Is bitcoin a “cryptocurrency”?

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Is bitcoin a “cryptocurrency”?

This term is thrown around a lot, and it’s come to mean any token on a distributed ledger.

But when you break the word down, I understand it as a cryptographic currency. In other words, the token itself being secret, via cryptography.

But this is not the case. Cryptography is extremely important in bitcoin, but transactions are not encrypted. They’re completely public, that’s kind of the point.

This is just a semantic question, it means little.

Who invented the term “cryptocurrency”? Why was it applied to bitcoin?