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Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies Paperback – January 18, 2021
Nik Bhatia (Author) Find all the books, read about the author, and more. See search results for this author |
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In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a "layered" manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia's analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of "layered money" illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Readers will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.
- Print length180 pages
- LanguageEnglish
- PublisherNikhil Bhatia
- Publication dateJanuary 18, 2021
- Dimensions5.5 x 0.41 x 8.5 inches
- ISBN-101736110527
- ISBN-13978-1736110522
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Product details
- Publisher : Nikhil Bhatia (January 18, 2021)
- Language : English
- Paperback : 180 pages
- ISBN-10 : 1736110527
- ISBN-13 : 978-1736110522
- Item Weight : 8.3 ounces
- Dimensions : 5.5 x 0.41 x 8.5 inches
- Best Sellers Rank: #55,688 in Books (See Top 100 in Books)
- #53 in Money & Monetary Policy (Books)
- #58 in Digital Currencies
- #1,258 in Personal Finance (Books)
- Customer Reviews:
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Be a first layer holder. Own your own keys. ✌️
Despite the fact that I had a good understanding of many concepts in this book already, I benefitted greatly from it due to two main reasons. First, the account of monetary history and how it evolved. Second, the use of layered pyramid functions as a single thread that binds all the things together.
I highly recommend reading this book.
Any way, great read. I read it 2x.
Top reviews from other countries

Definitely recommend for those wanting to explore Bitcoin and the history of banking, but this may disappoint those looking to take a deep (long) dive into the history or want a deeply academic dissection. I suspect Nik may write a second, larger book to follow up and I look forward to it.




Reviewed in the United Kingdom on March 14, 2021



