#CryptoFees101 Based on a free market ideology, cryptocurrency was conceived in 2008 by an individual or group of individuals under the pseudonym Satoshi Nakamoto, whose concrete identity is unknown. In 2009, its implementation was presented as free software and the peer-to-peer network began to operate a year later. After a progressive growth between 2010 and 2019, trading in average ranges of 7000 dollars; there was a massive appreciation due to the COVID-19 pandemic between 2020 and 2023 which raised the value of the currency above 50,000 dollars. In May 2025, it reached a new all-time high in its valuation, exceeding 110,000 dollars.

Currently, Bitcoin is mostly used as a store of value similar to gold and less as a medium of exchange. It