# Virtual Currency Infographics This Chart Shows How to Explain Bitcoin to Your Grandparents By Allen Taylor | Published 2014-03-19 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/how-to-explain-bitcoin References: [tiputopia](http://www.tiputopia.com/bitcoin-beginners-infographic/) & [whoishostingthis](http://www.whoishostingthis.com/) This infographic titled 'How to explain [Bitcoin](https://www.trendhunter.com/trends/gold-bar-whiskey-bitcoin-reserve) to your Grandparents' is just that -- a guide to explaining Bitcoin to anyone. What is Bitcoin you might ask? It's a currency just like a dollar, euro or yen. The difference is that Bitcoin is a decentralized, [digital money](https://www.trendhunter.com/trends/buying-memecoins) that is created and spent electronically. Unlike conventional money, Bitcoin isn't backed by the economy of its issuing country, instead it is backed by products, services and a sound consensus of users. One benefit of Bitcoin is that it's much safer than credit card transactions. Bitcoins transactions don't involve personal data as credit cards do. [Bitcoin transactions](https://www.trendhunter.com/trends/pay-with-crypto) are cheap too; the average miners' fee is typically under 1 US cent; much cheaper than major credit cards. The [infographic](http://www.tiputopia.com/wp-content/uploads/2014/03/bitcoin.png) goes much more into detail; read up and be at the head of the next conversation pertaining to Bitcoin. ## Trend Insights (Trend Hunter) - Score: 5.8/10 - Popularity: 70% | Activity: 95% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) ## Key Themes ### Key Themes Behind This Trend - **Decentralized Digital Currency:** The trend of decentralized digital currencies like Bitcoin presents disruptive opportunities for the finance industry to create more secure and cost-effective financial systems. - **Secure and Private Transactions:** The trend of using cryptocurrencies like Bitcoin for transactions offers disruptive opportunities for industries such as e-commerce and fintech to provide safer and more private transaction options. - **Educational Infographics:** The trend of creating educational infographics, like the one explaining Bitcoin, provides an opportunity for the marketing and design industries to create engaging and informative content. ### Where This Applies - **Finance:** The finance industry can leverage the disruptive innovation of decentralized digital currencies like Bitcoin to develop new financial products and services. - **E-commerce:** The e-commerce industry has the opportunity to embrace the trend of secure and private transactions through the integration of cryptocurrencies like Bitcoin, offering customers safer and more private payment options. - **Marketing and Design:** The marketing and design industries can take advantage of the trend of educational infographics to create visually appealing and informative content that engages and educates consumers. ## Related on Trend Hunter - [Alcohol-Free Crypto Beers](https://www.trendhunter.com/trends/bitcoin-beer.md) - [Crypto-Gifting Payment Apps](https://www.trendhunter.com/trends/cryptogifting-payment-app.md) - [Bitcoin-Compatible Pixel Characters](https://www.trendhunter.com/trends/pixel-characters.md) - [Digital Currency Piggy Banks](https://www.trendhunter.com/trends/smart-piggy-bank-concept.md) - [Unbreakable Metallic Cryptocurrency Cards](https://www.trendhunter.com/trends/material-bitcoin-card.md) - [Visual Payment Apps](https://www.trendhunter.com/trends/vizme.md) - [Bitcoin Price Mini-App Games](https://www.trendhunter.com/trends/miniapp-game.md) - [Low-Cost Crypto Exchange Tools](https://www.trendhunter.com/trends/coinzoom-cash.md) - [Cryptocurrency-Focused Financial Ecosystems](https://www.trendhunter.com/trends/fuji-card.md)