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Layered Money

From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

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Layered Money

By: Nik Bhatia
Narrated by: Guy Swann
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About this listen

In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a “layered” manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia’s analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of “layered money” illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Listeners will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.

Nik Bhatia is a financial researcher, CFA charterholder, and adjunct professor of finance and business economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book titled Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in social sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. Nik lives in Los Angeles, CA, with his wife and young daughter.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2021 Nikhil Bhatia (P)2021 Nikhil Bhatia
Investing & Trading Personal Finance Cryptocurrency Business
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What listeners say about Layered Money

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Bitcoin wins

Some parts of this book were a little bit too advanced for me but the last chapters were easy to understand.

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Excellent

Excellent framework which is now required for navigating the relationship between impending CBDCs and Bitcoin. Highly recommended as a follow up to The Bitcoin Standard by Saifedean Ammous. Also well narrated and concise.

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Very interesting vision on the future of Bitcoin

The author presents the history of money as a pyramid, where gold was the top layer but gradually got retired so that money coukd become elastic. It then argues that Bitcoin will be the top layer, replacing the current US Treasuries , from which central banks will launch and settle CBDC (Central Bank Digital Currency) .

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A 30,000ft view on the history or my money, gold and bitcoin

A great insight of gold and how money has worked over the many centuries and how Bitcoin could be part of our future

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Unnecessary foreign accents.

Why on earth does the narrator do accents when reading quotes? It makes listening very uncomfortable.

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Worth every minute of it

Nik did an amazing job with laying out the foundation of how money works, which really helps the listener understand why Bitcoin is the solution we need.

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Complex understanding at times

Great listen however complex to understand at times. Probably worth a re listen maybe two

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Great listen for Bitcoin fundamentals

Awesome dive into Bitcoin and economics. Clear explanations with historic context and an interesting view of the future. Very well read as audiobook.

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Clear understanding of the way our money is created and a way forward.

I started asking myself the question "What is money" around the age of 14 years old, Then started slowly over time, sitting on the shoulders of others to develope the idea of money as energy; yes, even before Mr Saylor. 😅 This is one of the clearest most succinct descriptions of how the overarching money layers work together and why BTC will be/ can be a game changer in the future. Unfortunately there are still risks that gigantic financial power brokers could attempt to capture BTC by making its ownership, trading and onramp/of ramping illegal for the masses. Time will tell. in the meantime, a good book and excellent learning experience. Thanks.

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