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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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Good in the beginning and then very bad

Best part of the book is the concepts of layered money and the interesting history of gold and fiat money.

However the book is clearly written by someone who believes in only Bitcoin and completely overlooks or purposefully ignores all of the other cryptocurrencies and what they offer.

1) No mention of the alt-coins which you would expect in 2021 when DEFI and other ecosystems are growing exponentially.

2) No mention of Etherium and its smart contracts- however the books focuses upon Bitcoins smart contracts which is strange because I would'nt think that would be worth mentioning. Then there is mention of the lightening network which

3) No mention of DEFI -probably because it is on Etherium which this author seems not think is worth mentioning.

4) No mention of Wrapped Bitcoin which is used as a layer 1 on DEFI on Etherium.

5) No mention of the other cryptocurrencies which are brining about decentralisation.


Basically its a book written by a maxi or a very uninformed person on cryptocurrencies.

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Life changing perspective shift

Will never see the money system the same way again with this knowledge my life will forever be improved.

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MUST LISTEN

Excellent book on why Bitcoin is the future of money and a masterclass narrative by Guy Swann.

*Chefs kiss*

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Great sound quality, amazing content.

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

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  • Brian Sachetta
  • 15-04-2021

Engaging and easy to understand

Before I picked this one up, I actually thought it was going to be super technical. I’d only ever listened to one podcast featuring Bhatia, and that was a while ago, so I couldn’t remember what his style was. Especially given the subject, I assumed I was in for a bit of a slog.

However, this book is anything but that, and I think that’s why I found it to be quite good. Bhatia takes something that’s super complex and vague (the layered money system) and breaks it down in just a handful of hours. More importantly, he does so in a way that just about anyone can understand.

Though I liked the entire book, the last third was my favorite. In that part, Bhatia takes all the layered money concepts he covers in the first two-thirds and applies them to Bitcoin and digital currencies.

Overall, it’s a very good read and one that I recommend.

-Brian Sachetta
Author of “Get Out of Your Head”

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  • kevin chan
  • 05-04-2021

more bullish than saif

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

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  • concerned customer
  • 07-04-2021

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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  • Amazon Customer
  • 11-04-2021

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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  • DaRocket
  • 29-07-2021

my brain is getting bigger

easy to listen to, finished in 2 days, some parts need to be listened to a couple times if you're not economically savvy, there's some heavy pieces of information that takes time to wrap your head around and digest. all around informative and great audiobook!

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  • Joe
  • 13-07-2021

Different way to look at monetary system. A+

simple and easy enough to follow with little economic background. the visual aids help drive home the point. would be good to have labels on the layers...layer 1, layer 2 money and layer 3 money.

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  • Pen Name
  • 13-07-2021

Enjoyed

Enjoyed learning about layered money. Most people dont get this education. Thank you! Btc for the win!

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  • Snyde
  • 11-07-2021

one sided analysis but good history

Author explains things well. Does not leave enough room for counter arguments that would more fully educate the reader regarding crypto's possible futures.

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  • fair & balanced
  • 10-07-2021

More current information

It went through the history of money, never get enough of that! to current bitcoin Info. The more I know the more able I am too Help others Come onboard to the bitcoin blockchain technology Space!!

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  • Alex Martin
  • 08-07-2021

amazingly accurate and brilliant

wonderful from beginning to end. very accurate and great description of how money works. will change the way you think about economics

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  • Anonymous User
  • 03-07-2021

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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  • Tudor George Florinel
  • 30-06-2021

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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  • Nelson Carreras
  • 28-04-2021

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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  • Amazon Customer
  • 05-04-2021

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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