The crypto community in East Asia was among the first to celebrate the anniversary of the launch of Bitcoin, as Asian markets woke up to start the first trading week of 2022.

Happy Genesis Block Day! Today, Bitcoin is 13 years old. It’s also a great day to withdraw your coins to a wallet you own and control! # Proof of keys 🔑

– Bitcoin Association Hong Kong Bitcoin Association (bitcoinorghk) January 3, 2022

Many members of the crypto community advocate keeping the bitcoin keys to a wallet controlled by the individual rather than third parties, including cryptocurrency exchanges.

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The call and encouragement to keep the keys to Bitcoin in private wallets, became frequent with every Bitcoin birthday and the mining of its first block on January 3, 2009.

Proof of Keys celebrates this annual event that encourages Bitcoin investors to take control of their assets.

Brief history of Bitcoin:

On January 3, 2009, the mysterious and still unidentified “Satoshi Nakamoto” released the “Genesis” foundation block containing the first 50 bitcoins.

He also left a message on the blockchain that is still preserved, quoting a headline from the UK’s “Times” newspaper:

The times 03 / January / 2009

The chancellor is on the cusp of the second bailout of the banks.

Nakamoto began working on the white paper in 2008, and published it in October of the same year.

The concept behind an anonymous decentralized currency emerged in the wake of the 2008 financial crisis, for which many economists blamed banks.

Satoshi was not a fan of the modern banking system, and he had a particular resentment of central and reserve banks.

Especially the mechanism related to the bank accepting deposits and making loans or investments, but it is required to keep reserves equal to only a small part of its deposit obligations.

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The bank mainly uses money that it does not have.

Satoshi Nakamoto wanted to get rid of shady banks and brokers he deemed corrupt and unreliable, and chose to create a community-driven digital currency.

Thirteen years later, Bitcoin is still going strong and its total market capitalization has grown to nearly $900 billion.

Bitcoin is now held by billionaires, banks, celebrities, governments and corporations, and is a testament to how far Bitcoin has come in its short life.

Read:Federal Reserve announces interest rate hike, Bitcoin price remains flat

Banking chaos and economic turmoil are in crisis again.

Bitcoin Price Predictions:

On the anniversary of the creation of the first block in the Bitcoin blockchain “Genesis” last year, Bitcoin was trading at just over $32,000.

Since then, the price has increased by nearly 47% compared to current prices at around $47,000.

The asset is still consolidating in this range as it has been since dropping below $50K on December 28th.

Support appears to be strong here at the moment, but Bitcoin has trended further lower since mid-November.

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