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Bitcoin was introduced to the world in 2018 by Satoshi Nakomoto, who to date remains anonymous. Initially, Bitcoin was worth $0, and the first price surge happened in 2010 when the price hopped from a fraction of a penny to $0.09. Bitcoin gained its mainstream traction because it allows traders to bet against its price changes and hedge against inflation. The main motto of Bitcoin was to become the ideal solution to circumvent traditional financial systems after 2008’s economic collapse. People pay a particular amount to buy Bitcoin if they think its value will increase.