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Layered Money

From Gold and Dollars to Bitcoinย 

and Central Bank Digital Currencies

Nik Bhatia


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.

In Layered Money, Nik explores:

Origins of Money

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.

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.

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