what is bitcoin

Bitcoin is a type of digital money that is used around the world. It is like an online version of cash, but it doesn’t exist in physical form. It is made up of small pieces of code that are stored on computers. To understand Bitcoin better, you can think of it like a really big bank account. Instead of having to go to a bank to make a deposit or get money out, you can use the internet to send and receive Bitcoin from any computer in the world. Just like you can use cash or a credit card to buy something from a store, you can use Bitcoin too. Here is a fun fact: You can’t make any more Bitcoin than what is already out there. There are a total of 21 million Bitcoin and no more can be made. Stats can help you better understand Bitcoin. For example, in 2020, the value of one Bitcoin was over $10,000, and the total value of all the Bitcoin in the world was over $200 billion. An example of how you can use Bitcoin is if you wanted to buy a new video game online. You can use Bitcoin to purchase it and the money would be sent directly to the store. As you can see, Bitcoin is an amazing way to use money in the digital world!