Layered Money
From Gold and Dollars to Bitcoin and Central Bank Digital Currencies.
Nik Bhatia
@timeaboristic
Nik is an adjunct professor at USC Marshall School of Business, where he teaches separate courses on fixed income and bitcoin. He is author of the #1 bestseller Layered Money. Previously, Nik worked at a large institutional asset manager trading US Treasuries and is both a CFA and CMT charterholder.
About Layered Money
Layered Money provides a groundbreaking framework for understanding the evolution of money and the financial system. Nik Bhatia introduces the concept of monetary layers — a hierarchical structure that explains how money has always operated in tiers, from base-layer gold to second-layer banknotes to today's complex web of digital credits. The book traces the history of money from Renaissance Florence through the creation of the Federal Reserve and the abandonment of the gold standard, ultimately arriving at Bitcoin and Central Bank Digital Currencies. Bhatia argues that understanding these layers is essential for grasping how Bitcoin fits into the broader monetary landscape and why its emergence was inevitable.
In Layered Money, Nik explores:
Origins of Money
Bhatia's analysis begins in Renaissance Florence with the gold Florin 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.
Evolution of Digital Currencies
How Bitcoin has already achieved legitimacy as a global reserve currency and will continue to drive corporations like MicroStrategy into a state of balance sheet denomination duality in which entities hold cash denominated in both USD and BTC.
Mechanics of our Financial System
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.
Monetary and Cryptography Sciences
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.
Available in 11 Languages
Global versions
El oro al Bitcoin (Spanish)La monnaie pyramide (French)Layered Money (German)层状金字塔 (Simplified Chinese)레이어드 머니 통의 진화와(Korean)Gelaagd Geld (Dutch)Kerrostunut Raha (Finnish)Dinheiro em camadas (Portuguese)Imali Ngokwezigaba (Zulu) FREE eBookالمال الطبقي (Arabic) FREE eBookUkuhlanganiswa Kwe-Mali (Shona) FREE eBook