What is Bitcoin and why is everyone talking about it?
Bitcoin is digital money, but it’s nothing like the money you keep in a bank account or a traditional app.
The big difference? It doesn’t depend on banks, governments, or companies.
It works on the internet and is available to anyone with a phone and a connection.
With Bitcoin you can send and receive money in seconds, anywhere in the world, without asking for permission.
It’s as easy as sending a photo on WhatsApp – but instead of an image, you’re sending real money.
Security: Your money, your rules
With Bitcoin, you are the only one who controls your money.
Your coins are stored in a digital wallet app, like a private safe on your phone.
Only you have the key to open it. No one can freeze your funds or take them away.
Bitcoin as a new type of asset
Beyond being digital money, Bitcoin is also a modern way to store value for the long term, something people used to do with real estate, stocks, or gold.
What is an asset?
An asset is something you buy to protect your money or grow its value over time.
Here are some classic examples:
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Real estate: houses, apartments, land
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Company stocks
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Cash: pesos, dollars, euros
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Precious metals: gold, silver
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Art and collectibles
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Bonds: loans to governments or companies that pay interest
Each has its own risks and benefits. Bitcoin is now part of this list as a global, digital, and borderless asset.
Why is it changing the way we move money?
Because Bitcoin eliminates intermediaries.
It’s like having a bank account on your phone that works 24/7, fully under your control, without country restrictions or banking hours.
For millions of people worldwide, this is the first time they can move money freely and protect their savings from inflation.
Recommended resource
Want a simple explanation? Check out this video:
What is Bitcoin?
What’s next?
Tomorrow, we’ll explore why Bitcoin has become so important in countries like Colombia and the United States, especially now that traditional money keeps losing purchasing power.
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