The 2008 financial crisis was the worst economic disaster since the Great Depression. Lehman Brothers, a popular bank, declared bankruptcy holding over $600 billion in assets.It was created after this crisis as a way for users to take control of their money, instead of trusting the financial system.It also happens to be faster then the way banks transfer money. It was also used as a way to transact while anonymous. We later find out Bitcoin isn’t as anonymous as we thought, but newer coins (such as XMR, monero) were created to solve the issue.