Bitcoin, the quirky product created by Satoshi Nakamoto, has become one of the largest assets in the world. Starting from just a few cents, this currency is now valued at $116,000 and even higher at its peak of $123,000. Notably, while this development has captivated investors, Nakamoto's prediction 15 years ago is also gradually coming true.
Satoshi Nakamoto's Prediction 'Bitcoin Will Exceed Electricity Prices'
Today, August 7, marks the 15th anniversary of Satoshi Nakamoto's prediction about Bitcoin. On August 7, 2010, Satoshi predicted that the utility of exchanging BTC would exceed the electricity costs required to operate them. Interestingly, at that time, the price of BTC was only $0.07, but today it is valued at up to $116,000.
The utility of exchanging through Bitcoin will far exceed the electricity consumption costs. Therefore, the absence of Bitcoin would be a net waste.
Interestingly, this quote has resurfaced in the cryptocurrency community today, as analysts like Crypto Rand remind the world of this prediction. At that time, BTC was still young and had more to lose, but today it is building a $2.3 trillion industry.
Notably, electricity consumption remains an issue and is being criticized worldwide. Satoshi's predictions still hold true and explain why Bitcoin is winning despite all difficulties. The demand for Bitcoin has shifted from investors to institutions and governments, as many countries, including the United States, are building a Strategic Bitcoin Reserve Fund.
Bitcoin Responds to EU Rate Cut, More to Be Done
Satoshi Nakamoto's Bitcoin is the largest digital currency and is also regarded as 'digital gold'. Just in 2025, this currency has achieved many all-time high (ATH) records in price increase, ETF capital inflow, and global acceptance, including institutional purchases. However, volatility still occasionally affects its performance, evidenced by a recent drop to $113,000 this week, but the price has changed today.
When the Bank of England (BoE) announced a 25 basis point rate cut to 4.00%, the price of BTC reacted positively. Notably, this is the second rate cut this year and aligns with the bank's goal of bringing inflation down to its target of 2%. These significant developments have positively impacted the cryptocurrency market performance, pushing BTC to a weekly high of over $116,000, ETH to $3,800, etc. However, Trump's tax order and the delay in rate cuts in the United States are pulling it down from ATH levels.