Despite the sudden and surprising nature of its meteoric rise to popularity in 2020, cryptocurrency had already existed for over a decade by that point. All the way back in 2008, Satoshi Nakamoto penned and released a white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Although far from an immediate success, this paper saw Nakamoto, (a name which is largely believed to be a pseudonym for the founder or founders of Bitcoin,) essentially pioneer not only Bitcoin but also cryptocurrency at large. Considering that this was a time period when online interactions were still viewed with a high degree of skepticism, the idea of digitized currency seemed entirely foreign to the majority of consumers. In the aftermath of the Great Recession that started in 2007 in the US, where bank runs

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