The first cryptocurrency came into existence on January 3, 2009. It was created by an anonymous computer programmer or group of programmers using the pseudonym Satoshi Nakamoto. This groundbreaking digital currency was none other than Bitcoin. Since then, the world of cryptocurrencies has expanded significantly, with over 25,000 other cryptocurrencies in the marketplace as of June 2023, more than 40 of which have a market capitalization exceeding $1 billion.