The Bitcoin Standard

Published in 2018, The Bitcoin Standard examines monetary history from primitive stone currencies through the Victorian era's gold-based systems to modern digital cryptocurrencies. Economist Saifedean Ammous argues for reviving sound money principles through Bitcoin. He proposes that this cryptocurrency possesses distinctive characteristics similar to historical gold reserves, positioning it as an exchange medium resistant to governmental interference. According to Ammous, adopting Bitcoin could restore economic stability and prosperity while ending the destructive patterns of economic expansion and contraction.