Was Bitcoin created by criminals to launder money?

No one knows the identity of Bitcoin’s alleged creator, Satoshi Nakamoto, who has claimed authorship of the original Bitcoin white paper, first published in October 2008. Nevertheless, a popular narrative about its creation is that it was made by criminals for criminal activities. Many believe that Bitcoin was in fact created as a response to the financial crisis of 2007-2008, when big banks were bailed out while people lost their homes through foreclosure. It was a time when average citizens become disenchanted with derivates, bank loans and other traditional investment instruments invented by the banking system that led to high inflation, bubbles and epic bursts.