#CryptoCharts101 Based on a free market ideology, cryptocurrency was conceived in 2008 by a person or group of people under the pseudonym Satoshi Nakamoto,[8]​ whose concrete identity is unknown.[9]​ In 2009, its implementation was presented as open source and the peer-to-peer network began to operate a year later. After a gradual 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.[10]​ In May 2025, it reached a new historical maximum in its quotation, surpassing 110,000 dollars.[11]​

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