Expert financial guide to understand the technology, potential, and disruptive effects of crypto
In The Little Book of Bitcoin, founder and co-managing partner of SkyBridge Capital Anthony Scaramucci delivers a comprehensive guide to understand disruption in the financial industry as a result of the emergence and increasing prominence of digital asset technology. Drawing on his involvement in the Skybridge Bitcoin Fund which has $310 million in assets under management, this book runs the gambit from basic concepts all the way to implications of decentralized finance on the financial industry and society as a whole.
In this book, readers will learn
Hashes, blockchains, and mining, and how these three processes sync up like an orchestra to make global participation in crypto possible Bitcoin as digital gold, and its similarities and differences to other cryptocurrencies like Ethereum Trading different cryptocurrencies, both popular and lesser known, through centralized platforms like Binance and decentralized finance (DeFi) platforms like Uniswap Promising technology to facilitate anonymized legitimacy called “zero knowledge proof” and how it works The Little Book of Bitcoin is an essential up-to-date guide to digital assets and associated technologies for all individuals, from hedge fund managers to newcomer retail investors, seeking to understand and prepare for a new world of finance.
Anthony Scaramucci is an American financier, entrepreneur and political figure. He is the founder and co-managing partner of SkyBridge Capital, a global alternative investments firm. As part of the first generation of his family to attend college, Scaramucci graduated from the Tufts University and Harvard Law School before embarking on a successful career in the financial services industry. In November 2016, Scaramucci was named to President-Elect Trump’s Presdential Transition Team Executive Committee. In June 2017, he was named the Chief Strategy Officer of the Export-Import Bank. He served as the White House Communications Director for 11 days in July 2017. In 2016, Scaramucci was ranked #85 in Worth Magazine’s Power 100: The Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year-New York” Award in the Financial Services category. He is a member of the Committee on Foreign Relations (CFR). Scaramucci was born and raised on Long Island, New York, where he still resides today.
In 2009, a person or group of people known as Satoshi Nakamoto created the bitcoin network and mined the genesis block.
I have no idea what that means, and I bet most of the politicians clamoring for the U.S. Treasury to invest in digital currencies don’t either. No matter. As it flutters around $100,000, bitcoin has become the world’s most frequently traded currency of gullibility. With Donald Trump’s help, our era’s tulip bulb mania could soon go hyperbolic (story).
Enter Anthony Scaramucci. Yes, the Mooch, the well-coiffed New York financier who founded the bitcoin firm SkyBridge Capital. In 2017, Scaramucci served as Trump’s communications director so briefly that he could have started eating a pastrami sandwich on the day he was hired and then safely finished it on the day he was fired.
Scaramucci is no longer politically allied with the once and future president, but he’s been preaching the salvation of bitcoin as hard as Donald Trump with a stack of MAGA Bibles. On Jan. 29 — just a few days after the presidential inauguration — Scaramucci will release “The Little Book of Bitcoin: What You Need to Know that Wall Street Has Already Figured Out.”
This book couldn’t be any more Eau de Mooch if it were a jar of the man’s sweat. Part memoir, part primer, part sales pitch, “The Little Book of Bitcoin” is written in the chummy tone of a stockbroker who’s willing to do you a favor because you seem like a really nice person. These are actual....
Are you thinking of Bitcoin as an investment opportunity rather than an antidote to traditional banking? Then The Little Book of Bitcoin is for you. Anthony Scaramucci, Bitcoin-bull and founder of SkyBridge Capital has written a handy, yet comprehensive guide to digital assets and the technology beneath it. It covers Bitcoin’s history, the technological fundamentals, but it also looks beyond that and sketches out tomorrow’s world of decentralized finance. Moreover, The Little Book of Bitcoin also answers questions many crypto-investors are still racking their brains over. What are stablecoins used for? Is it true that there is no privacy on the blockchain? And what does Wall Street think about all of this?
What I liked most about Scaramucci’s book was his perspective on Bitcoin as an investment manager. Admittedly, he does talk a good deal about very basic things like hashes or mining, the kind of concepts known even to the very remotely interested audience, but unlike many other books The Little Book of Bitcoin doesn’t lose itself in the technical and foundational details. Rather Scaramucci illustrates impressively how this completely new type of asset was able to capture wide-spread admiration even on Wall Street and in doing so became today’s hottest asset. I particularly liked the chapter in which Scaramucci describes how traditional finance became enthralled with cryptocurrency despite having strong reservations at first. Another chapter that deserves to be highlighted is the one about the rise (and especially impact) of Bitcoin ETFs. Forget the halving or efficiency improvements on Bitcoin’s blockchain — neither of them has an effect on the Bitcoin price that is remotely comparable to the emergence of Bitcoin ETFs. Yet many books and discussions don’t bother to address what traditional finance does with crypto-assets at all.
There is one more reason why I would suggest to read The Little Book of Bitcoin and to do so soon: The author’s profile. Scaramucci served as the White House Communications Director and has an excellent feeling of where politics is headed. And currently US politics is what will decide about the short- and mid-term trajectory of the Bitcoin price. It was President-elect Trump’s victory that sent the value of Bitcoin towards $100,000 apiece. Scaramucci’s former boss made many promises on the campaign-trail. Whether they are realized will perhaps matter more to the crypto-world than anything else in the next year. The original book review can be found here: https://igorpejic.substack.com/
Short book about a seasoned investor and his journey about the discovery of Bitcoin. First as a skeptical and critic, then as a firm believer. It is good for a first understanding on the subject, as concepts are not dealt with with a high degree of detail. I enjoyed it very much and recommend it.
I'm giving this four stars but I'd give 3.5 if possible. I think it helps understand the evolution of Bitcoin but the end of the book lost me somewhat, since it turned into lots of jargon that trading guys use and I apparently don't have the head for that.
Nobody has a crystal ball of course, but it seems like everybody's brilliant in retrospect. Sears flourished once upon a time and built the Sears Tower in Chicago in the 1970s...but their fortunes faded. KMart seemed to take a chunk out of them. Then Walmart took a chunk out of Kmart. Maybe something else will come along to take down Amazon. So the title part, "that Wall Street has Already Figured Out," maybe so. For now. Tomorrow? Next month? Maybe something else will come along, making it another Sony Betamax.
By the time you know what something is, maybe you've already missed the boat. And by the time you get on the boat, a different boat is boarding the ones from the boat you just got on.
I did appreciate how he said at the end that if you're going to give it a try, there are a variety of ways and comfort levels.
The book starts with a disclaimer to absolve the author and publisher of any financial liability.
Enough said. This is nonsense.
Bitcoin is good for criminal transactions and tax evasion. If you lack the resources or know how to execute these things. You have nothing to gain from this book.
Sure you may make a few grand or even more if you have the cash. Riding the wave and leaving the bag with the greater fool. But there’s no telling if you’re that greater fool yourself.
One thing you’ll notice about market competition. Is that the wealthy almost never go broke. In any competition even the allstars have bad days. But not the wealthy. The rich never fall on rough times or make too many bad bets “The mooch” does not have half his net worth in bitcoin. He’s not that stupid. But he certainly doesn’t mind if you decide to put half of your net worth into this asset bubble to pad his pump and dump schemes.
I will come back to this book again. I ordered the hardcopy and decided not to wait until January to read it. So I bought the Kindle book and tore through it in record time. It’s very accessible, and when it comes to financial information such as this, as a neophyte in these areas I needed it to be so. I got this book because it just didn’t make any sense to me what a digital currency was. But after the authors step-by-step review of the history of money, it’s beginning to become clear to me. I appreciate having physical books, so I will not cancel the hardbound copy I have on order. Good books are worth having in both digital and hardcopy form in my opinion. If you feel clueless on all things bitcoin, welcome to the club, and this book is very much worth your time.
If you're here for the history of how Bitcoin came to be, then you're in the right place. ________________________________________
But for those who're looking for a quick overview of why Bitcoin has potential:
-It is deflationary by nature (only 21 million in the world) -It is non-corruptible -It is portable (with just a USB) -It is decentralized -It can't be copied (all attempts have failed) -Direct transaction (No fees) -Legally protected by the IRS
How to Invest? Use cost cost-averaging strategy until the targeted allocation * 2% of your portfolio to manage risk *10% of your portfolio for growth
Volatility is not a reason to avoid an asset, as any asset CAN crash. Can you afford not to own it? No money in the world can assuage the regret of not buying more. Invest in promise, not by the price guide. Trust progress and technology; Progress has marked the evolution of technology. _______________________________________
To conclude, this book is great for understanding the potential of Bitcoin through the recounts of the major players taking an interest in it. But if you're here searching for the reason WHY you should invest in it, I suggest the first few chapters and the last few chapters are sufficient. The rest in the middle are just history lessons for me.
This entire review has been hidden because of spoilers.
3/5 First couple of chapters were fine. But then it sort of turn into chapters about how fund managers/famous finance bros began to believe in bitcoins, without explaining their underlying logic. Thats when it just turns into a book that just tries to hype up bitcoins. Maybe it’s just not what i am seeking. I was hoping that I would understand the economic logic behind the increasing value of bitcoin, how it compares and interacts with the fiat economy. This book just offered some really basic explanation of what bitcoin is and then began to hype it up. I didn’t even get to learn about the anti-bitcoin perspectives even though the author kept mentioning they exists like what is the point if you are not going to explainnnn
Anthony Scaramucci, a prominent Wall Street figure, has emerged as a late but enthusiastic advocate for Bitcoin and other cryptocurrencies. His journey from skepticism to fervent support offers an intriguing perspective on the evolution of digital currencies through the lens of a seasoned financial professional. Scaramucci's conversion to cryptocurrency evangelism provides a compelling narrative for those familiar with traditional finance. While much of the information about Bitcoin's history and potential is widely known to crypto enthusiasts, Scaramucci's endorsement adds credibility from the conventional financial sector.
This book is exactly not what i had expected it to be. I though the book would explain why people believe bitcoin to be a world currency, however Scaramuchi tries to convince the reader why bitcoin had a value.
His arguments only consist of references of influential people who have bought people or validations in price, but he does not provide any other arguments why bitcoin could be a good currency (maybe because it is not). He also does not cover topics which are a treat for bitcoin like fraud or lagging cryptobrokers.
All in all, I think Scaramuchi wanted to involve more people in buying bitcoin, so the coin will be worth more.
This entire review has been hidden because of spoilers.
Som med så meget andet Scaramucci er involveret i, er jeg øjeblikkeligt begejstret (med undtagelse af hans involveren i Trumps første administration 😅), og denne lille letlæste bog om Bitcoin og fremtiden på blockchainen er ingen undtagelse. At jeg så desuden allerede selv er hidsigt entusiastisk over krypto gør måske bogen så meget desto mere let for mig at slubre i mig, som den kapitalistiske nektar den er et udtryk for. Skulle vi op på fuld plade kunne jeg måske have tænkt mig en lidt mere teknisk gennemgang af teknologien, men som introduktion til en af fremtidens vigtigste teknologier og økonomier, er den fremragende!
Great introductory book for anyone, and still informative to those who have read 10+ books on Bitcoin. He comes from tradfi and does an excellent job making the case for why everyone, everywhere needs to understand and own at least some BTC. The money printing and debasement of fiat currency, combined with unsurmountable debt, makes Bitcoin inevitable. The best time to buy Bitcoin was in the past, the second best is right now.
This is a compact but informative book about Bitcoin. The book focuses on the topic of investing in this new digital asset class and the major personalities involved in the Bitcoin investment journey. Early in the book there is an interesting discussion about the origins and use of money. The book is written in an easy to understand style.
Extremely disappointing. The book offers little more than surface-level explanations and the author’s personal journey, neither of which add meaningful insight. Most of the content can be found in minutes via a basic web search. For a series known for concise, high-value analysis, this entry is unusually shallow and uninformative. One of the weakest books I’ve read in the series.
I’ve read a few financial books in the past year, but none really discussed bitcoin. This book was intriguing, easy to follow/understand, and peaked my interest in something I previously knew nothing about!
If you want to understand what Bitcoin is, how it was created, how it works, what is will/might become, and what value it has for the investor, this is not the book for you. There are indeed some interesting stories and it is an easy read. But, I won't be recommending it to others.
Incredible book. Completely changed my view on cryptocurrency. Unrelated to the contents of the book, I think my two-minute conversation with Scaramucci was life-altering, and it’s not a surprise to me how well received the book is.
A very easy read, explains very well about Bitcoin. Could be easily understood even with someone who has no idea about financial markets. Sometimes the information repeats again and again.
Pleasantly surprised by the quality of this book. It does a good job explaining the problem with Fiat money, why Bitcoin is a good alternative and practical recommendations for next steps.
Mr. Scaramucci is an advocate of Bitcoin. A good book for getting the basics without getting too technical. A great book for understanding the 'why' you would consider purchasing Bitcoin.