U.Today – Recently, a historical statement from the pseudonymous creator of cryptocurrency, Satoshi Nakamoto, has surfaced, which has provoked thought about the history of the price of cryptocurrency. In the tweet, Alex Thorn, head of research at Galaxy Digital (TSX:), shared a statement believed to have been made by Satoshi in January 2009: “It might make sense to just get some in case it goes live.” Thorn’s post comes as the cryptocurrency world marks Bitcoin’s 16th anniversary. On January 3, 2009, Satoshi Nakamoto mined Bitcoin’s genesis block, commonly known as Block 0. This initial block contained the iconic message embedded in its code: “Times January 3, 2009 Chancellor on brink of second bailout for banks,” calling was published in The Times on the same day. Although the Bitcoin whitepaper was published on October 31, 2008, many consider January 3, 2009 to be the cryptocurrency’s birthday. Over the past 24 hours, celebratory messages have poured into the crypto community from major crypto exchanges, Bitcoin enthusiasts, and prominent crypto personalities to mark Bitcoin’s 16th birthday.
From 0 to 100,000 dollars
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 skyrocketing from $0 to thousands of dollars. At its inception on January 3, 2009, Bitcoin had no monetary value and was almost worthless, costing $0.00. Fast forward to January 3, 2025, and the value of Bitcoin was trading at an impressive $96,547.
For many in the crypto space, Satoshi’s statement to “get something in case it goes live” proved prophetic. Over the past 16 years, Bitcoin has not only come to life but has also become a cornerstone of the cryptocurrency market. At the time of writing, Bitcoin was trading at $98,208, after reaching an all-time high of $108,268 on December 17, 2024. Bitcoin has a current market cap of $1.93 trillion, after hitting a high of $108,268 last December. 2 trillion dollars.
