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In a recent tweet, Bitcoin historian Pete Rizzo called attention to one of the earliest statements believed to have been made by the pseudonymous creator(s) of Bitcoin, Satoshi Nakamoto.
Rizzo shared a specific statement dating back to January 14, 2009, in which Satoshi highlighted the promise of Bitcoin. "Satoshi Nakamoto talks about the promise of Bitcoin, exactly 16 years ago. True at $0, true today," “Rizzo wrote.
The statement made by the founder of Bitcoin was as follows: “I think there were a lot of people who cared in the 1990s, but after more than a decade of trusted third-party systems failing, they see it as a lost cause. And I hope they do. The difference is that “This is the first time I know of that we are trying a system that is not based on trust.”
This statement came two days after Satoshi Nakamoto sent the first Bitcoin transaction to computer scientist Hal Finney and 11 days after the Genesis block was mined.
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At this time, Bitcoin was worth almost $0. However, the original promise of Bitcoin went beyond the price; The goal was to create a trustless, unauthorized system that would allow people to control their own money. In today's world, Satoshi's vision is more important than ever.
With Bitcoin currently trading at $96,804, Satoshi's promise remains true, proving that Bitcoin is much more than just a speculative asset – it is a revolutionary technology that has the potential to change the future of money.
Bitcoin price movement
Bitcoin It temporarily fell below $90,000 on Monday as investors fled risky assets. Bitcoin fell to $89,259 before recovering.
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Bitcoin has regained $96,000, and as of this writing, the leading cryptocurrency is trading at around $96,604, up 5.77% over the past 24 hours, according to CoinMarketCap data.
Despite recovering from recent losses, Bitcoin's price is still down 5.6% from this time last month and down 4.19% weekly. It's also down about 11% since hitting a record high of $108,268 on December 17.
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