$2$ raised to the cardinality of the natural numbers, means all functions from the natural numbers to a set of two members (lets say $\{0,1\}$) which practically means all sequences composed of $0$'s and $1$'s. Think of every number in its binary representation. If the number is rational, the sequence will just have an infinite number of zeros from a certain point (we'll avoid representations of numbers similar to $0.999\ldots$ in decimal base). If the number is irrational, it will be any (non constant from a certain point) infinite sequence of zeros and ones. So, any real number can be represented as an infinite sequence of zeros and ones, and that's exactly what the above equality of cardinals asserts.