Author Andy Watson
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The infographic below – created by guys from WhoIsHostingThis.com – takes a look at Bitcoin from the most basic angle, so that even your grandparents can understand the digital currency.
If Bitcoin can give headaches to teenages and entrepreneurs trying to understand the basics of the virtual currency, so how can we explain the basics of the digital money to our grandparents?
However, it’s no longer an impossible thing – thanks to the infographic below, created by our friends from WhoIsHostingThis website.
“What is surprising, however, is the breakdown of Bitcoin familiarity among different age groups,” according to the company’s blog.
“While older folks might seem unlikely to care about such cutting-edge financial wizardry, the same survey that underscored Bitcoin’s low profile with the general public also revealed a surprising stat: respondents who fell into the 50-to-64-year-old demographic were the most familiar (at 30%) with Bitcoin, outdistancing younger generations by 10%.”
Take a look at it and then shock your grandparents by giving them the knowledge they need to keep up with dinner time talk about Bitcoin.
![How to Explain Bitcoin to Your Grandparents [Infographic]](https://www.coinspeaker.com/wp-content/uploads/2014/03/how-to-explain-bitcoin-to-your-grandparents-infographic-full.png)
