U.Right now – A historic assertion by the pseudonymous creator Satoshi Nakamoto not too long ago surfaced, sparking hypothesis in regards to the cryptocurrency's worth historical past. In a tweet, Alex Thorn, head of analysis at Galaxy Digital (TSX: ), shared a press release he believed was made by Satoshi in January 2009: “It’d make sense to get some in case it catches on.” Thorne's publish comes because the cryptocurrency world marks Bitcoin's sixteenth anniversary. On January 3, 2009, Satoshi Nakamoto mined Bitcoin's genesis block, generally referred to as Block 0. This preliminary block contained an iconic message embedded in its code: Instances January 3, 2009 Chancellor on brink of second financial institution bailout,” referring to a headline in The Instances printed in the identical day. Though the Bitcoin whitepaper was launched on October 31, 2008, many contemplate January 3, 2009 to be the cryptocurrency's birthday. Over the previous 24 hours, celebratory messages from main crypto exchanges, Bitcoin fans, and distinguished crypto figures have been pouring in throughout the crypto neighborhood to mark Bitcoin's sixteenth birthday.
From $0 to $100,000
Thorn shared a picture that confirmed the worth of Bitcoin on Genesis Block Day from the start. This highlighted the expansion of Bitcoin through the years, when its worth skyrocketed from $0 to hundreds of {dollars}. At its inception on January 3, 2009, Bitcoin had no financial worth and was nearly nugatory at $0.00. Quick ahead to January 3, 2025, and the worth of Bitcoin was buying and selling at a powerful $96,547.
To many within the crypto house, Satoshi's assertion to “get some in case it catches on” proved prophetic. Over the previous 16 years, Bitcoin has not solely caught on, however has additionally turn into a cornerstone of the cryptocurrency market. On the time of writing, Bitcoin was buying and selling at $98,208, reaching an all-time excessive of $108,268 on December 17, 2024. Bitcoin has a present market worth of $1.93 trillion, reaching $2 trillion final December.
This text was initially printed on U.Right now
