Happy Birthday, Bitcoin! Industry players share a few words

Published at: Jan. 3, 2022

To celebrate the Bitcoin network 's 13th anniversary, Cointelegraph gathered birthday messages from industry players to mark the occasion. Following a hash rate all-time high, Bitcoin (BTC) has officially reached its adolescent years and industry experts weigh in on its future.

Beimnet Abebe, VP of Principal Trading at Galaxy Digital:

"13 years ago Bitcoin was released. Although its creation garnered little fanfare, drawing the eyes and attention of only a few esoteric coders, its release would prove monumental, enabling anyone, anywhere in the world to access digitally scarce money for the first time and opening the door to protocols that would go on to power the next iteration of the Web."

Hassan Bassiri, VP of Portfolio Management at ARCA Funds:

"BTC is the gateway drug which opened everyone's eyes to how bug digital sets can truly be. As the BTC ecosystem grows and it becomes a more productive asset in terms of lend/borrow and yield, we can expect more entrants, research and opportunities with other currencies and blockchains."

Laura Vidiella, Operations at FTX US Derivatives and former VP of Institutional Sales at Paradigm: 

“The BTC ecosystem will continue to see increased growth in products and capital in 2022. With the increasing offering in derivatives and structured products, traditional entities are deploying more capital by investing in yield generating strategies they are familiar with.”

Ian Kane, CEO & Co-Founder of Unbanked.com:

“Its creation transcended time zones, borders, and governments - and financially empowered millions of people across the world. It is a testament to human ingenuity and that one person (or group of people) anywhere in the world can create something with an impact bigger than themselves. The next 13 years are going to be even more influential than the last as everyone moves towards a Bitcoin standard.”

Related: The year for Bitcoin: A 2021 roundup of the flagship crypto

Marc Yaklofsky, Head of Communications and Public Relations at Genesis Capital:

“There is an old Japanese proverb that goes, 'Beginning is easy, continuing is hard.' The journey to change the world has only just begun. Continue on, Bitcoin!”

Rich Rosenblum, Founder of GSR Markets:

"It is appropriate that Bitcoin is celebrating its bar mitzvah today. 2022 will be its first full year with an ETF, and wide spread participation and adoption. Mazel Tov!"

Related: New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week

Meanwhile, President of El Salvador Nayib Bukele and Bitcoin proponent speculated that BTC will hit $100,000 this year.

2022 predictions on #Bitcoin:•Will reach $100k•2 more countries will adopt it as legal tender•Will become a major electoral issue in US elections this year•Bitcoin City will commence construction•Volcano bonds will be oversubscribed•Huge surprise at @TheBitcoinConf

— Nayib Bukele (@nayibbukele) January 2, 2022

BTC rang in the new year below $47,000 and was $46,100 at time of publication. Whether you are bullish or bearish, the asset has come a long way in terms of adoption and security.

Tags
Related Posts
Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price
Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form. Next to that, the exchange reserves are hitting record lows, which is a massive signal of strength, suggesting that most investors are taking their Bitcoin from exchanges, reducing the overall supply that can be sold on the market. Will Bitcoin break out due to the golden cross? The daily chart for BTC/USD shows …
Blockchain / Sept. 14, 2021
Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?
Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high. The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit and break through the resistance barriers in September. Historically, September has been a corrective …
Blockchain / Sept. 1, 2021
Exchange inflows, on-chain data show retail traders fueled Bitcoin’s sell-off
For the crypto faithful who have been in the space since 2017, the market moves over the past few days have caused flashbacks for some, stirring up long-repressed memories of Bitcoin’s (BTC) fall from $20,000 to $3,000 at what was the start of a long, two-year "crypto winter." The 50% plunge in Bitcoin's price from just shy of $60,000 on May 10 to a low of $30,000 during the worst part of the May 19 sell-off has prompted many to say the top is in for the 2021 bull market, but a recent article by Chainalysis chief economist Philip Gradwell …
Blockchain / May 20, 2021
Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly
According to data collected from over 1,000 crypto social media channels, the average crowd sentiment towards Bitcoin (BTC) adapted from slightly bullish to overwhelmingly bullish in the days leading up to Thursday’s dramatic pullback, mirroring the levels previously observed during its May and August price tops, respectively. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicated that with both short-term and long-term Bitcoin holders in a position of 15% and 63% profit, the likelihood of profit-taking became high. To make matters more ominous, the funding rate on Bitcoin’s derivatives market was at a three-month high on Bitmex, …
Adoption / Nov. 26, 2020
How bad is the current state of crypto? On-chain analyst explains
Despite the market downturn and the widespread negative sentiment in the industry in the wake of the FTX collapse, on-chain data still show reasons to be bullish on Bitcoin. As pointed out by on-chain analyst Will Clemente, it’s enough to look at the long-term holders’s Bitcoin positions: they reached an all-time high despite their profitability being at an all-time low. “Long-term holders buy heavily into the bear market. They set the floor[...] and then those long-term holders distribute their holdings to new market participants in the bull market”, he told Cointelegraph in an exclusive interview. Another positive trend worth noticing …
Blockchain / Nov. 25, 2022