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Basics Β· 2 min read

What is Bitcoin?

The 90-second version, no math degree required.

Bitcoin is digital money that no single company, bank, or country controls. It runs on a public network of computers all over the world that agree on who owns what. Think of it like a giant shared ledger that anyone can read but no one can secretly edit.

Unlike dollars or euros, no government can print more Bitcoin. There will only ever be 21 million coins, and right now about 19.8 million already exist. That fixed supply is the whole reason people compare it to gold.

You don't have to buy a whole Bitcoin. You can own any tiny fraction of one. Most people start with $20 or $50 just to get a feel for it. The price moves a lot day to day, so it's a long-game thing, not a savings account.

What makes it useful: you can send Bitcoin to anyone in the world in minutes, no bank approval needed. What makes it risky: prices swing hard, and if you lose your password, no one can reset it for you.

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