Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies Audible Audiobook – Unabridged

Nik Bhatia (Author), Guy Swann (Narrator), Nikhil Bhatia (Publisher)

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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. Listeners 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.

Nik Bhatia is a financial researcher, CFA charterholder, and adjunct professor of finance and business economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book titled Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in social sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. Nik lives in Los Angeles, CA, with his wife and young daughter.

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Listening Length

4 hours and 16 minutes
Author

Nik Bhatia
Narrator

Guy Swann
Audible release date

April 1, 2021
Language

English
Publisher

Nikhil Bhatia
ASIN

B091D3KR8G
Version

Unabridged
Program Type

Audiobook
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Product details

Listening Length	4 hours and 16 minutes
Author	Nik Bhatia
Narrator	Guy Swann
Whispersync for Voice	Ready
Audible.com Release Date	April 01, 2021
Publisher	Nikhil Bhatia
Program Type	Audiobook
Version	Unabridged
Language	English
ASIN	B091D3KR8G
Best Sellers Rank	#19,990 in Audible Books & Originals (See Top 100 in Audible Books & Originals) #33 in Digital Currencies #142 in Investing & Trading #248 in Personal Finance (Audible Books & Originals)

Customer reviews

4.7 out of 5

823 global ratings

5 star		78%
4 star		15%
3 star		5%
2 star		1%
1 star 0% (0%)		0%

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Top reviews from the United States

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PetrosE

Fascinating history of money

Reviewed in the United States 🇺🇸 on January 13, 2023

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The author did a great job explaining the history of money and the evolution of the current money system that we are still using today. Its a fascinating read!

Helpful

AnarchoCatholic

Simple but rich primer to the intricacies of money

Reviewed in the United States 🇺🇸 on September 18, 2022

Verified Purchase

Simple and straightforward with details and wonderful charts.

Helpful

Ed Cleaves

Clever Analysis of the Evolution of Money

Reviewed in the United States 🇺🇸 on November 30, 2021

Verified Purchase

This book built up a clear and concise, theoretical model of how the world’s monetary systems have evolved over time. This book is similar to “The Bitcoin Standard”, without over playing the politics of libertarianism. Instead, the book emphasised the fragile nature of our traditional monetary system, with its heavy reliance on creating money by issuing credit and liabilities. The tone of the explanation was objective and demonstrated the enormous complexity and counter-party risks that were inherent in the global monetary system, by the financial crisis of 2007 and 2008. The book was able to transition, smoothly and convincingly, to the logical benefits of using neutral monetary denominations, like Bitcoin, as a reserve currency - a first layer of a hierarchy of monetary layers.

2 people found this helpful

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J Buch

Solid Breakdown

Reviewed in the United States 🇺🇸 on January 20, 2022

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Provides a very solid breakdown of current, past, and potential future monetary constructs. Stays higher level so it helps if you already have an understanding of how money is created, issued, and utilized. Definitely worth reading.

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Tarheel 2006

A brilliant elaboration of financial markets' past and future

Reviewed in the United States 🇺🇸 on October 12, 2021

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This could be the best book to help you understand both bitcoin and financial market structures.
Focus on the concept of "layer" in the book, which will help you to understand how central banks and commercial banks to create "money", and how 1st layered money (i.e. gold) was deteriorated to government bonds (UK/US treasury), and MBS (in 2008), recently munis, AAA corporates, and even junk bonds. Then you will understand why the financial market will never go back to UST only. Thus, why Bitcoin is the new gold and how Bitcoin can be a part of the solution to the financial market reform.

Helpful

Ofer elrom

Excellent for non economy experts to understand economy structure

Reviewed in the United States 🇺🇸 on March 6, 2022

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An excellent read. It allowed me to understand the way money works in a simple coherent manner. Great in my opinion as a non economy versed person to help people like me understand a basic principle underlying our economy and how bitcoin relates to it.

One person found this helpful

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Andrew

Essential for Bitcoin beginners.

Reviewed in the United States 🇺🇸 on March 8, 2022

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This book is excellent in simply explaining the concept how Bitcoin will serve as a layer one solution to the world and combat currency debasement by central banks through relentless fiat printing. Separation of government and money is happening. 21 million bitcoin ever.

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Jim R

Amazing primer for those trying to understand the “why” if Bitcoin

Reviewed in the United States 🇺🇸 on November 25, 2021

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By the time I bought this book I was deeply into bitcoin. I somehow intuitively knew it was the answer to a looming monetary crisis. What Nik did in this book was explain in an easy to read story why my intuition was right. Understanding the layers of money makes it far easier to understand that Bitcoin is and will remain first layer money making it a great choice for a store of value.

Helpful

Top reviews from other countries

Anonymous Reviewer

An Excellent Introduction to the History of Modern Banking and Credit

Reviewed in the United Kingdom 🇬🇧 on March 19, 2021

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A very accessible book for those who may be curious about the history of money and credit and how the first banks and central banks formed, with a focus on how the current banking system might evolve as Bitcoin continues to grow in importance and adoption. A short, but great read for discovering new ideas to explore. If you're like me, you will probably come away wanting to read Wikipedia articles about the difference between various forms of the US Dollar over the years (US Notes in red, Federal Reserve Notes in green, etc).

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.

3 people found this helpful

BitcoinGranny

Essential reading for 2020 & beyond.

Reviewed in the United Kingdom 🇬🇧 on March 14, 2021

Verified Purchase

Nik Bhatia takes you through the history of money in compelling fashion. The book is so easy to read and infinitely informative especially in a time like now when the money supply is bogus and created out of thin air. Nik takes you into a golden age of hard money. He also explains how layered money systems work in the world we live in and where we inherited the tradition. This book is a must for anyone who lives now and uses money.

2 people found this helpful

Rowan McCarthy

Important primer on monetary systems past, present, and potential future

Reviewed in the United Kingdom 🇬🇧 on January 24, 2021

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Great overview of how Bitcoin may be the key to the puzzle of rearranging the monetary system in the coming decades. I really enjoyed the history of money, and feel the book would have benefited from a deeper dive with more detail on the events that formed the different layered systems, who the main players were and what their motives were. Overall though, great book and leaves you wanting more. A skill to span past to potential future. Let's hope any transition can happen smoothly!

One person found this helpful

Michael Doherty

Brilliant framework for thinking about money

Reviewed in the United Kingdom 🇬🇧 on July 28, 2021

Verified Purchase

I have worked in finance and banking for 25+ years and have never seen a clearer framework for thinking about money as exposed in Layered Money. The fact that bitcoin and other crypto-currencies fit neatly into this framework is just the cherry on the cake.

2 people found this helpful

William

Riveting. Brilliant.

Reviewed in the United Kingdom 🇬🇧 on March 14, 2021

Verified Purchase

Brilliant introduction into monetary systems, their history, and how Bitcoin will become the choice reserve of the future global monetary system as well as universally trusted currency.

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Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies Audible Audiobook – Unabridged

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