Competition, the drive for efficiency, and continuous improvement ultimately push businesses toward automation and later towards autonomy. If a business can operate without human intervention, it will minimize its operational cost. If Uber can remove the expense of a driver with an autonomous vehicle, it will provide its service cheaper than a competitor who can’t. If an artificially intelligent trading company can search, find, and take advantage of some arbitrage opportunity, then it can profit where its competitors cannot. A business that can analyze and execute in real-time without needing to wait for a human to act, is a business that will be able to take advantage of brief inefficiencies from other markets or businesses. This trend following a thesis that is based on 100 years of proven economic theory. Short-wave economic cycles, those 5- to 10-year cycles, are driven by credit but the long-wave economic cycles, those 50- to 60-year cycles, are driven by technological revolution. We’ve had 5 cycles over the past 200 years with the last wave, the Age of Information & Telecommunications. We've seen evidence that a new cycle has begun. Technological revolutions come by way of a cluster of new innovations. About a decade ago, you started to see AI, robotics and IoT (sensors) delivering on automation. That’s been powerful, but not transformational. It does not force businesses to fundamentally change how they do business. The last piece of the puzzle was cryptocurrency because it allows us to process and transfer economic value without human intervention. Soon, there will be a global race to build autonomous operations. Businesses and organizations without autonomous operations simply will not be able to compete with those that do because … autonomy is the ultimate competitive advantage. Crypto is the mechanism that will accrue value from being the infrastructure for the next digital financial revolution. Crypto Asset Investing lays out a case that we’ve begun a new technological revolution similar to the Internet Age of the 1990’s. Artificial intelligence, the Internet of Things, robotics and cryptocurrency are converging to deliver on a new age, what I call the Age of Autonomy. Understanding the transformation that’s taken place before anyone else can yield enormous investment opportunity. In this book, you’ll learn how and why to invest in crypto assets.
Eye-opening. The information is of vital importance and it is delivered in a way that demystifies the world of cryptocurrencies. Having finished the book, I feel much more confident in my understanding of the interesting world of blockchain-- and the technological revolution looming.
Jake Ryan's book is clear, practical and much needed. It provides a whole guide on how you can construct your portfolio and manage your crypto investments. In a sea of superficialities, this book stands out. Highly recommended.
I’d describe the book as jack of all trades master of none. The author spends the first third with rather gloomy omen on the state of currencies and follows it with a high level overview of crypto markets which is the most interesting bit. The last third is an amalgamation of various signals and metrics that make crypto investing seem more like a PhD project while in reality it it’s much simpler. This book could’ve been much more concise and well planned, but works for someone interested in general view of crypto. If you do read this, suggest to only focus on Part II.