Bitcoin Digital Money

Bitcoin is a special kind of digital money that works like online gold. Unlike regular money that banks and governments control, Bitcoin belongs only to the people who own it. It's like having digital coins in your own digital piggy bank that only you can open!

Key Points:

  • Bitcoin is digital money that exists on computers around the world
  • No single person or government controls Bitcoin
  • You can send Bitcoin to anyone in the world without asking permission
  • There will only ever be 21 million Bitcoin, which makes it special and valuable

Think of regular money (like dollars or euros). Who makes it? Governments do! They can print as much as they want. But Bitcoin is different - no one can make more than the 21 million that will ever exist.

Bitcoin lives on thousands of computers all around the world. This means no one person or company owns or controls it. It's kind of like how the internet doesn't have one owner - it's a network that everyone can use!

When you have Bitcoin, it's really yours. No bank can tell you what to do with it or freeze your account. This is why people say Bitcoin gives you "freedom" with your money.

Test Your Knowledge

1. What makes Bitcoin different from regular money?

a) It's only used in video games
b) No bank or government controls it
c) It's only for adults
d) It can only be used online

2. How many Bitcoin will ever exist?

a) Unlimited amount
b) 1 million
c) 21 million
d) 100 million

You got 0 out of 2 correct!