Bitcoin celebrates 16 years with a billion dollar purchase

As Bitcoin celebrates its 16th anniversary since Satoshi Nakamoto launched it in 2009, it continues to struggle to regain the elusive $100,000 floor support.
In the past 48 hours, the exchange supply of Bitcoin has decreased by 11,000 BTC, signaling less selling pressure, which follows a broader trend since the beginning of the year, with investors accumulating $1 billion in BTC.

In 2009, Bitcoin emerged as an idea poised to reshape the financial world. This innovation is detailed in a concise nine-page white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” written by the mysterious Satoshi Nakamoto. Sixteen years later, Bitcoin has become the 10th largest asset in the world, hailed as the leading symbol of financial freedom.

As Bitcoin celebrates its 16th anniversary, investors are showing renewed confidence in the leading digital asset. According to data from Glass knotsupply of Bitcoin on exchanges fell by 11,000 BTC in just 48 hours, indicating reduced selling pressure and a strong commitment by owners to hold on to BTC. Since the beginning of the year, investors have accumulated $1 billion worth of Bitcoin. This behavior indicates that Bitcoin is increasingly considered not only a speculative asset, but also a key element of long-term investment strategies.

Bitcoin has seen several monumental moments, starting with the approval of the ProShares Bitcoin Strategy (BITO) in 2021, marking the introduction of the first exchange-traded fund (ETF) in the US for Bitcoin futures. This was followed by the Securities and Exchange Commission (SEC) approval of 11 spot Bitcoin ETFs in January 2024.

Since then, institutional interest in Bitcoin has grown, significantly strengthening the asset’s market position. In December of net flows into spot Bitcoin ETFs jumped to $4.63 billion, far exceeding the 2024 monthly average of $2.77 billion. This remarkable momentum underscores the vital role Bitcoin ETFs play in attracting investment, culminating in a total net inflow of $1.14 trillion in 2024.

Bitcoin price prediction

In a performance at CNBCwell-known Bitcoin enthusiast Tom Lee has made a bold prediction: the price of Bitcoin could soar to a whopping $250,000 in 2025. Lee’s optimistic forecast is based on his belief that the regulatory landscape is becoming more favorable with the incoming Trump administration and increased interest in Bitcoin Reserves being developed by other nations.

As of this writing, there are 19 million BTC in circulation, with a limited supply of 21 million coins. Bitcoin is currently trading at $96,800which reflects its strong market presence. In the last 24 hours, the trading volume increased by 26.23%, reaching a total of 40 billion dollars, which further indicates increased activity and interest among investors. If Bitcoin successfully turns $100,000 into a support level, it could open the door to a rise towards $105,000, signaling a significant step in its recovery. However, a loss of support at $96,000 could trigger a drop to $93,500, adding to investor concern.