Kategorien entdecken

In der App öffnen In der App öffnen In der App öffnen
Das sind die Blinks zu

Cryptoassets

The Innovative Investor’s Guide to Bitcoin and Beyond

Von Chris Burniske and Jack Tatar
16 Minuten
Audio-Version verfügbar
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond von Chris Burniske and Jack Tatar

Cryptoassets (2017) is both a brief history of Bitcoin and a detailed guide to investing in cryptoassets. It explains how blockchain technology came into existence and will help potential investors get their bearings in the world of cryptoassets.

  • Innovative investors
  • Students of information technology
  • People interested in the world of finance

Jack Tatar is the author of What’s the Deal with Bitcoins, one of the earliest books on the subject. He is an angel investor in cryptoasset startups and has worked in the financial-services industry for more than two decades.

Chris Burniske is a cofounder of Placeholder, a New York-based firm specializing in cryptoassets. He was instrumental in making Wall Street recognize cryptoassets as a new asset class.

Kennst du schon Blinkist Premium?

Mit Blinkist Premium erhältst du Zugang zu dem Wichtigsten aus mehr als 3.000 Sachbuch-Bestsellern. Das Probeabo ist 100% kostenlos.

Premium kostenlos testen

Was ist Blinkist?

Blinkist ist eine App, die die großen Ideen der besten Sachbücher in einprägsame Kurztexte verpackt und erklärt. Die Inhalte der über 3.000 Titel starken Bibliothek reichen von Sachbuch-Klassikern, über populäre Ratgeber bis hin zu diskutierten Neuerscheinungen. Basierend auf wissenschaftlichen Erkenntnissen wird jeder Titel von speziell geschulten Autoren aufbereitet und dem Nutzer als Kurztext und Audiotitel zur Verfügung gestellt.

Discover
3.000+ top
nonfiction titles

Get unlimited access to the most important ideas in business, investing, marketing, psychology, politics, and more. Stay ahead of the curve with recommended reading lists curated by experts.

Entdecke die Kernaussagen zu diesem Titel:

Cryptoassets

The Innovative Investor’s Guide to Bitcoin and Beyond

Von Chris Burniske and Jack Tatar
  • Lesedauer: 16 Minuten
  • Verfügbar in Text & Audio
  • 10 Kernaussagen
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond von Chris Burniske and Jack Tatar
Worum geht's

Cryptoassets (2017) is both a brief history of Bitcoin and a detailed guide to investing in cryptoassets. It explains how blockchain technology came into existence and will help potential investors get their bearings in the world of cryptoassets.

Kernaussage 1 von 10

“Cryptoasset” is an umbrella term for a new asset class that consists of software and a currency.

Unless you’ve been living in a cave on an abandoned island, you’ve probably heard about Bitcoin by now. In the last few years, it’s been all over the news, as have a handful of other cryptoassets – an unprecedented digital asset class that presents some thrilling new opportunities, both for experienced and amateur investors.

Here’s a narrower definition of a cryptoasset: a commodity consisting of software and an accompanying currency.

OK, but what exactly determines a cryptoasset’s value?

Well, the value of cryptoassets – just like the value of other commodities such as gold or oil – depends partly on market supply and demand. Unlike gold and oil, however, cryptoassets are intangible, and so it’s the value of the software (not of a physical resource) that goes up and down in tandem with the peaks and valleys of the market.

Let’s take a look at Bitcoin to get a better idea of how this works.

Bitcoin, like all cryptoassets, consists of software and an associated currency, “bitcoin” – and therefore, unlike other, non-cryptoassets, it doesn’t fall into a single asset class.

Let’s contrast this with oil, which is classed as a consumable/transformable asset (or c/t asset) – an asset usually bought so that something else can be made from it. Well, the software component of Bitcoin works similarly as it can be used for a number of different purposes.

Bitcoin, the currency, however, is similar to another asset; gold, which is classed as a store-of-value asset. Since gold is rare, beautiful and useful, people worldwide have agreed on its value. Cryptoassets function somewhat similarly – like gold, and unlike government-issued money, there is a finite amount of each cryptoasset’s currency.

So plenty of people buy bitcoin without intention of trading it. Rather, they leave it alone and let it appreciate value over time, as one might do with gold or any other precious metal.

Hence, the cryptocurrencies that succeed will be the ones that are both useful and work as a store of value.

As mentioned at the beginning of the blink, cryptoassets are an asset class unto themselves, but the fact that they fit into multiple preexisting classes only makes them both that much more enticing – not to mention valuable – to today’s investors.

Inhalt

Bringe mehr Wissen in deinen Alltag!

Sichere dir jetzt Zugang zu den Kernaussagen der besten Sachbücher – praktisch in Text & Audio in nur 15 Minuten pro Titel.
Created with Sketch.