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Bitcoin Explained \u0026 Made Easy by Michael SaylorBitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator. Bitcoins are, in a way, comparable to gold rather than to traditional currency because of the way they are created or 'mined' in the digital aether. Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group.