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Publisher's Summary

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

What listeners say about Layered Money

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best book on money that you will read this decade.

excellent narration. fascinating topic. if this doesn't convince you on bitcoin, nothing will. enjoy friends!

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Engaging and informative

For someone who is not familiar with the history of money and the complexity off the layers of money, this book was extremely helpful in making sense of how bitcoin fits into the big financial picture.

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more bullish than saif

bitcoin number go up Forever laura.
makes saif look like a bear.
pump it Nik

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  • Amazon Customer
  • 04-05-21

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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  • Chiranjeev
  • 04-02-21

Great sound quality, amazing content.

Recommend this to one and all. If you want to understand money, this is it. Congratulations Mr Bhatia ⭐⭐⭐⭐⭐