakamoto, remains an inspiring presence within the digital currency community, despite having left the public eye several years ago following Bitcoin’s launch.
Bitcoin pioneer Pete Rizzo recently posted on platform X (previously known as Twitter) a statement made sixteen years ago by the inventor of Bitcoin, dated January 16, 2009: “I might prove useful if it gains traction.
16 years ago, when Bitcoin’s value was zero, Satoshi Nakamoto made a statement about it that Rizzo emphasized as legendary, as quoted in his writing.
✨ Satoshi Nakamoto on #Bitcoin when the price was $0, exactly 16 years ago. Legendary 🔥
— The Bitcoin Historian (@pete_rizzo_) January 16, 2025
12 days following Bitcoin’s debut and its initial transaction, a comment was made. On January 3rd, 2009, Satoshi Nakamoto mined the inaugural block of the Bitcoin blockchain, famously known as the Genesis Block. It was on January 12th, 2009, when Satoshi Nakamoto executed the first-ever peer-to-peer transaction using Bitcoin, by sending 10 BTC to computer scientist Hal Finney.
Many within the crypto community feel that Satoshi Nakamoto’s advice to acquire some Bitcoin, just in case it became popular, was remarkably prescient. Over the past 16 years, Bitcoin has not only grown in popularity but has also become a foundational element of the entire cryptocurrency industry.
Initially, Bitcoin had no value, but it has significantly increased in worth over time. Currently, it’s being traded at approximately $99,332 and hit an all-time high of $108,268 on Dec. 17, 2024. Its current market capitalization stands at around $1.96 trillion, surpassing the $2 trillion mark in December.
More than sixteen years have passed since Satoshi Nakamoto first shared his ideas, and yet, they continue to resonate strongly today, underscoring the enduring relevance of his thoughts and Bitcoin’s growing impact on our world.
Bitcoin regains $100,000
The price of Bitcoin soared to $100,000 following its largest annual gain, fueled by positive U.S. inflation figures. This optimistic economic news boosted worldwide markets, reviving speculation about further reductions in Federal Reserve interest rates.
On Thursdays early trading, the digital asset surged past the six-digit mark, touching a peak of $100,880 and recording a rise of over 3%, driven primarily by data released by the Bureau of Labor Statistics the previous day.
The findings indicating a decrease in fundamental consumer prices have rekindled speculation about another Federal Reserve interest rate reduction in July. This renewed anticipation has positively impacted both stock markets and cryptocurrency values.
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2025-01-16 18:13