PK Press Club – On January 10, 2009, history was made with the first ever Bitcoin-related tweet by pioneer and computer scientist Hal Finney.
Finney’s iconic “Running Bitcoin” tweet was highlighted by Bitcoin historian Pete Rizzo, who shared on X: “The first Bitcoin tweet, posted when the price was $0, exactly 16 years ago. ยป
Finney was among the earliest users of Bitcoin and on January 12, 2009, he received the first Bitcoin transaction from Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Finney’s first Bitcoin tweet, sent 16 years ago, marked the beginning of a new era, as Bitcoin had no monetary value then. 16 years later, Bitcoin has become a global financial asset, reaching an all-time high of $108,268 on December 17, 2024.
As noted, Finney predicted that if Bitcoin becomes the world’s dominant payment system, its value “should be equal to the total value of all the world’s wealth.” Expanding on this logic, he determined a value of $10 million for the leading cryptocurrency.
What Bitcoin Indicators Reveal
At the time of writing, BTC was down 0.83% over the past 24 hours at $94,507.
Bitcoin’s short-term holder (STH) cost basis model is a crucial indicator for gauging new investor sentiment. Historically, this pattern has tracked market lows during bull cycles and distinguished between bull and bear markets.
According to Glassnode, the BTC price is currently almost 7% higher than the STH base price of $88,135. If the price stabilizes below this level, it may indicate a loss of confidence among new investors, often a turning point in market trends.
At the same time, the percentage of Bitcoin wealth held by new investors (coins less than three months old) increased, accounting for 49.6% of network liquidity. This implies that mature investors have distributed coins significantly throughout the rally, with new demand offsetting the pressure on the sell side.
