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The Promise of Bitcoin: The Future of Money and How It Can Work for You

1st Edition
1260468674 · 9781260468670
From the cofounder of the longest-running bitcoin exchange comes a compelling argument for how this digital currency will transform the global economy—and how it can work for you.Bitcoin may be the best investment opportunity of our time, yet most … Read More
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Introduction: My Journey into Bitcoin

1 BIRTH OF BITCOIN: SATOSHI’S GENIUS

2 THE THREE HORSEMEN: MINING, WALLETS,

AND EXCHANGES

3 DARK UNDERBELLY OF THE FIAT BEAST

4 WHY REGULATORS ARE SLOWING ADOPTION

BUT SHOULDN’T

5 LET’S GET PHILOSOPHICAL: MONEY IS A

NATURAL RIGHT

6 AN EVOLVING INDUSTRY

7 MAY I SUGGEST YOU IGNORE THE

TURBULENCE

8 BITCOIN IS LESS VULNERABLE THAN

YOU THINK

9 FIVE OTHER MAJOR FEARS DECONSTRUCTED:

FDIC, LOSS, REGULATION, MINING,
AND GOVERNMENT

10 A BETTER WAY OF DOING BUSINESS

11 HOW TO INVEST: BITCOIN’S WORLD OF

GREAT RESOURCES

12 BITCOIN IS ONLY GOING UP

13 FIFTEEN PREDICTIONS FOR THE WORLD

OF CRYPTOCURRENCY

Acknowledgments

Notes

Index


From the cofounder of the longest-running bitcoin exchange comes a compelling argument for how this digital currency will transform the global economy—and how it can work for you.

Bitcoin may be the best investment opportunity of our time, yet most people have yet to understand its promise. In this book, Bobby Lee, one of the earliest, most successful pioneers in the cryptocurrency space, debunks myths and dispels fears that surround bitcoin, arguing that this rational, logical system is superior to traditional monetary systems. Lee cites signs of bitcoin’s widening acceptance: a growing community of users worldwide and multiple initiatives for investing in and holding bitcoin among major financial services organizations and institutional investors who control trillions in assets. 

Lee offers a primer on the best strategies for purchasing and investing in this digital currency. He discusses the pros and cons, and covers the more complicated method of acquiring bitcoin, mining. He predicts developments in regulation, technology, business, and society that will lead to bitcoin’s price increasing 500 percent over the next two decades. In the wake of the current economic crisis, Lee calls on consumers to embrace a technology that will not only increase their wealth but make their lives easier.