“The Bitcoin Standard” by Saifedean Ammous is a groundbreaking and intellectually stimulating book that dives deep into the world of money and the transformative potential of Bitcoin. With scholarly rigor and insightful analysis, Ammous presents a compelling case for Bitcoin’s emergence as a revolutionary alternative to traditional fiat currencies.
“The Bitcoin Standard” is an illuminating journey into the history of money, from the origins of barter systems to the rise of fiat currencies and central banking. Saifedean Ammous, a prominent economist and advocate of Bitcoin, skillfully weaves together historical anecdotes and economic principles to explore the importance of sound money in society.
The book argues that Bitcoin, a decentralized and deflationary digital currency, embodies the characteristics of a superior form of money. Ammous contends that by adhering to the principles of scarcity, divisibility, portability, durability, and recognizability, Bitcoin presents a viable solution to the pitfalls of inflationary fiat money.