U.Today – A historical statement from the creator of the pseudonym, Satoshi Nakamoto, recently appeared, sparking reflection on the history of cryptocurrency prices. In a tweet, Alex Thorne, head of research at U.Today, wrote Galaxy Digital (TSX:), 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. 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 01/03/2009 Treasury Secretary on Brink of Second Bank Bailout,” referring to to a headline in The Times that ran the same thing. Although the Bitcoin report was released on October 31, 2008, many consider January 3, 2009 to be… Cryptocurrency birthday. And prominent figures in the field of cryptocurrencies on the occasion of Bitcoin’s sixteenth birthday.
From $0 to $100,000
Thorn shared an image showing the Bitcoin price on 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. 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. The current market value of Bitcoin is $1.93 trillion, after touching $2 trillion last December.
