What Is Bitcoin? Explained in One Minute

Bitcoin is a type of digital currency that works without a central bank. Instead of relying on governments or banks to verify transactions, Bitcoin uses blockchain technology—a decentralized public ledger where every transaction is recorded and cannot be changed.

Think of Bitcoin as internet money. You can send it to anyone, anywhere, anytime, without needing a bank. It runs on a global network of computers, and new Bitcoins are created through a process called “mining,” where powerful machines solve complex math problems.

Why do people care about Bitcoin? It’s limited in supply (only 21 million will ever exist), secure through cryptography, and offers an alternative to traditional financial systems. But its price can be very volatile, and it's still considered high-risk for investors.

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