How would you explain bitcoin and crypto to a teenager who is just new to the world of finance?

[King Belieal]

It took some of us years to have a grasp of what the crypto market was all about. Imagine a teenager that just getting into the world of finance asks you to explain the whole crypto and bitcoin thing to him or her?

Where would you start from? How would you explain it to her?

 

[Suba]

Of course, we'll only explain the basics of Bitcoin and crypto, such as that Bitcoin is a form of digital money, stored in a crypto wallet, and can be bought and sold on crypto exchanges.

 

[Augusta]

Crypto is virtual money that exists only on the internet. It's not controlled by any government or bank, and people can send and receive it directly to each other without needing a middleman,