Bitcoin’s 1st Tweet at $0 Marks 16 Years: Details

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On January 10th, 2009, a historical moment occurred as early Bitcoin innovator and computer scientist Hal Finney sent out the initial tweet referencing Bitcoin.

Pete Rizzo, a well-known expert in Bitcoin history, recently drew attention to Finney’s famous tweet about Bitcoin, originally posted when its value was zero, marking 16 years since that date on platform X.

✨ Today, we’re all celebrating the 16-year anniversary of the first Bitcoin tweet, posted when its value was zero! 🎉

— The Bitcoin Historian (@pete_rizzo_) January 10, 2025

Back in January 12th, 2009, Finney became one of the initial individuals to use Bitcoin, and it was Satoshi Nakamoto, the mysterious inventor of Bitcoin, who sent him the very first Bitcoin transaction.

16 years ago, Finney posted the first tweet about Bitcoin, which held no monetary worth at that moment. Today, however, Bitcoin stands as a significant global financial asset, reaching an unprecedented peak of $108,268 on December 17, 2024.

According to reports, Finney envisioned that if Bitcoin were to become the primary global payment method, its worth would match the overall value of all the world’s wealth. Based on this reasoning, he calculated an estimated value of approximately $10 million for the top cryptocurrency.

What indicators reveal on Bitcoin

At the time of writing, BTC was down 0.83% in the last 24 hours to $94,507.

The Short-Term Holder (STH) cost-basis model of Bitcoin serves as an essential tool for measuring the mood of newly investing participants. In the past, it’s been observed that this model tends to align with market bottoms during growth phases and effectively separates between bullish and bearish market trends.

As reported by Glassnode, the current Bitcoin (BTC) price is approximately 7% higher than its strategic hold cost-basis of $88,135. If the price remains below this threshold, it could suggest a decrease in optimism among new investors, which is frequently a significant shift point in market tendencies.

Recently, a larger portion of Bitcoin’s wealth, about 49.6%, has been held by newer investors (those who own coins less than three months old). This suggests that experienced investors have been transferring their coins during the rally, allowing increased demand from new buyers to balance out selling pressure.

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2025-01-11 15:32