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, vice president 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, vice president of portfolio management at Arca Funds:
“BTC is the gateway drug which opened everyone’s eyes to how big digital assets 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, business development strategist and former vice president 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, co-founder and CEO of Unbanked:
“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 Global Trading:
“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 widespread participation and adoption. Mazel Tov!”
Related: New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week
Meanwhile, Nayib Bukele, the president of El Salvador and a Bitcoin proponent, speculated that BTC will hit $100,000 this year.
2022 predictions on #Bitcoin:
— Nayib Bukele (@nayibbukele) January 2, 2022
•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
BTC rang in the new year below $47,000 and was $46,100 at the time of publication. Whether you are bullish or bearish, the asset has come a long way in terms of adoption and security.