PakGazette – A landmark statement from pseudonymous creator Satoshi Nakamoto has recently emerged, provoking reflection on the cryptocurrency’s price history. In a tweet, Alex Thorn, head of research at digital galaxy (TSX:), shared a statement believed to have been made by Satoshi in January 2009: “Maybe it makes sense to get something in case it catches on.” Thorn’s post comes at a time when the cryptocurrency world is commemorating Bitcoin’s 16th anniversary. On January 3, 2009, Satoshi Nakamoto mined Bitcoin’s genesis block, commonly known as Block 0. This initial block contained an iconic message embedded in its code: “The Times 03/01/2009 Chancellor on verge of second bailout for banks,” referring to a Times headline published the same day. Although the Bitcoin whitepaper was published on October 31, 2008, many consider January 3, 2009 to be the cryptocurrency’s birthday. In the last 24 hours, celebratory messages have poured in across the crypto community from major cryptocurrency exchanges, Bitcoin enthusiasts, and prominent crypto figures. to commemorate Bitcoin’s 16th birthday.
From $0 to $100,000
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 practically 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 some in case it catches on” has proven prescient. Over the past 16 years, Bitcoin has not only become popular but has also become a cornerstone of the cryptocurrency market. At the time of writing, Bitcoin was trading at $98,208, having reached an all-time high of $108,268 on December 17, 2024. Bitcoin has a current market valuation of $1.93 trillion, having reached $2 trillion last December.
