Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or .. We just send money from our Bitcoin app directly to those paper wallets, and keep it safe that way." Cameron and Tyler Winklevoss, the founders of. Bitcoin is a form of digital “currency”. It is created and held electronically on a computer. Bitcoins are not paper money like dollars, euro or yen by central banks . Feb 20, Tesla CEO Elon Musk said that Bitcoin is “a far better way to transfer value than pieces of paper,” during an interview on the advisory services.