Based on a free market ideology, cryptocurrency was conceived in 2008 by a person or group of people under the pseudonym Satoshi Nakamoto, whose concrete identity is unknown. In 2009, its implementation was presented as open source and the peer-to-peer network began to operate a year later. Following a gradual growth between 2010 and 2019, trading at average ranges of 7000 dollars; there was a massive appreciation due to the COVID-19 pandemic between 2020 and 2023, which raised the currency's value above 50,000 dollars. In May 2025, it reached a new all-time high in its quotation, 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