![bitcoins explained simply red](https://i.pinimg.com/originals/0d/06/cc/0d06cc1a757f15e217e7872ff0b57425.jpg)
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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)Bitcoin is a decentralized digital asset. It is a new type of asset that joins the ranks of traditional assets such as cash, gold, and real estate. Each Bitcoin is defined by a public address and a private key, which are long strings of numbers and letters that give each a specific identity. Bitcoin is a new kind of money that exists only on the Internet. You can't hold it in your hand like paper money or coins. Traditional money .