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Bobby C. Lee - The Promise of Bitcoin: The Future of Money and How It Can Work for You

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Bobby C. Lee The Promise of Bitcoin: The Future of Money and How It Can Work for You
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The way individuals, organizations, and governments conduct transactionsfrom purchasing a book online to acquiring major corporations to delivering billions in financial aidwill look vastly different in the near future. Bitcoin is spearheading this revolution and maybe the best investment opportunity of our time, yet most people have yet to understand its promise.In this book, Bobby C. Lee, one of the earliest, most successful pioneers in the cryptocurrency space, debunks myths and dispels fears that surround Bitcoin, arguing that this rational, logical system is superior to traditional monetary systems. He cites signs of Bitcoins widening acceptance: a growing community of users worldwide and multiple initiatives for investing in and holding bitcoin among major financial services organizations and institutional investors who control trillions in assets.Lee offers a primer on the best strategies for investing in this digital currency, the value of which will only continue to grow. He discusses the pros and cons, and covers the complicated yet more profitable method of acquiring bitcoin, mining. He offers predictions for the future, including price, trajectory, use, and participation in the larger economyas well as developments in regulation, technology, business, and society.Invest in the promise of Bitcoin today.

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Praise for THE PROMISE OF BITCOIN and Bobby C Lee Bobby Lee was among the - photo 1

Praise for THE PROMISE OF BITCOIN and Bobby C Lee Bobby Lee was among the - photo 2

Praise for

THE PROMISE OF BITCOIN and Bobby C. Lee

Bobby Lee was among the earliest forward thinkers to fully recognize Bitcoins potential as a store of value. He arrived at his conclusions not out of some whim or particular love of risk, but rather after carefully analyzing its characteristics and technological merit. The Promise of Bitcoin traces his thinking on the subject and explains in plainspoken language how Bitcoin works and why and how the average investor should invest in this opportunity of a lifetime.

TYLER WINKLEVOSS, Cofounder of Gemini

Bitcoin is starting to go mainstream, but its still mysterious and misunderstood by many. Bobby Lee, an early Bitcoiner, has written an approachable book that demystifies Bitcoin in an easy-to-understand way and addresses peoples primary fears about it head-on.

CAMERON WINKLEVOSS, Cofounder of Gemini

This book will help quench the amazing thirst for a better understanding of the Bitcoin revolution. It should be part of the curriculum for all investors.

MICHAEL NOVOGRATZ, Founder of Galaxy Digital

Bobby Lee has written an important book for anyone interested in cryptocurrencies. It offers practical insights derived from Bobbys experience as a successful Bitcoin entrepreneur and informed by a global and learned perspective. Part treatise, part how-to manual, this highly accessible read is indispensable to investors, innovators, journalists, regulators, academics, and the general public alike.

GLENN HUTCHINS, Chairman of North Island Ventures and Cofounder of Silver Lake

Bitcoins big surge at the end of 2020 into 2021 reflects a growing acceptance of its infallible logic, particularly among some of the worlds largest institutional investors. Bobby Lee predicted this trend years ago, even when financial institutions wouldnt touch it. In The Promise of Bitcoin, he explains why Bitcoin is a better form of money than traditional currencies, and offers a primer on what Bitcoin newcomers and early-stage investors need to know.

CZ (CHANGPENG ZHAO), CEO of Binance.com

As an entrepreneur who has built multiple businesses to help bring Bitcoin to a broader audience, Bobby is the perfect person to take readers on a journey from Bitcoins earliest beginnings to its current state. His personal stories add a unique perspective that make this book a must-read for anyone who is interested in understanding Bitcoin and its place in our world.

MELTEM DEMIRORS, cryptocurrency entrepreneur and investor

Much of the discussion about Bitcoin is dry and unengaging for the average investor. In this valuable book, Bobby Lee successfully interweaves his personal experiences into sound, easy-to-follow explanations about why Bitcoin is such a strong investment, and he makes the tools for investors easier to understand.

WENCES CASARES, CEO of Xapo and Board Member of PayPal and DIEM

This pioneering guide captures Bobbys inspiring vision, passion for Bitcoin, and fervent desire to create a better society for us all.

MICKY MALKA, Founder of Ribbit Capital

From the Ivory Coast to Silicon Valley, Bobby Lees life experience makes him the perfect person to explain the promise of Bitcoin.

ROGER VER, Founder of Bitcoin.com

Bitcoin is unstoppable. If you want to understand why or how it fits into the world of money or your personal financial portfolio, read The Promise of Bitcoin.

GAVIN ANDRESEN, former lead developer of Bitcoin and former Chief Scientist at the Bitcoin Foundation

As an early innovator and builder of systems around Bitcoin, Bobby is an apt guide for anyone looking to go deeper on the coin.

CHRIS BURNISKE, Cofounder of Placeholder and bestselling author of Cryptoassets

Bobby steadfastly follows his vision and The Promise of Bitcoin perfectly crafts that vision into words. Enjoy this wild ride!

CHARLIE SHREM, Founder of the Bitcoin Foundation and the Untold Stories podcast

As an early pioneer, Bobby Lee saw the potential of Bitcoin and shared his passion for this promising new currency. This fascinating book captures the remarkable impact that Bitcoin has had on the world and Bobbys vision for its future.

TINA SEELIG, Professor of the Practice in the Department of Management Science and Engineering at Stanford University

Bobbys passion for Bitcoin is reflected in these pages. I look forward to Bitcoins continued evolution and the publics rising awareness of this potentially transformative new system.

TOM BYERS, Entrepreneurship Professor at the School of Engineering at Stanford University

Copyright 2021 by Bobby Christopher Lee All rights reserved Except as - photo 3

Copyright 2021 by Bobby Christopher Lee. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

ISBN: 978-1-26-046868-7
MHID: 1-26-046868-2

The material in this eBook also appears in the print version of this title: ISBN: 978-1-26-046867-0, MHID: 1-26-046867-4.

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All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps.

McGraw-Hill Education eBooks are available at special quantity discounts to use as premiums and sales promotions or for use in corporate training programs. To contact a representative, please visit the Contact Us page at www.mhprofessional.com.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, securities trading, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

From a Declaration of Principles Jointly Adopted by a Committee of the
American Bar Association and a Committee of Publishers and Associations

TERMS OF USE

This is a copyrighted work and McGraw-Hill Education and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hill Educations prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms.

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