16 years of Bitcoin journey: Looking back at the first tweet when the price was 0

On 10/1/2009, history was marked with the first tweet about Bitcoin from Hal Finney, a computer scientist and one of the pioneers laying the foundation for the cryptocurrency revolution. The tweet line with the symbolic of Finney "Running Bitcoin" emphasized by Bitcoin historian Pete Rizzo has been shared on X: The first tweet about Bitcoin was posted when the price was $0, exactly 16 years ago.

Hal Finney is one of the first Bitcoin users. On 12/1/2009, he received the first Bitcoin transaction from Satoshi Nakamoto, the anonymous creator of Bitcoin. Finney's first Bitcoin tweet was sent 16 years ago, marking the beginning of a new era, as Bitcoin had no monetary value at that time. After 16 years, BTC has become a global financial asset, establishing an all-time high of $108,268 on 12/17/2024. As reported, Finney predicts that if Bitcoin becomes the dominant global payment system, its value "must be equal to the total value of all assets in the world." Extending this logic, he has determined a value of $10 million for the leading cryptocurrency. What do Bitcoin indicators reveal? At the time of writing, the price of BTC has decreased by 0.12% in the past 24 hours to 94,481 dollars.

The short-term Bitcoin holder (STH) cost base model is an important indicator for assessing the psychology of new investors. Historically, this model tracks the market's lows in bull and bear cycles. According to Glassnode, the current BTC price is nearly 7% higher than the cost basis of $88,135. If the price stabilizes below this level, it may indicate weakening sentiment among new investors, which is often a turning point in market trends. Meanwhile, the proportion of Bitcoin held by new investors (coins under three months old) has increased, accounting for 49.6% of the network's liquidity. This implies that mature investors have distributed during the price increase, so new demand has offset selling pressure.