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After Bitcoin’s meteoric rise to $19,000 in 2017 and subsequent crash. You’d be understandable for assuming that the future of finance is somewhere else. Also, that cryptocurrency seems to be another tech bubble.
However, a closer examination reveals that the underlying blockchain technology has enormous potential to transform business in general.
Some suspect that in the coming years, the very foundation of our monetary value will change. It appears that one of the foundations of economic trade is about to undergo significant changes.
7 Books on the Future of Money
We’ve compiled a list of the top seven books on the future of money. However, these help you appreciate these upcoming changes in our economy.
1-The Currency Cold War by David Birch
The Currency Cold War serves as a wake-up call to the global financial community to begin discussing and planning our implementation of these emerging technologies today, rather than waiting until it is too late.
Readers are interested in the growth (and fall) of Bitcoin. Those who’ve noticed their investment banks carry out digital goods and internet-based services.
They are also curious about where it all is going, will find Birch’s book fascinating. The Currency Cold War is your ultimate source to the upcoming digital currency future, regardless of your history.
2- How Would You Like to Pay? By Bill Maurer
Maurer illustrates how we use currency today and how our practices can change shortly by studying the history of currency as a public tool.
Prof. Maurer explains how the human subjective experience has shaped the uses and intentions of currency throughout time.
Human activities will continue to represent the position of money as a transaction-based medium in the future, rather than computer algorithms.
What is your preferred method of payment? Is it an insightful and open guide to the history, present, and future of money as seen through the eyes of humans?
3- Personal Currency: The Future of Money by Roger Colburn, Alex Riegelmann
Colburn and Riegelmann begin by stating one of the most widely held beliefs about money: it has no inherent value. However, the only worth is the one we assign to it.
It has no meaning in and of itself without an agreed-upon ascribed value. The authors then dissect some of the shortcomings in our current relationship with currency, including its scarcity, its development through a debt cycle.
Also, our failure to ever completely repay this debt load. However, alternatives to conventional currencies, such as the previously much-heralded Bitcoin, have proved to be underwhelming.
4- Before Babylon, Beyond Bitcoin by David Birch
The core idea of the author is that money has been inextricably linked to its registered user since its creation, and much more so since 1971 when the United States left the Gold Standard.
The money of a not distant future, characterized by blockchain technology, would show memory.
Also, its use in previous transactions, who by, or for what. Your airline miles, gym loyalty points, grocery club points, and cell phone credits will all become independent, exchangeable money in this kaleidoscopic future.
5- The Internet of Money (vol. I-III) by Andreas M. Antonopoulos
Antonopoulos is an investor and network security specialist who previously wrote the best-selling Mastering Bitcoin.
The author has written the why in three volumes after writing one of the authoritative accounts of the innovation behind cryptocurrency.
The Internet of Money delves into the metaphysical underpinnings and ramifications of Bitcoin. Antonopoulos explains how Bitcoin reflects a technical and financial transformation.
It will revolutionize anything from corporate finance to taxonomy in his study of the possible solutions provided by the decentralized technology, blockchain, in wide areas such as economics, diplomacy, and society in general.
6- The Age of Cryptocurrency by Paul Vigna, Michael J. Casey
The Age of Cryptocurrency was written in 2015 by Vigna and Casey. Both Wall Street Journal authors, 2 years before Bitcoin fitted on its rocket boosters and took off over the skies of outperformance.
The Age of Cryptocurrency breaks through all the jargon to give the reader a behind-the-scenes look at one of the most widely used and ground-breaking innovations of the future.
7- The Future of Finance by Henri Arslanian, Fabrice Fischer
The Future of Finance is a compilation of their findings, ideas, and forecasts for the future. What distinguishes Arslanian and Fischer’s research from the rest is actual case reports from the industry.
Which shows how businesses are implementing AI, FinTech, and cryptocurrencies in the current business world and their plans.
Wrapping It Up!!!
After reviewing our highest-ranked books on the future of money, we’re not so sure about the long-term sustainability of the changes in our pockets.
Do you think we forgot to include a classic on our list? Would you mind letting us know?