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

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McGraw Hill Professional, May 18, 2021 - Business & Economics - 368 pages
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.

A financial revolution is materializing before our eyes. The way individuals, organizations, and governments conduct transactions—from purchasing a book online to acquiring major corporations to delivering billions in financial aid—will look vastly different in the near future. Bitcoin is spearheading this revolution and may be the best investment opportunity of our time, yet most people have yet to understand its promise.

In this book, Bobby C. 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. He 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 investing in this digital currency, the value of which will only continue to grow. He discusses the pros and cons, and covers the complicated yet more profitable method of acquiring bitcoin, mining. He offers predictions for the future, including price, trajectory, use, and participation in the larger economy—as well as developments in regulation, technology, business, and society.

Invest in the promise of Bitcoin today.

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Contents

SATOSHIS GENIUS
1
MINING WALLETS AND EXCHANGES
25
3 DARK UNDERBELLY OF THE FIAT BEAST
45
Copyright

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About the author (2021)

Bobby C. Lee is the founder and CEO of Ballet, a startup that provides user-friendly physical wallets for storing cryptocurrency. His first startup was BTCChina, China’s first bitcoin exchange. He exited the business after its successful acquisition in January 2018. Lee serves on the board of the Bitcoin Foundation, a nonprofit organization that builds awareness of Bitcoin. Before founding BTCChina, Lee was vice president of technology at Walmart. He started his tech career in Silicon Valley as a software engineer at Yahoo!, where he led the development of the earliest online communities. He has been interviewed as a digital currency expert by the BBC, Bloomberg, Business Insider, CNBC, CoinDesk, The Economist, Financial Times, Forbes, New York Times, Reuters, Wall Street Journal, and Washington Post.

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