#SECETFApproval Hi! Now we want to discuss the history of cryptocurrency.
So, it all started in 2008. At that time, the world was hit by a global financial crisis. Many people lost faith in the traditional financial system—banks were seen as too powerful, but also too vulnerable.
Then, a mysterious figure named Satoshi Nakamoto emerged. No one knows who he is. It could be one person, or it could be a group. Satoshi then released a whitepaper introducing the concept of Bitcoin—a digital currency that is not controlled by any government or bank, but rather by a network of computers around the world.
In 2009, Bitcoin was officially launched, and the first person to receive a Bitcoin transaction was a programmer named Hal Finney. But at that time, its value was not much. In fact, in 2010, someone bought two pizzas for 10,000 Bitcoins. Now? Its value could buy a luxury home.