This is a question that often pops up in the minds of those who are new to the world of Bitcoin. While the exact date is not clear, it is believed that Bitcoin was created in early 2009 by an anonymous individual or group of individuals known as Satoshi Nakamoto.

The first ever transaction using Bitcoin took place on January 12, 2009 and since then, the use of Bitcoin has grown exponentially.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin has been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin. The U.

S. Securities and Exchange Commission has also warned investors about the potential risks of investing in virtual currencies.

Despite these warnings, the popularity of Bitcoin continues to grow and it remains one of the most popular digital currencies available today.