January 3rd, 2022 is the 13th anniversary of the birth of Bitcoin Creation Block. The trend of bitcoin in 13 years tells you the rising trend of bitcoin value and its price. In the past 13 years, Bitcoin has suffered numerous repression and negative results, but Bitcoin, a wild boy, has proved its value with an unparalleled momentum.
Recently, Jeremy Siegel, a professor of finance in wharton school, said that bitcoin, as a tool to fight inflation in the minds of many young investors, has surpassed gold, especially millennials have regarded investing in bitcoin as their belief in value.
Elon Musk, CEO of Tesla, responded to the tweet of Jack Dorsey, former CEO of Twitter, commemorating the 13th anniversary of Bitcoin, saying that the bitcoin creation block reminds him of the classic game Genesis 5: Destiny Fighter. According to a research report by investment banking giant Goldman Sachs, the rise of bitcoin has reduced the market share of gold. Goldman Sachs said that if bitcoin occupies 50% of the so-called value storage market, its price may rise to more than 100,000 US dollars. The bank said that the application of bitcoin may not only be value storage, but also that in the digital asset market, compared with the characteristics of bitcoin, gold and silver, it is really difficult to deprive encrypted digital assets from individuals. If your private key is still in hand, then this private key, which corresponds to the balance and currency in the account, will always be your personal assets. As long as the private key is not lost, the assets will always belong to you, and no one can prove that you own this string of private keys.
Therefore, many millennials begin to use cryptocurrency assets more and more, and cryptocurrency has been more and more owned and used by the silent majority. More and more young people are joining or seeing the impact of this industry on the future. It is up to this group of people to make their choices and decisions about what cryptocurrency will look like in the next decade.