U.Today – A historic statement from the pseudonymous creator Satoshi Nakamoto, recently surfaced, provoking reflection on the cryptocurrency’s price history. In a tweet, Alex Thorn, head of research at Galaxy Digital (TSX:), shared a statement that “reportedly made by Satoshi in January 2009: “Might make sense to just get some in case this happens. would spread. » Thorn’s message comes at a time when the cryptocurrency world is commemorating Bitcoin’s 16th anniversary. On January 3, 2009, Satoshi Nakamoto mined Bitcoin’s genesis block, commonly known as block 0. This initial block contained an iconic message embedded in its code: “The Times 03/Jan/2009 The chancellor is about to carry out a second bank bailout”, referring to a Times headline published the same day. Although the Bitcoin white paper was published on October 31, 2008, many consider January 3, 2009 as the cryptocurrency’s birthday Over the past 24 hours, celebratory messages have poured in across the crypto community from major crypto exchanges, Bitcoin enthusiasts, and prominent crypto figures to mark The. 16th anniversary of Bitcoin.
From $0 to $100,000
Thorn shared an image showing the price of Bitcoin on Genesis Block Day since its inception. This highlighted the rise of Bitcoin over the years, with its price rising from $0 to thousands of dollars. When it was created on January 3, 2009, Bitcoin had no monetary value and was virtually worthless, worth $0.00. Fast forward to January 3, 2025, and the value of Bitcoin was trading at a staggering $96,547.
For many in the crypto space, Satoshi’s statement to “get some in case this spreads” proved prophetic. Over the past 16 years, Bitcoin has not only gained momentum but also become a cornerstone of the cryptocurrency market. At the time of writing, Bitcoin was trading at $98,208, having reached an all-time high of $108,268 on December 17, 2024. Bitcoin has a current market valuation of $1.93 trillion, having reached 2 trillion dollars last December.
This article was originally published on U.Today
..