Future of Finance: From Gold Standards to Bitcoin

By Valda Snyder

An innovative examination of the financial industry's future.

Money, be it pennies in your pocket or a credit card that is accepted worldwide, is what keeps the world turning. Without it, we would have to rely on the barter system of our prehistoric ancestors.

As long as you have what your neighbor needs, trading chairs for pigs and candles for milk is fine.

However, this system is difficult to expand beyond a small hamlet and is essentially worthless in the global commodity economy.

Finding something that everyone will trust and accept is the tricky part. That meant paper money backed by gold in the contemporary era.

It was an easy yet powerful notion. After all, precious metal is one of the few materials that is most adapted to holding its value. An era of unheard-of expansion and riches followed.

When governments started creating money instead of adhering to the "gold standard," things started to go wrong around the beginning of the 20th century.

What was the outcome? a century of debt accumulation and booms and busts.

But if we wish to have healthy financial practices, we don't have to go back to gold. In actuality, Bitcoin is a brand-new child on the block that's ideal for the digital age.

It may be used anywhere, at any time, and is a very stable method of storing value over time, much like gold.
The new cryptocurrency might establish itself as the norm for a new era of expansion if it can get beyond a few teething issues.

You'll discover in the book:

how governments have weakened the value of currencies to pay their wars since Caesar; why the introduction of new technology signaled the demise of an antiquated rock currency; and why Bitcoin is well equipped to serve as a new standard.

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• Format: Paperback
• Language: English
• ISBN: B0CPW4NZ3J
• ISBN13: 9798871313251
• Release Date: December 2023
• Publisher: Independently Published
• Length: 58 Pages
• Weight: 0.20 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"