Bitcoin: A Revolutionary Investment
Bitcoin has been the worlds best-performing asset since its development in 2009. Emerging as a mysterious new asset class created by an anonymous figure, Bitcoin and cryptocurrencies represent some of our greatest creative and technological achievements.
Bitcoin: A Revolutionary Investment' explains how Bitcoin is intelligently designed money, and after examining the historical context of money aims to help readers develop an understanding of the role of this revolutionary asset in investment portfolios.
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Intro to
Bitcoin: A Revolutionary Investment
13 Chapters
110 Pages
On October 31st, 2008 a nine-page whitepaper named 'Bitcoin: A Peer-to-Peer Electronic Cash System' was released by Satoshi Nakamoto, a pseudonym for the individual(s) who developed and wrote it.
With the paper demonstrating a radical originality in the use of technology to create social institutions, the world's first intelligently designed money was born. The simplicity of the paper also belies a depth of philosophical belief and ideological conviction traced back to a now mythical group of technologists self-identified as the 'cypherpunks'.
Representing diverse views but not unreasonably characterized as crypto-anarchists, the 'cypherpunks' promoted a philosophy for the rights of the individual, especially in the context of institutional abuse of the rights of the individual; using cryptography as a means to do so.
These ideas are inextricable from Bitcoin, now a sought after asset for institutional portfolios and valued at over $500 billion USD late 2020 - making it one of the world's largest public institutions. With exceptional investment characteristics such as uniquely low correlation to other asset price movements, Bitcoin fits into the global investment universe as an ideal investment in traditional portfolio theory.
Also developed as a fundamental critique of moral hazard in the centrally controlled global financial system (during the Global Financial Crisis), Bitcoin is a unique asset for its ability to act as a systematic hedge for the more recent excesses of the global financial system. These excesses include $500 billion USD of extraneous liquidity being required in 'normal' market conditions during December 2019 and in the year 2020 an outrageous monetary policy response to the Coronavirus that, along with zero interest rates, condemns the US dollar to lose its most fundamental feature - trust - as the cornerstone of global finance and commerce.
In these environmental conditions, Bitcoin is a Trojan Horse that presents as Western materialist society's most valued form of power - money - but hides an inherent, fundamental and devastating critique towards the worlds centralised power hierarchies.
