Today, Bitcoin reached an all-time high of over $113,000 per coin.

It was created in 2009 as the first major cryptocurrency, a digital form of money, traded

on a secure, open database called a blockchain. Since Bitcoin launched, many

thousands, some say over a million other cryptocurrencies and crypto assets have been created.

Whether you own any crypto or not, it's steadily gaining popularity and is an asset class everyone should understand.

This podcast will review seven main crypto types and their purposes.

You may be surprised by their diversity and the various benefits they give crypto owners.

Welcome back, everyone. It's episode 930 of Money Girl. I really appreciate you spending some time with me.

I'm Laura Adams, an award-winning author, a spokesperson, money speaker, and founder of The Money Stack. That's my substack newsletter.

I've been bringing you personal finance tips and advice weekly on this podcast since 2008.

You can learn more, ask questions,

and sign up for the money stack at laura d adams.com. And my newsletter subscribers automatically receive my money success toolkit with the exact templates I use to manage money. I hope you'll check it out.

All right, so let's talk about seven types

of cryptocurrencies. We'll cover what you should know about seven main types. These aren't the

only types, but I do think they're probably the major categories that we would want to cover.

Number one is Bitcoin. Bitcoin will always be in a class of its own in the digital world.

As I mentioned, it was created first, and it's fundamentally different from any other digital

asset. One reason it's different is because it was made to have a limited supply.

The anonymous founder or founders of Bitcoin, known only by the pseudonym

Satoshi Nakamoto, built the code so there will only ever be 21 million Bitcoins. The currency

is a peer-to-peer electronic cash system that exists on the most secure and decentralized blockchain.

While you can spend Bitcoin in some stores and online retailers, many people think about it

...