The mysterious creator of U.Today, Satoshi Nakamoto, continues to inspire the cryptocurrency community even years after Bitcoin was launched and BTC’s creator left the scene.
Bitcoin historian Pete Rizzo recently shared on Xu (formerly Twitter) a statement from Bitcoin’s creator exactly 16 years ago on January 16, 2009: “It might make sense just to get something in case it applies.”
“Satoshi Nakamoto on Bitcoin when the price was $0, exactly 16 years ago. Legendary,” Rizzo wrote, highlighting a statement from Bitcoin’s creator.
This comment came a few days after the launch of Bitcoin and its first transaction. On January 3, 2009, Satoshi Nakamoto mined the first block of the Bitcoin blockchain, known as the Genesis Block. On January 12, 2009, Satoshi Nakamoto sent 10 BTC to computer scientist Hal Finney in the first peer-to-peer Bitcoin transaction.
Many in the cryptocurrency world believe that Satoshi’s suggestion to “get something in case it goes live” was prophetic. Bitcoin has not only gained popularity, but has also established itself as a cornerstone of the cryptocurrency sector over the past 16 years.
Bitcoin was worth $0 at the time, but its value has since increased. At the time of writing, Bitcoin was trading at $99,332, reaching an all-time high of $108,268 on December 17, 2024. Bitcoin has a current market cap of $1.96 trillion, after reaching $2 trillion in December dollars.
Sixteen years later, Satoshi Nakamoto’s words and vision are still relevant, demonstrating the timeless nature of these insights and the growing influence of Bitcoin.
Bitcoin returns $100,000
Bitcoin hit $100,000 after notching its biggest gain of the year on upbeat US inflation data, which boosted global markets by re-invigorating bets on further Federal Reserve interest rate cuts.
The digital asset jumped around the six-figure mark in Thursday’s opening session, hitting a high of $100,880 and holding on to a more than 3% gain boosted by data from the Bureau of Labor Statistics a day earlier.
A report indicating a decline in core consumer prices revived bets on another Fed rate cut in July, boosting stocks as well as cryptocurrencies.
