From Origin to Investment Methods: Books That Simplify the World of Bitcoin and Cryptocurrency
“Learning the principles of cryptocurrency and how it works is like learning a new language; it is very difficult at first, but once you start to acquire it, it sticks in your mind forever.”
(Ulwal Daniel, Crypto Investor) (1)
In 2013, the number of cryptocurrencies in the world did not exceed the fingers of two hands, and with the advent of 2021, according to the statistical website “Statista”, the number of cryptocurrencies mined around the world reached about 6 thousand. The reason for this huge number of cryptocurrencies is that it is easy to issue new coins all the time, yet only 20 of that many coins make up 90% of the value of the cryptocurrency market. (2)
With the new reality imposed by digital currencies, especially Bitcoin, which touched the ceiling of fifty thousand dollars by the end of 2021, there is a real need to understand these currencies and how they originated, why they are growing so rapidly, and why analysts and economists consider them the cornerstone of the new financial system that you will witness mankind in not so far from now. All these questions are answered by a number of specialized books issued in recent years, and we will review some of them in this report. (3, 4)
Bitcoin Standard..start here
It can be said that your acquaintance with the world of Bitcoin and its economics inevitably begins with this famous book that was first published in 2018 entitled “The Bitcoin Standard: The Decentralized Alternative to Central Banking System”. The book was written by the American professor of Arab descent, Seif El-Din Ammous, who is considered one of the prominent economists, as he works as a university professor specializing in economics at the Lebanese American University, and he holds a doctorate in sustainable development from Columbia University, and a master’s in development management from the London School of Economics.
The book, written by the veteran economist “Naseem Talib”, and published in English and translated into 20 global languages, including Arabic, and ranked first in the Amazon list of the best books specialized in digital currencies, came to treat with a quiet and smooth gradation the backgrounds of the emergence of digital currencies away from complexity, and fits perfectly Ordinary reader.
The book consists of ten chapters. In the first three chapters, the writer tells the story of money, starting with the concept of money itself and its historical development, passing through the minting of currencies and the concept of the gold cover, then paper currencies, ending with the developments of our time. Starting from the fourth chapter to the seventh chapter, Ammous talks about the role of governments in the process of minting money, and the concepts of saving and investment, and refers to some of the basics in the concept of capitalism and the preservation of the value of money, and also reviews the advantages and disadvantages of the traditional monetary system.
As for the eighth chapter of the book, it is the chapter in which the author begins to address directly what he called “digital cash”, taking Bitcoin as a central example among other digital currencies. In the rest of the chapters, he answers the most important questions: Why is Bitcoin a store of value? And why will digital currencies continue and thrive as long as the Internet exists? Then the entire tenth chapter is devoted to answering the tough questions that might be on anyone’s mind: Is Bitcoin a scam? Is it the currency of criminals? Finally, is Bitcoin mining really a waste of energy?
Professional Bitcoin.. Diving into the details
The book “Mastering Bitcoin” was first published in 2014, by the professional entrepreneur in the field of digital currencies, Andreas Antonopoulos, who co-founded 3 startups related to the world of Bitcoin and cryptocurrencies. This particular book, among the many books on this list, is arguably the most professional and in-depth book on Bitcoin details, and many book review sites rank it as a book for people with medium to broad knowledge in this field, and not suitable for beginners.
The book delves into the technical aspects of Bitcoin away from theorizing, and explains the terms and concepts in detail that makes it more understandable for the reader who has a good previous background about Bitcoin, which makes it a must-read book for developers and programmers interested in the field of digital currencies, and also for investors who want to know this world wide before you start investing in it.
One of the important advantages of the book “Bitcoin Professionalism” is also that it contains graduated graphs from simple to complex, not to mention it enters into the smallest details of conducting transactions via Bitcoin, how to use its wallets, participating in trading platforms, and other things that combine the technical and investment natures together. Another version of the book was issued in 2017, which contains some modifications and additions with the increasing development of blockchain technology, and its author is currently working as a main speaker and advisor to many startups in the field of bitcoin mining and investment.
Satoshi’s book: What goes on in the mind of the inventor of Bitcoin?
The name “Satoshi Nakamoto” is the most famous name in the cryptocurrency world, and is considered the godfather of this field. In 2008, the first e-mail message was sent to an encrypted mailing list, by a computer programmer with the name “Satoshi Nakamoto”, to announce that he had developed a new electronic cash system that was fully functional without the need for a trusted third party, and put the document explaining the design of this Order and upload it to the Internet. This was the moment for cryptocurrencies in general and Bitcoin in particular.
Surprisingly, there is – until today – a real person with this Japanese name, and no one knows what it is exactly, and whether it was one person or a group of people who agreed on this nickname. In 2010, “Satoshi Nakamoto” completely disappeared and no longer appeared, although it is believed that this person who started the Bitcoin revolution owns nearly two million of them today, which is equivalent to a huge fortune in terms of the price of the Bitcoin unit today, which touches fifty thousand dollars at the moment of writing these lines.
“The Book of Satoshi” by Phil Champagne, issued in 2014, and it tells, in an easy and novel language in most of its chapters, the story of the origin and development of the Bitcoin currency, and focuses on deconstructing the concept of the blockchain, and how the digital currency has transformed within years into an imposing reality Same on world markets. When this book was released, the value of Bitcoin was on the verge of a thousand dollars, and the writer’s vision was true in his predictions – in which many shared him – for a significant rise in the value of the currency in subsequent years, which was what was.
Of course, the writer did not reveal the identity of “Satoshi Nakamoto” in the book, although he touched on the story of his appearance and the possibilities of his character in several chapters, but he did not stop there and continued to cover technical topics regarding Bitcoin in an easy-to-understand manner for the average reader. The book takes the mysterious character of Satoshi as an interesting entry, through which he tells the story of Bitcoin and cryptocurrencies and the level of their rise since their appearance in 2008 until the moment of the book’s release.
Digital Gold.. Bitcoin Stories
“Bitcoin may be a product of computer science, but it is a completely human story. This interesting history reminds us once again that truth can be stranger than fiction.”
(Lawrence Summers, former US Treasury Secretary, commenting on “Digital Gold”)
Digital Gold can be considered a “lightweight” book, written in a narrative journalistic language well understood by the average reader, and the reason is that it was written by Nathaniel Popper, the New York Times journalist and reporter responsible for covering and editing financial and technical news. . The book was published in 2015, and focuses on the anecdotal aspects of the bitcoin currency, which at the time exceeded the ten thousand dollar barrier.
The book highlights some of the famous figures in the field of cryptocurrency, who were called the early Bitcoin billionaires, led by the twins Cameron and Tyler, known in the media as the “Winklevoss twins”. The book also sheds light on the mysterious character of Satoshi Nakamoto, and tells the story of the beginning of Bitcoin and its development until the moment the currency was issued. You can consider this book, then, as a collection of stories focused on the most prominent figures in the world of Bitcoin, both those who contributed to the development of the currency, and the most prominent investors in it.
The era of cryptocurrencies..a journey into the challenges of the new economy
In 2015, The Age of Cryptocurrency was published by Paul Wigna and Michael Casey, reporters for the Wall Street Journal. The book attempts to explain how the world of the near future will work in light of digital currencies, and how it will be completely different from our world today, which is governed by a financial system that depends on banks, cash, gold, bank transfers and credit cards.
The book presents an interesting premise, as it presents the story of a woman living in Afghanistan who does not have any bank accounts, yet – in the age of cryptocurrencies – she can easily access her digital currencies without the need for complex systems. The book proceeds in its chapters based on this hypothesis, explaining the difference between digital currencies and traditional currencies, and why digital currencies of all kinds are considered a change in all the rules of the economic game recognized throughout the ages.
In the details of the book, the authors highlight the details of blockchain technology and how to mine cryptocurrencies, albeit in an uncomplicated form to suit the average reader. The book has won many positive critical reviews in a number of international newspapers such as “Fortune” and “The New York Times”, and has become a permanent feature in the nominating lists of books specialized in cryptocurrency.
Crypto assets.. A look through the eyes of the investor
This book focuses on the “investment aspects” of cryptocurrencies, away from the complex technical details. Cryptoassets is a book by Chris Burnsky, co-founder of a venture capital fund specializing in cryptocurrency investments, with Jack Tatar, a financial expert. The rest of the book’s subtitle probably sums up its core idea: An Innovative Investor’s Guide to Investing in Bitcoin and Cryptocurrencies.
The book was first published in 2017, and provides a step-by-step guide on how to invest in cryptocurrencies, how to evaluate cryptocurrencies during and after investing, with plenty of advice on buying and selling cryptocurrencies on digital platforms. Although it contains some basic information about digital currencies from a technical and technical point of view, the book presents it as a matter of knowledge, and then jumps to highlight the investment opportunities for these currencies and how to speculate on them.
In the end, the world of cryptocurrency is one of the most modern and dynamic fields today, so many of the books in this list have issued several new editions with more updates in an attempt to catch up with the rapid development that this space witnesses daily. Treat this list as an entry point for the field, not the end of the road, because stopping to follow specialized versions for so long means returning to zero again.