Additional information
by Anthony Scaramucci (Author), Michael Saylor (Foreword by)
Expert financial guide to understand the technology, potential, and disruptive effects of crypto
In The Little Book of Bitcoin, founder and co-managing partner of SkyBridge Capital Anthony Scaramucci delivers a comprehensive guide to understand disruption in the financial industry as a result of the emergence and increasing prominence of digital asset technology. Drawing on his involvement in the Skybridge Bitcoin Fund which has $310 million in assets under management, this book runs the gambit from basic concepts all the way to implications of decentralized finance on the financial industry and society as a whole.
In this book, readers will learn about:
- Hashes, blockchains, and mining, and how these three processes sync up like an orchestra to make global participation in crypto possible
- Bitcoin as digital gold, and its similarities and differences to other cryptocurrencies like Ethereum
- Trading different cryptocurrencies, both popular and lesser known, through centralized platforms like Binance and decentralized finance (DeFi) platforms like Uniswap
- Promising technology to facilitate anonymized legitimacy called "zero knowledge proof" and how it works
The Little Book of Bitcoin is an essential up-to-date guide to digital assets and associated technologies for all individuals, from hedge fund managers to newcomer retail investors, seeking to understand and prepare for a new world of finance.
Front Jacket
Permanent and pervasive change is being driven by the technological and cultural transition known as crypto. Written by Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital and leader of the BlackRock ETF with $310 million in assets under management, The Little Book of Bitcoin describes how crypto works and how it will impact your financial life.
This book begins with a review of the "magic math" behind the cryptographic function called a hash, explaining how they can be used to create a verifiable authentic copy of any digital file, as well as how a hash can be updated and shared by the owner of the digital file. Scaramucci then delves into the idea of the "public computer" of crypto, where uninterrupted and unhackable orchestrated cooperation between users is achieved.
From there, this book covers the digitization of dollars through stablecoins such as Tether and Circle and the inevitable legislation of stablecoins, as well as more functional protocols of crypto, such as Ethereum, and the various applications it enables. Readers will also learn about "mining" and "staking" in Bitcoin and Ethereum respectively, which invite participation from users around the world.
Trading the growing number of cryptocurrencies is covered next, especially using community (known as decentralized or DeFi) platforms like Uniswap, as well as centralized alternatives such as Binance and the pros and cons of each type of trading. Lastly, this book covers the ongoing challenges of implementing anti-money laundering (AML) and know your customer (KYC) verification processes in anonymized community platforms, as well as the broader implications of decentralized finance worldwide.
The Little Book of Bitcoin is an essential up-to-date guide on digital asset technology and its disruptive effects for finance professionals worldwide.
Back Jacket
Praise for
THE LITTLE BOOK OF BITCOIN
"The Little Book of Bitcoin explains how this groundbreaking technology fixes our broken money and fosters freedom from financial repression, freedom from transactional censorship, and freedom from seizure. Reckless money printing has broken the backs of American households and funded endless wars. Bitcoin provides an offramp from this insanity."
--ROBERT F. KENNEDY, JR., American Politician and Environmental Lawyer
"The Little Book of Bitcoin provides a compelling exploration of Anthony's intellectual journey from bitcoin skeptic to prominent bitcoin investor. The book makes a strong case for incorporating bitcoin ETFs into a diversified portfolio."
--PETE BRIGER, JR., Chairman, Fortress Investment Group
"The Little Book of Bitcoin argues persuasively that bitcoin is inevitable and unstoppable because of spiraling government debt across the globe. Anthony does a terrific job explaining why bitcoin will become a mainstream investment asset that will be broadly owned by individuals, institutions, corporations and governments."
--BRETT S. MESSING, President and Co-Chief Investment Officer, SkyBridge Capital
