Video: Kids explain bitcoin


At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

What is bitcoin?

“Um, a coin?”

“It’s a coin.”

“Bitcoin is digital money.”

“Oooh, like a digital coin. I get it now.”

“My mommy’s using bitcoin when she’s shopping online.”

“Bitcoin is money that you can transfer on a computer.”

“Bitcoin is money that can be on an app on the phone.”

“Bitcoin is electronic money!”

“Bitcoin, bitcoin, bitcoin.”

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