I guess its not. As you mentioned about PayPal or any forms of digital money out there, it carries no label like nerd money even though an illiterate person is using it by means of basic knowledge of handling internet (Logging in and out of account, transferring money etc.).

Guess what, there is an UPI system which is now widely used by every smartphone holder in India whether they have IT skills or not. Plus it is too far fetched and associated with IT skills, because all you need to know is how to press few buttons to transfer and receive the digital form of money.

I guess that way calling bitcoin as nerd money is also off the book definition. Its just another way of digital money platform for "Common man". The background stuff is associated with IT's and nerds who make it work smoothly, the same way they do it for PayPal, visa, or numerous other platforms.