Digitalization 04.01.2022 760

Bitcoin celebrates 13 years today

January 3rd, 2022 is a very important date for the leading crypto currency Bitcoin. It's been 13 years since the first BTC block, Genesis, was released on January 3rd, 2009. This day is celebrated every year as "Startup Day", the birthday of Bitcoin. With Asian markets and the Hong Kong Bitcoin Association being the first to celebrate Bitcoin's birthday this year, the current outlook for BTC is fascinating. How did BTC block production start and how will it evolve?

IT WAS 13 YEARS AFTER THE FIRST BTC BLOCK RELEASED

The Bitcoin whitepaper was launched in 2008 by the still unknown Satoshi Nakamoto. The first bitcoin block was released on January 3rd, 2009. This block of 50 bitcoins is called the "starting block". Nakamoto made one of the Times headlines on his first blog and left the following message:

DESIGNED TO CHANGE THE BITCOIN BANKING SYSTEM

Bitcoin emerged after the financial crisis that hit the world in 2008 and was intended to revolutionize modern banking systems. Nakamoto aims to repair the corrupt financial system by building an anonymous, reliable and decentralized structure. Bitcoin's goal is to create a community-based monetary system by eliminating banks viewed as dark middlemen and untrustworthy assets.

BITCOIN IS REGARDED AS A STRONG VALUE FOR CRISIS IN THE BANKING AND FINANCIAL SYSTEM

13 years after its creation, Bitcoin, which is already very strong with a market value of around $ 900 billion, has achieved its purpose to some extent. According to many, Bitcoin, which is much more reliable than traditional financial instruments and banking systems, has become an almost globally accepted entity. Every day, billionaires, famous names, governments, corporations and banks show up one after the other with bitcoin messages. This shows how successful Bitcoin has been in a short 13 year period.

IS RUNNING FOR ANALYSTS, BITCOIN ALTERNATIVE SUPPORT IS RUNNING VERY GOOD

With a birthday price of $ 47,000, BTC has increased about G since last year. Although it fell below the $ 50,000 support on December 28, the lower $ 40,000 BTC support is holding up very well, according to many analysts. The bull move in 2021 is also known to clearly show the true potential of Bitcoin. Accordingly, this year may also be a bullish year for BTC, but according to the current chart, a downward trend has been observed since November.

BITCOIN IS ACCEPTABLE AS THE BEGINNING OF A NEW ERA

Although Genesis Block is considered to be the main hub of Bitcoin, the most important thing is the point reached after 13 years. In the crypto money ecosystem, which is evolving with blockchain, metadata, NFT and many other innovations, there can be developments that even Satoshi Nakamoto could not imagine at the time. According to experts, however, it is also claimed that while the Bitcoin price has a potential of $ 100,000, it is quite volatile and cannot detect any clear movements. It is therefore known that there will always be the beginning and the path of an era, no matter what happens to Bitcoin.

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