On Unix-like operating systems (including AIX, BSD, Linux and macOS), tilde normally indicates the current user's home directory. [...] This convention derives from the Lear-Siegler ADM-3A terminal in common use during the 1970s, which happened to have the tilde symbol and the word "Home" (for moving the cursor to the upper left) on the same key.
https://en.wikipedia.org/wiki/Tilde#Directories_and_URLs
pic: the ADM-3A
picture of a ADM-3A terminal, w…

