What is Bitcoin?

Bitcoin is digital money made for the internet. It lets people send and receive value directly, without banks, governments, or payment companies in the middle. No opening hours. No permission needed. No one controlling it. Think of it as money that works like email: you send it straight to someone else, anywhere in the world.

Bitcoin was created after the 2008 financial crisis, when banks failed and governments printed massive amounts of money to save them. A lot of people realized something was broken:

• Banks could freeze accounts
• Money could lose value overnight
• Ordinary people had no real control over their own savings

Bitcoin’s idea was simple: money without middlemen. No one can just print more. No one can block a transaction. The rules apply to everyone. Instead of trust in institutions, Bitcoin relies on code and math.

At first, Bitcoin was just an experiment. Only a small group of developers and tech enthusiasts cared about it. Then things slowly changed:

• People started using it online
• Exchanges appeared
• Businesses began accepting it

Over time, Bitcoin grew into a global network used by millions of people. Today, many see it as:

• a long-term store of value
• a hedge against inflation
• an alternative to traditional banking