🤩🤩🤩 16 Years of
#bitcoin : From
#halfinney 's First Tweet to a $94K Global Asset
On January 10, 2009, Bitcoin pioneer and computer scientist Hal Finney made history with the first-ever Bitcoin-related tweet: "Running Bitcoin." Highlighted by Bitcoin historian Pete Rizzo, he noted on X, "The 1st Bitcoin tweet, posted when the price was $0, exactly 16 years ago."
Finney, one of Bitcoin's earliest adopters, received the first Bitcoin transaction from its pseudonymous creator, Satoshi Nakamoto, just two days later on January 12, 2009. At the time, Bitcoin had no monetary value, but this milestone marked the start of a financial revolution.
Sixteen years later, Bitcoin has become a global financial asset, reaching an all-time high of $108,268 on December 17, 2024. Finney once speculated that if Bitcoin became the dominant global payment system, its value would reflect the total wealth in the world, estimating a potential price of $10 million per Bitcoin.
Current Market Overview
- As of now, Bitcoin is trading at $94,335, down 0.83% in the past 24 hours. The Short-Term Holder (STH) cost-basis model, a key sentiment indicator for newer investors, suggests a price of $88,135. With
#BitcoinTrading nearly 7% above this level, it shows resilience, but a drop below the STH cost basis could signal waning sentiment, potentially shifting market trends.
- Additionally, new investors are playing a significant role in the current rally. Coins less than three months old now represent 49.6% of Bitcoin's liquidity, indicating that seasoned investors have distributed their holdings, while new demand has absorbed the sell-side pressure.
- Hal Finney’s visionary contributions continue to shape Bitcoin’s legacy, from its humble beginnings to its status as a transformative global asset.
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