Satoshi

Vision

Satoshi Nakamoto

Bitcoin

Echoes

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In a statement made exactly 14 years ago, pseudonymous Bitcoin creator <a href="https://u.today/satoshi-nakamotos-crucial-bitcoin-insight-echoes-after-14-years-details" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a> highlighted the potential of Bitcoin for everyday payments.
At that time, Bitcoin was valued at just $0.07, a far cry from its current price. Satoshi envisioned a world where Bitcoin could be used for payment transactions, bypassing traditional financial institutions and their associated fees.
In a recent <a href="https://x.com/pete_rizzo_/status/1838186553966797006" rel="noopener noreferrer nofollow">tweet</a>, Bitcoin historian Pete Rizzo reflected on Satoshi's insights into Bitcoin’s use for payments, dating back to a time when Bitcoin was valued at just $0.07 per coin.
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 ✨ Satoshi Nakamoto on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> for payments at $0.07, exactly 14 years ago <a href="https://t.co/rXCnJw6CdP" rel="noopener noreferrer nofollow">pic.twitter.com/rXCnJw6CdP</a>— The Bitcoin Historian (@pete_rizzo_) <a href="https://twitter.com/pete_rizzo_/status/1838186553966797006?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 23, 2024</a>
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In a tweet, Rizzo wrote: Satoshi Nakamoto on Bitcoin for payments at $0.07, exactly 14 years ago.
Satoshi's statement reads: "Bitcoin would be convenient for people who dont have a credit card or dont want to use the card they have, or (are) afraid of recurring billing." This statement was reportedly made by Satoshi Nakamoto on Sept. 23, 2010.
<h2 id="bitcoin-seeing-increasing-acceptance">Bitcoin seeing increasing acceptance</h2>
Launched in 2009, <a href="https://u.today/bitcoin-historical-trend-foreshadows-epic-rally-in-q4-details" rel="noopener noreferrer nofollow">Bitcoin</a> was intended to be used as a form of payment outside of legal tender. Since then, Bitcoin's popularity has surged, and its blockchain uses have grown.
The first known real-world transaction made with Bitcoin was in 2010 when Laszlo Hanyecz, a software developer and early Bitcoin supporter, spent 10,000 Bitcoins for pizza. Today, the coins would be worth more than $580 million.
Bitcoin's price has climbed over the last 14 years from $0.07 to trade in the thousands of dollars. Bitcoin reached its current all-time high of over $74,000 in mid-March this year. The rise in Bitcoin's value might be a testament to its increasing acceptance and use in digital transactions worldwide.
At the time of writing, BTC was up 0.92% in the last 24 hours to $63,406. According to the most recent CoinShares report, digital asset investment products had a second consecutive week of inflows totaling $321 million. Bitcoin was the main focus, with $284 million in inflows.

14 Years On: Satoshi Nakamoto's Vision for Bitcoin Payments Echoes

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