The One Book You Must Read Now
Plus, an upcoming NFT conference and some crypto news you might have missed...
There’s a weird paradox that comes with being an author.
Once you start writing books, it’s hard to find time to read them. Even if you’re a voracious reader, the rhythm of brainstorming, writing, and editing can make it hard to read for pleasure.
But in 2022, I decided to get back to my first love, and I’ve set out to read a number of books this year. One is The Bitcoin Standard, an economics tome that many call required reading for any Bitcoin investor.
It’s a great book.
I finished it last week, and while I would never call it light reading, I agree with the people who argue that it’s the best primer out there for understanding Bitcoin, and why it matters. Put this one on your list. Today.
The Bitcoin Standard does three basic things in the text. First, it outlines the history of money. Second, it explains the differences between sound money and unsound. Finally, the book answers questions about how Bitcoin works, and why it is valuable.
For me, the most important information came in the last two chapters, when author Saifedean Ammous outlined prominent questions about Bitcoin and addressed many of the major concerns people have about its usage.
“Government control of money has turned money from being the reward for producing value to the reward for obedience to government officials.”—The Bitcoin Standard
This is not light reading. This is the kind of book to sink your teeth into, and I found myself going over several passages several times as it helped me further understand why so many have placed hope in Bitcoin and the technology that goes with it.
“Money is more desirable when demonstrably scarce than when liable to being debased.”—The Bitcoin Standard
If you’re like me, your understanding economics is limited to whatever you’ve taught yourself along the way as you’ve fumbled through life. I took ECON101 in college from a professor so awful that I promptly blotted out anything he discussed once I closed the last page of the final exam. And while I’ve read countless money and investing books in the years since, they’ve all been framed towards ensuring I make good decisions with the confines of a world where government money (unsound money) rules all.
Not this book.
Do yourself a favor. Order a copy, crack it open, and dig through it. You’ll come away with a different perspective. In other words, you’ll have learned something.
Meanwhile…
After weeks of slump, Bitcoin jumped in price over the weekend, rising to above $40,000. Will it stay there?
Ted Cruz likes Bitcoin.
On Saturday, Snopp Dogg made a surprise appearance in the official Discord for Gala Games, a move that helped send that company’s native token, $GALA, up over 50% in price since last week. Full disclosure, I own a position in $GALA, and have discussed in the past why I am bullish on blockchain gaming.
Think you’re late on the crypto revolution? The New York Post says nope.
And, if you’re in Cincinnati at the end of the month, check out this NFT conference. Lots of awesome things being planned…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.