Cryptoassets Book Summary - Cryptoassets Book explained in key points
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Cryptoassets summary

Chris Burniske Jack Tatar

The Innovative Investor’s Guide to Bitcoin and Beyond

4.4 (549 ratings)
24 mins

Brief summary

Cryptoassets by Chris Burniske and Jack Tatar explores the world of cryptocurrencies and blockchain technology. It provides insights on how to evaluate the potential of various cryptoassets and how to invest in them wisely.

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    “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.

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    What is Cryptoassets about?

    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.

    Cryptoassets Review

    Cryptoassets (2017) delves into the world of cryptocurrencies and blockchain technology with a focus on investment strategies. Here's why this book is definitely worth reading:

    • It provides a comprehensive overview of the emergence and potential of cryptoassets, making it an essential read for anyone interested in the future of finance.
    • With its practical insights and analysis of different types of cryptoassets, it guides readers on how to navigate this complex and rapidly evolving market.
    • The book's emphasis on risk management and portfolio construction ensures that readers gain a deep understanding of how to approach investing in cryptoassets responsibly.

    Best quote from Cryptoassets

    Blockchain technology is one of the most important innovations in the history of finance. – Brian Kelly

    —Chris Burniske and Jack Tatar
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    Who should read Cryptoassets?

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

    About the Author

    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.

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    Cryptoassets FAQs 

    What is the main message of Cryptoassets?

    Discover how blockchain technology and cryptocurrencies are transforming the world of finance.

    How long does it take to read Cryptoassets?

    Read Cryptoassets in a few hours. The Blinkist summary takes just 15 minutes.

    Is Cryptoassets a good book? Is it worth reading?

    Cryptoassets is a must-read for understanding the potential of cryptocurrencies and blockchain technology.

    Who is the author of Cryptoassets?

    Chris Burniske and Jack Tatar are the authors of Cryptoassets.

    What to read after Cryptoassets?

    If you're wondering what to read next after Cryptoassets, here are some recommendations we suggest:
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    • Tokens by Rachel O'Dwyer
    • Ethereum by Henning Diedrich
    • Read Write Own by Chris Dixon
    • The Algebra of Wealth by Scott Galloway
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    • Easy Money by Ben McKenzie with Jacob Silverman