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It is a digital currency. Nobody really knows who made it but it is often attributed to a character named Satoshi Nakamoto. Digital currency is something that you cannot touch but you can use it to transact and make a payment online. It has no tangible representation but you can always see it represented by a gold coin with the letter B stamped on it.
The reason it is precious is that it has a limited amount. There will come a time when it will reach its maximum number in circulation and its value may or may not skyrocket when it does.
As of this time, this crypto-currency is at the forefront of crypto-currencies and is the primary choice of merchants who accept crypto-currency as a payment online.