Cryptoassets is an innovative investor’s guide to an entirely new asset class. This authoritative resource will help you understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution. It defines a clear and original cryptoasset taxonomy, composed of cryptocurrencies, cryptocommodities, and cryptotokens, with insights into how each subset is blending technology and markets. Cryptoassets represent the future of money and markets. This book is your guide to that future.
Praise for Cryptoassets
"Whether or not one contemplates investing in cryptoassets, anyone with a practical or theoretical interest in financial markets should know about them. Burniske and Tatar do an excellent job explaining this brave new world to us."
— Harry Max Markowitz, winner of the Nobel Prize in Economics
"Cryptoassets is an outstanding overview of the state of digital currencies and assets. Highly recommended for those who want to understand where finance is going."
— Balaji S. Srinivasan, CEO of 21.co
"Burniske and Tatar have delivered a seminal guide to what may be the biggest investment opportunity since the Internet. Informative and actionable, Cryptoassets is a must-read for crypto-enthusiasts and capital market investors alike."
— Arthur B. Laffer, Chairman of Laffer Associates
"As we hurtle into a new, decentralized economy, Burniske and Tatar have laid down something of immense importance: a coherent logic, a new science even, for investing in the assets that will define that coming world."
— Michael J. Casey, Senior Advisor to the Digital Currency Initiative at MIT Media Lab
"In this sweeping and lucid work, Burniske and Tatar make a compelling case that cryptoassets are foundational to the second generation of the Internet and represent a once-in-a-generation opportunity for the innovative investor. Required reading for anyone wanting to understand the future of finance, business, and more."
— Alex Tapscott, CEO of NextBlock Global
"Investors are always seeking new assets to diversify their portfolios, and the emergence of cryptoasssets provides such an opportunity. Burniske and Tatar offer the first detailed analysis of cryptoassets from the perspective of a portfolio investment."
— Campbell R. Harvey, Professor of Finance at the Fuqua School of Business at Duke University
"Cryptoassets is the definitive guide that comes just in time to introduce you to a radically new era of innovative investment. This book tells you all you need to know to invest in this supreme opportunity of our time: replacing the porous topdown 'winner-take-all' Internet with a safe and cornucopian cadaster of trust and opportunity that makes us all potential winners."
— George Gilder, Co-Founder of the Discovery Institute
"The growth and importance of cryptocurrency and cryptocomputing rivals the early growth of the commercial Internet and web, and the technical and economic revolution that will result is perhaps even more significant than the first phase of the Internet. Cryptoassets is an excellent introduction to this breakthrough in technology and finance, and a tremendous resource for those eager to get their heads around what can be a daunting and complex subject."
— Jeremy Allaire, CEO and Founder of Circle
"This is an extremely well researched and timely 'state of the nation' treatise on cryptoassets. I'm excited that the knowledge base of our industry is continuing to expand with such high-quality thought leadership and insights."
— Vinny Lingham, Co-Founder and CEO of Civic.com
"Since Bitcoin's creation, people have been wondering why it and other cryptoassets have any value. Chris Burniske and Jack Tatar give the most compelling case for why, with sharp, detailed analysis that reflects their deep understanding of the technology and their strong finance background. Beginners, as well as more seasoned crypto investors, will find new insights and sensible tips in this practical guide."
— Laura Shin, Senior Editor at Forbes
"Cryptoassets is a fascinating introduction to this new space of the digital economy. The authors surface many historical examples to remind us that in times of excitement, it is even more important to pay attention to the teams and talent behind each project."
— Christian Catalini, Theodore T. Miller Career Development Professor at MIT
"As renowned industry thought leaders, it's no surprise that Chris and Jack have delivered what is likely the most thoughtful and in-depth framework for evaluating cryptoassets. Within this book, they've rolled up their sleeves to provide helpful historical context and a valuation framework that readers will find intellectually stimulating and illuminating for understanding this rapidly emerging world of cryptoassets."
— Spencer Bogart, Managing Director and Head of Research at Blockchain Capital
"Chris is at the forefront of the important work to better understand and analyze this emerging class of assets. In this book, he and Jack have encapsulated years of their thinking in an easy-to-digest manner."
— David Kinitsky, VP of Research and Innovation at Fidelity Labs
"For the uninitiated, the world of cryptocurrencies is frought with risks and pitfalls. No one should venture into this world without preparation. Cryptoassets explains, in simple to understand terms, the full paradigm of Bitcoin and its successor currencies, and it provides everything needed to explore this exciting world."
— John McAfee, Founder of McAfee Associates
"Serious investment professionals should read Cryptoassets if they want to understand and value the first new asset class of the twenty-first century. Chris and Jack explain this new-age investment opportunity comprehensively, artfully, and masterfully."
— Catherine Wood, Founder and CIO of ARK Investment Management
"A rare combination of quantitative analysis and first principles-based thinking—this is insightful, original content."
— Adam White, Vice President of Coinbase
"Chris and Jack show us the future of cryptoassets today. Their outlook is pointed and perceptive. A must-read to understand the next era in wealth and value creation."
— William Mougayar, General Partner at Virtual Capital Ventures