In a latest tweet, Bitcoin historian Pete Rizzo introduced consideration to one of many earliest statements believed to have been made by Bitcoin’s pseudonymous creator(s), Satoshi Nakamoto.
Rizzo shared a selected assertion that dates again to Jan. 14, 2009, through which Satoshi highlighted the promise of Bitcoin. “Satoshi Nakamoto on the promise of Bitcoin, precisely 16 years in the past. True at $0, true immediately,” Rizzo wrote.
✨ Satoshi Nakamoto on the promise of #Bitcoin, precisely 16 years in the past. True at $0, true immediately 💫 pic.twitter.com/oqBTVnyFPu
— The Bitcoin Historian (@pete_rizzo_) January 14, 2025
The assertion made by the Bitcoin founder goes thus: “I feel there have been much more folks within the 1990’s, however after greater than a decade of failed Trusted Third occasion based mostly methods, they see it as a misplaced trigger. i hope they make the excellence, that that is the primary time i do know of that we try a non belief based mostly system.”
This assertion got here two days after the primary Bitcoin transaction was despatched by Satoshi Nakamoto to laptop scientist Hal Finney and 11 days after the Genesis block was mined.
Right now, Bitcoin was nearly price $0. Nevertheless, Bitcoin’s unique promise went past value; it was to create a trustless, permissionless system that permits folks to manage their very own cash. In immediately’s world, Satoshi’s imaginative and prescient is extra related than ever.
With Bitcoin presently buying and selling at $96,804, Satoshi’s promise stays true, proving that Bitcoin is rather more than a speculative asset — it’s a revolutionary know-how with the potential to remodel the way forward for cash.
Bitcoin value motion
Bitcoin quickly fell under $90,000 on Monday as buyers fled dangerous property. Bitcoin plummeted to $89,259 earlier than recovering.
Bitcoin has regained $96,000, and as of this writing, the main cryptocurrency is buying and selling at about $96,604, up 5.77% within the final 24 hours, in keeping with CoinMarketCap information.
Regardless of recovering latest losses, Bitcoin’s value remains to be down 5.6% from this time final month and 4.19% weekly. It’s also down about 11% since its document excessive of $108,268 reached on Dec. 17.
