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Historical statement from the pseudonymous creator of Bitcoin, Satoshi Nakamotoappeared recently, sparking reflection on the history of cryptocurrency prices.
In a tweet, Alex Thornehead of research at Galaxy Digital, shared a statement believed to have been made by Satoshi in January 2009: “It might make sense to just get some in case it catches on.”
Thorne's post comes as the cryptocurrency world celebrates Bitcoin's 16th anniversary.
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On January 3, 2009, Satoshi Nakamoto mined the Bitcoin genesis block, known as block 0. This initial block contained a distinct message embedded in its code: “The Times 03/03/2009 Chancellor on brink of second bank bailout.” In reference to a headline in The Times published on the same day.
Although the Bitcoin report was released on October 31, 2008, many consider January 3, 2009 to be the cryptocurrency's birth day.
In the past 24 hours, festive messages have been pouring in across the cryptocurrency community from major cryptocurrency exchanges, Bitcoin enthusiasts and prominent cryptocurrency figures on the occasion of Bitcoin's 16th birthday.
From $0 to $100,000
Thorne shared a photo that showed Bitcoin price In Genesis Block Day from the beginning. This has highlighted Bitcoin's rise over the years, with its price rising from $0 to thousands of dollars.
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When created on January 3, 2009, Bitcoin had no monetary value and was virtually worthless, with a price of $0.00. Fast forward to January 3, 2025, and the value of Bitcoin was trading at an impressive price of $96,547.
For many in the cryptocurrency space, Satoshi's statement to "get some if it goes viral" proved prophetic. Over the past 16 years, Bitcoin has not only caught on, but has also become a cornerstone of the cryptocurrency market.
At the time of writing, Bitcoin is trading at $98,208, having reached an all-time high of $108,268 on December 17, 2024. Bitcoin's current market cap is $1.93 trillion, having touched $2 trillion in Last December.
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