The rise and fall of bitcoin: what is its value on January 7

Bitcoin has laid the groundwork for the creation of many of the digital currencies on the market and has marked a crucial moment for digital payment solutions.

Bitcoin, the most popular cryptocurrency on the market, has been promoted by entrepreneurs such as Elon Musk and governments such as El Salvador, where its use is legal. (Illustrative Image Infobae)

Bitcoin was the first cryptocurrency to be launched on the market. Created by Satoshi Nakamoto in 2008, this digital currency promoted a libertarian ideal and sought to challenge traditional monetary and financial institutions after the global financial crisis that occurred that year.

Bitcoin (BTC) uses cryptography to ensure that its operations are not regulated by any institution or banking body, which in turn has put the currency in the middle of a debate about its volatility, since by not requiring intermediaries it has been accused of facilitating illegal activities such as fraud.

Despite skepticism, there are those who have bet on bitcoin: El Salvador became the first country to adopt this cryptocurrency as legal currency on June 9, 2021, and Honduras Próspera, a special autonomous zone in Central America, has also done the same.