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Crypto Uncovered: The Evolution of Bitcoin and the Crypto Currency Marketplace

by Sarah Swammy, Richard Thompson, and Marvin Loh (2019)

Quick summary -- an in-depth PhD-level extended summary (10-30 pages) for this book is coming soon.

Crypto Uncovered: The Evolution of Bitcoin and the Crypto Currency Marketplace

By Sarah Swammy, Richard Thompson, and Marvin Loh

Quick Summary

Three financial industry professionals trace cryptocurrency's evolution from the history of money through Bitcoin's emergence, its transition from the Silk Road to Wall Street, ICO creation, blockchain technology, and the future of digital currencies.

Executive Summary

"Crypto Uncovered" provides an institutional perspective on cryptocurrency markets, written by professionals from State Street, Digital Air Technologies, and BNY Mellon. The book traces the evolution of money from physical tokens to digital currencies, covers Bitcoin's origins and the broader crypto ecosystem, examines investment performance and risk characteristics, explains blockchain technology and ICO mechanisms, and discusses regulatory frameworks and the future of digital finance.

Key Concepts and Frameworks

  1. History of Money -- From physical currency to electronic transactions to cryptocurrency.
  2. Bitcoin and Blockchain -- The technology, philosophy, and practical mechanics of distributed ledger systems.
  3. Crypto as an Asset Class -- Investment performance, risk characteristics, and portfolio considerations.
  4. ICO Framework -- Initial coin offerings: creation, regulation, and investment analysis.
  5. Regulatory Landscape -- Global regulatory approaches to cryptocurrency markets.

Conclusion

"Crypto Uncovered" provides a balanced, institutional perspective on cryptocurrency that is particularly valuable for traditional finance professionals seeking to understand the digital asset ecosystem.