Bitcoin's value has dramatically increased over 16 years, reaching all-time highs

From Investing.com

January 13, 2025 10:30:19 AM:

On Jan. 12, 2009, Satoshi Nakamoto made the first peer-to-peer transaction on the Bitcoin network, sending 10 BTC to Hal Finney. The transaction cost 0 BTC, occurring three days after the release of the first open-source Bitcoin client on Jan. 9, 2009.

Finney, an early Bitcoin user, received 10 BTC which would have been worth nothing in 2009. Today, the value of the same amount of Bitcoin could be worth hundreds of thousands of dollars. Bitcoin’s current market valuation is around $1.84 trillion, with the price currently at $92,560 after hitting all-time highs in December.

The Genesis Block, mined by Nakamoto on Jan. 3, 2009, rewarded 50 BTC that can never be spent. Bitcoin has evolved into a global financial phenomenon over 16 years, with its price affected by macroeconomic factors. Investors are watching economic indicators closely following a strong jobs report raising concerns about potential Federal Reserve actions.

Read more at Investing.com: 16 Years of Bitcoin’s Legacy By U.Today