# Bitcoin

/ˈbɪtkɔɪn/ (US) · CEFR B2 · Noun

Source: https://englishreference.com/word/bitcoin
Updated: 2026-08-15

## Definition

a digital currency that exists only on the internet. It allows people to send money directly to each other without using a bank.

For teachers: a decentralised digital currency that operates on a peer-to-peer network without the need for a central authority or intermediary.

## Examples

- He bought some bitcoin to save for the future.
- Many investors view bitcoin as a digital alternative to gold because of its limited supply.
- The volatility of bitcoin has sparked intense debate among economists regarding its viability as a stable store of value in the global financial system.

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