Satoshi’s Vision of “Bitcoin Power” Rings True 16 Years Later ⋆ ZyCrypto
The post Satoshi’s Vision of “Bitcoin Power” Rings True 16 Years Later ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     As Bitcoin reaches new heights, the bold words of its mysterious creator, Satoshi Nakamoto, echo across the crypto world. Bitcoin recently hit an all-time high of $75,410, which has added new context to Satoshi Nakamoto’s early vision for this digital currency. As Nakamoto expressed in his message on November 6, 2008, what people would not have fathomed just sixteen years into the future. Now, that statement, resurfaced by Bitcoin historian Pete Rizzo, seems even more thought-provoking as the crypto asset begins to settle into its place in a shifting financial landscape. ✨ Satoshi Nakamoto on the power of #Bitcoin at $0, exactly 16 years ago pic.twitter.com/PkyW9Y4AcT — The Bitcoin Historian (@pete_rizzo_) November 6, 2024 Bitcoin’s Record-Breaking Moment: Satoshi’s Dream Lives On When Satoshi Nakamoto outlined the vision for this new currency in 2008, it was unheard of to have a digital currency free from banks and border restrictions. Today, Bitcoin’s Market Cap is around $1.49 trillion, and Satoshi Nakamoto’s words, “The power of Bitcoin,” are accurate. Advertisement   The price of Bitcoin rose by nearly 6.4% in the last 24 hours, partly due to new buying interest spurred by Donald Trump’s victory in the U.S. presidential race. At the time of writing, BTC is trading for $75,281. It now commands 56.9% of the overall crypto-market share. Due to the high prices of Bitcoin, old wallets have resurfaced, and people who have had Bitcoins for years are active in the market again. Blockchain analytics firm Santiment reported that wallets that had not been active for five or more years witnessed a rise in activity, with holdings rising from 467 Bitcoins to 688 Bitcoins within 24 hours. Similarly, the long-term wallets that held Bitcoin for over three years increased from 1,199 BTC to 2,235 BTC. Early investors get an opportunity to…
Filed under: News - @ November 6, 2024 10:24 pm