Why was Bitcoin created?

While the creator of Bitcoin remains anonymous, the reasons behind its creation remain speculative. However, from the white paper, it is possible that it was driven by several factors:

First, Bitcoin aims to address the flaws of the traditional trust-based financial (TradFi) system, such as centralized control, high transaction fees, and limited accessibility.

Second, Bitcoin's fundamental principles include decentralization, trustlessness, security, and privacy - all of which are enabled by blockchain technology. By eliminating intermediaries, Bitcoin enables fast, low-cost transactions, financial inclusion, and greater transparency.

These factors also reflect public criticism of the global financial system at the time of Bitcoin's launch (soon after the 2007-2008 global financial crisis).