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The mysterious creator(s) of Bitcoin, Satoshi Nakamotocontinues to inspire the cryptocurrency community even several years after Bitcoin was launched and the BTC creator exited the scene.
Bitcoin historian Pete Rizzo recently shared on
“Satoshi Nakamoto on Bitcoin when the price was $0, exactly 16 years ago. legendary," Rizzo wrotehighlighting the statement of Bitcoin's creator.
This comment came days after Bitcoin was launched and saw 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 bitcoins to computer scientist Hal Finney in the first ever peer-to-peer bitcoin transaction.
Many in the cryptocurrency world believe that Satoshi's suggestion to "get some if it goes viral" 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.
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Bitcoin was worth $0 at the time, but its value has risen since then. At the time of writing, Bitcoin is trading at $99,332, having reached an all-time high of $108,268 on December 17, 2024. Bitcoin's current market cap is $1.96 trillion, having reached $2 trillion In December.
Sixteen years later, Satoshi Nakamoto's words and vision are still relevant, demonstrating the timeless nature of these ideas and Bitcoin's growing influence.
Bitcoin regains $100,000
Bitcoin The dollar reached $100,000 after recording its largest increase this year thanks to reassuring US inflation data, which boosted global markets by reigniting bets on further interest rate cuts by the Federal Reserve.
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The digital asset crossed the six-figure threshold in the early Thursday session, reaching highs of $100,880 and maintaining a more than 3% increase driven by Bureau of Labor Statistics data from the previous day.
The report indicating lower core consumer prices revived bets on another interest rate cut from the Federal Reserve in July, boosting stocks as well as cryptocurrencies.
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