Kindle
$9.99
Available instantly
Audible Logo Audiobook
$0.00
with membership trial
Paperback
$10.89
$10.89 with 39 percent savings
List Price: $17.99

The List Price is the suggested retail price of a new product as provided by a manufacturer, supplier, or seller. Except for books, Amazon will display a List Price if the product was purchased by customers on Amazon or offered by other retailers at or above the List Price in at least the past 90 days. List prices may not necessarily reflect the product's prevailing market price.
Learn more
FREE Returns
$3.99 delivery May 16 - 21. Details
Or fastest delivery May 10 - 13. Details
Only 4 left in stock - order soon.
$$10.89 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$10.89
Subtotal
Initial payment breakdown
Shipping cost, delivery date, and order total (including tax) shown at checkout.
Ships from
Warriors SG
Ships from
Warriors SG
Sold by
Warriors SG
Sold by
Warriors SG
Returns
Eligible for Return, Refund or Replacement within 30 days of receipt
Eligible for Return, Refund or Replacement within 30 days of receipt
This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. You may receive a partial or no refund on used, damaged or materially different returns.
Read full return policy
Returns
Eligible for Return, Refund or Replacement within 30 days of receipt
This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. You may receive a partial or no refund on used, damaged or materially different returns.
Read full return policy
Payment
Secure transaction
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Payment
Secure transaction
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Amazon book clubs early access
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club? Learn more
Amazon book clubs early access

Join or create book clubs

Choose books together

Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Explore Amazon Book Clubs
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

Follow the author

Andy Edstrom
+ Follow
More books from this author
Something went wrong. Please try your request again later.

Why Buy Bitcoin: Investing Today in the Money of Tomorrow Paperback – September 2, 2019

by Andy Edstrom (Author)
4.6 4.6 out of 5 stars 227 ratings
See all formats and editions
{"desktop_buybox_group_1":[{"displayPrice":"$10.89","priceAmount":10.89,"currencySymbol":"$","integerValue":"10","decimalSeparator":".","fractionalValue":"89","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"4r0Ll%2FWW5t4YNcpz0hOfjlObfiemSAxcIp7rFC1RAPdjD5RlbZwcc0I4NBJ8gNfNmTzgJVzS31prNfExjBwQ2pdF%2FLuepWxOQvLx07CIE%2BD55LsIEOODJq5Vp46Q5wXH%2BvXC7VsTUyiV6wBiqLXJ46so3F8pOQQGasS0497dVTO7TrvAL5f0VG%2Fysx1UhBfn","locale":"en-US","buyingOptionType":"NEW","aapiBuyingOptionIndex":0}]}

Purchase options and add-ons

Some people still view Bitcoin as a startup. But despite being declared dead many times by the mainstream media, Bitcoin grows stronger every year. What’s going on? It’s not too late to learn about Bitcoin and invest. Bitcoin’s value has grown exponentially over multiple boom and bust cycles spanning a decade. Bitcoin is an Internet-native phenomenon like Alibaba, Amazon, Apple, Facebook, Google, Netflix, Microsoft, and Tencent. It therefore benefits from the “network effect” which makes it dramatically more valuable as the network grows. But its potential value is much larger than the giant Internet companies we know so well. If Bitcoin reaches that potential, its value could rise by 50 times its current price in the coming decade. This book will help you understand the role of money in our society, the current state of debt in our economy, and how Bitcoin provides a better solution.
Read more Read less
Previous page
  1. Print length
    206 pages
  2. Language
    English
  3. Publication date
    September 2, 2019
  4. Dimensions
    6 x 0.47 x 9 inches
  5. ISBN-10
    1733219609
  6. ISBN-13
    978-1733219600
  7. See all details
Next page
Books with Buzz
Books with Buzz
Discover the latest buzz-worthy books, from mysteries and romance to humor and nonfiction. Explore more

Frequently bought together

Why Buy Bitcoin: Investing Today in the Money of Tomorrow
$17.84
Get it as soon as Tuesday, May 14
In Stock
Ships from and sold by Amazon.com.
+
The Bitcoin Standard: The Decentralized Alternative to Central Banking
$20.20
Get it as soon as Monday, May 13
In Stock
Ships from and sold by Amazon.com.
+
The Price of Tomorrow: Why Deflation is the Key to an Abundant Future
$17.06
Get it as soon as Tuesday, May 14
In Stock
Ships from and sold by Amazon.com.
Total price:
To see our price, add these items to your cart.
Details
Added to Cart
Choose items to buy together.

Editorial Reviews

About the Author

ANDY EDSTROM, CFA, CFP is a financial advisor and a member of the investment committee at WESCAP Group, where he manages wealth and provides financial advice to clients. His opinions on regulation of the Internet monopolists have been published in The Economist, and his opinions on Bitcoin have been published in The Wall Street Journal. In addition to the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) credentials, he holds a Bachelor of Arts in Economics, Magna Cum Laude and Phi Beta Kappa, from Williams College. Find out more about Andy at AndyEdstrom.com.

Product details

  • Publisher ‏ : ‎ Countercycle Media (September 2, 2019)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 206 pages
  • ISBN-10 ‏ : ‎ 1733219609
  • ISBN-13 ‏ : ‎ 978-1733219600
  • Item Weight ‏ : ‎ 10.1 ounces
  • Dimensions ‏ : ‎ 6 x 0.47 x 9 inches
  • Customer Reviews:
    4.6 4.6 out of 5 stars 227 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Andy Edstrom

Andy Edstrom

Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

ANDY EDSTROM, CFA, CFP is a financial advisor and also Head of Institutional at Swan Bitcoin. His opinions on regulation of the Internet monopolists have been published in The Economist, and his opinions on Bitcoin have been published in The Wall Street Journal. In addition to the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) credentials, he holds a Bachelor of Arts in Economics, Magna Cum Laude and Phi Beta Kappa, from Williams College. Find out more about Andy at AndyEdstrom.com.

Customer reviews

4.6 out of 5 stars
4.6 out of 5
227 global ratings
One of the better ones on the topic, but ...
4 Stars
One of the better ones on the topic, but ...
The book is very nicely structured but fails to approach the topic from first principles, and as such there are no real conclusions. The author falls back on historical definitions of money, which even in their time (1876) only described commodity money. The latter was at no point a relevant way for economic activity at scale. The technology for that has always been ledger. Simple observation also shows that default ‘medium of exchange’ has been bytes for decades. In that sense bitcoin (BTW: the lower-case ‘b’ differentiates the mining reward from the blockchain) is the same as 97% of all fiat in circulation. The difference is that the former exists on a public ledger while the latter - with the exception of cash - is currently solely controlled by private ledgers, which is likely to change inside of five years by the entrance of central bank digital currencies. The sole function of money is unit of account (the use cases are lending and spending). And that is why you see the translation of BTC into $ in your wallet. Discussing the “goodness” of money is like discussing if credit cards are evil; both are just technologies. And as technology money’s utility (not: value) is derived from its network effect. At the time of this writing there are still more physical dollars in circulation outside of the US than the entire market cap of BTC. That said, bitcoin is “money of last resort” if all fiats should fail. The last fiat standing would likely be USD, so your holdings of BTC should reflect your confidence in the US Dollar failing. It is definitely not zero percent, but it is also not close to fifty percent.
Hide
Thank you for your feedback
Sorry, there was an error
Sorry we couldn't load the review

Top reviews from the United States

"golfinho"
5.0 out of 5 stars Thoughtful, Well Reasoned, Well Researched Case for Bitcoin - Pre-Covid
Reviewed in the United States on March 2, 2021
Verified Purchase
Without selling, Andy does an excellent job of taking readers through the case for the hard digital currency, Bitcoin. Well written and organized, Why Buy Bitcoin defines what money actually is and creates a 14 point rating system for fiat currency, gold and Bitcoin. With 12 years under its belt and a market cap approaching $1T (that's now - when the book was written it was about $150B), Bitcoin gets high marks today and better ones likely in the future as adoption increases. This 2020-21 cycle supports the book's premise -- and underlines why you need to understand and pay attention.
One person found this helpful
Helpful
 Report
Connor
5.0 out of 5 stars One of the best Intro-To-Bitcoin Books that I've read
Reviewed in the United States on March 18, 2021
Verified Purchase
As a bitcoiner since 2017, I am constantly looking for good introductory books to help teach individuals about Bitcoin. Although I constantly rely on The Bitcoin Standard by Saifedean Ammous, I've found it's not accessible for everybody.

Why Buy Bitcoin by Andy Edstrom has now moved to the top of my list in terms of books I will recommend to newbies. Not only does it hit on the ever important topic "What is Bitcoin?" but Andy's financial advisory background really offers a unique lens on the space, and also talks through the investment thesis behind bitcoin.

Simply put, this is one of the best intro-to-bitcoin books I've ever read. If you have even a basic understanding of financial concepts (like inflation or interest rates) this book is a great starting point for you
Helpful
 Report
MJB
5.0 out of 5 stars Essential Book about Bitcoin
Reviewed in the United States on November 19, 2021
Verified Purchase
We live in unprecedented times regarding modern monetary theory and monetary policy. We are also on the cusp of a new era in regard to money, banking and the monetary system. This book helps lay out the case for what money is, how it’s changing, and why bitcoin is here to stay. Andy has an uncanny ability to simplify complex financial and technical concepts. If you’ve ever been on the fence about buying bitcoin - this book is for you.

I have no doubt in my mind that Andy Edstrom’s book will be considered a classic and a must read.
Helpful
 Report
kameir
4.0 out of 5 stars One of the better ones on the topic, but ...
Reviewed in the United States on February 5, 2021
Verified Purchase
The book is very nicely structured but fails to approach the topic from first principles, and as such there are no real conclusions. The author falls back on historical definitions of money, which even in their time (1876) only described commodity money. The latter was at no point a relevant way for economic activity at scale. The technology for that has always been ledger. Simple observation also shows that default ‘medium of exchange’ has been bytes for decades. In that sense bitcoin (BTW: the lower-case ‘b’ differentiates the mining reward from the blockchain) is the same as 97% of all fiat in circulation. The difference is that the former exists on a public ledger while the latter - with the exception of cash - is currently solely controlled by private ledgers, which is likely to change inside of five years by the entrance of central bank digital currencies. The sole function of money is unit of account (the use cases are lending and spending). And that is why you see the translation of BTC into $ in your wallet. Discussing the “goodness” of money is like discussing if credit cards are evil; both are just technologies. And as technology money’s utility (not: value) is derived from its network effect. At the time of this writing there are still more physical dollars in circulation outside of the US than the entire market cap of BTC. That said, bitcoin is “money of last resort” if all fiats should fail. The last fiat standing would likely be USD, so your holdings of BTC should reflect your confidence in the US Dollar failing. It is definitely not zero percent, but it is also not close to fifty percent.
Customer image
kameir
4.0 out of 5 stars One of the better ones on the topic, but ...
Reviewed in the United States on February 5, 2021
The book is very nicely structured but fails to approach the topic from first principles, and as such there are no real conclusions. The author falls back on historical definitions of money, which even in their time (1876) only described commodity money. The latter was at no point a relevant way for economic activity at scale. The technology for that has always been ledger. Simple observation also shows that default ‘medium of exchange’ has been bytes for decades. In that sense bitcoin (BTW: the lower-case ‘b’ differentiates the mining reward from the blockchain) is the same as 97% of all fiat in circulation. The difference is that the former exists on a public ledger while the latter - with the exception of cash - is currently solely controlled by private ledgers, which is likely to change inside of five years by the entrance of central bank digital currencies. The sole function of money is unit of account (the use cases are lending and spending). And that is why you see the translation of BTC into $ in your wallet. Discussing the “goodness” of money is like discussing if credit cards are evil; both are just technologies. And as technology money’s utility (not: value) is derived from its network effect. At the time of this writing there are still more physical dollars in circulation outside of the US than the entire market cap of BTC. That said, bitcoin is “money of last resort” if all fiats should fail. The last fiat standing would likely be USD, so your holdings of BTC should reflect your confidence in the US Dollar failing. It is definitely not zero percent, but it is also not close to fifty percent.
Images in this review
Customer image Customer image
Customer imageCustomer image
5 people found this helpful
Helpful
 Report
Amazon Customer
5.0 out of 5 stars Bitcoin is a Journey, Not a Destination.
Reviewed in the United States on June 6, 2021
Verified Purchase
Andy Edstrom's "Why Buy Bitcoin" is a thoughtful and measured review of an emerging monetary technology that is changing the world. Andy has a distinct ability to make this material approachable to all readers but those with a financial background may find it especially accessible. I would encourage one to take the time to read this work but with one request: Ignore anything that you have seen on any mainstream media and read this book as if this is the first time you have ever heard of Bitcoin. If you succeed in that challenge, I would say the odds are you will be thinking more about Bitcoin than ever before and will want to learn about this new form of money nonstop. Enjoy!
Helpful
 Report
Robert, NYC
5.0 out of 5 stars MUST BUY book if you want to know about bitcoin & our monetary system
Reviewed in the United States on March 19, 2021
Verified Purchase
I own bitcoin, but I wasn’t knowledgeable on the subject. Looked at different books on the subject & this one caught my eye with so many positive reviews on Amazon. So glad I bought it. Informative , easy to understand. Particularly like the many examples that he gives which made difficult subjects easy to comprehend. Just finished reading it & will now give it to my wife because she is always saying “why did you buy bitcoin- be careful “. Maybe after reading this book my wife will see that my investment decision was rational & most important of all PROFITABLE.
Helpful
 Report
Ben Davenport
5.0 out of 5 stars Very accessible and thorough investment case for Bitcoin
Reviewed in the United States on January 9, 2020
Verified Purchase
I may have found my new favorite entry-level book to give to people who are interested in Bitcoin. It's written in an approachable conversational tone, making it a quick, compelling read. While Saifedean Ammous's "The Bitcoin Standard" is the bible, it may not be the right FIRST book for someone still considering a bitcoin investment. This book captures just enough of the important aspects of Austrian monetary theory to understand the question of "Why Bitcoin?" And importantly, it does it from the personal perspective of someone who worked in finance for a decade before realizing he didn't actually really understand money. It also treats Bitcoin practically from an investor's perspective in terms of portfolio construction, which most of the more theoretical books do not do. Highly recommended.
2 people found this helpful
Helpful
 Report

Top reviews from other countries

Richard
5.0 out of 5 stars One of the 1st books you should buy, right after you bought your bitcoin
Reviewed in Canada on January 20, 2021
Verified Purchase
The price of Bitcoin caught my attention as it was featured in the news mid Nov 2017, compelled I asked myself "What is this". I've since read almost a dozen books, all of them very good on the subject matter they covered. Being in this space for over the last 3 years so many people get caught up in price, but here is where Why Buy Bitcoin set itself apart from the others. It really helped me to understand the value of what I had invested in.

A polymath, Andy Edstrom took such broad subject matter and broke it down into concise concepts in his fantastic and accessible read - Why Buy Bitcoin.
Thank you!
Report
charles morris
5.0 out of 5 stars A bitcoin book for grown ups
Reviewed in the United Kingdom on January 8, 2021
Verified Purchase
This is a great read for the many that need to get up to speed on the macro economic case for Bitcoin. It is well researched and very readable. I gave five stars because of that but I didn’t agree with everything. A bit harsh on gold, while the coin remains unproven in polite circles. Obviously one sees the direction of travel, but still a huge amount of work to be done. That said, Andy presents a strong case. Such an easy and enjoyable read, I strongly recommend it.
One person found this helpful
 Report
Dr. Hayek
5.0 out of 5 stars Risk/Reward
Reviewed in Germany on March 25, 2020
Verified Purchase
One of the best Bitcoin Books regarding the investment case and the asymmetric risk/reward.
Report
Daniel
5.0 out of 5 stars Cult Classic Alert!
Reviewed in France on February 13, 2020
Verified Purchase
Yep, I am calling it right now, this book will become a cult classic in the Bitcoin community over the next few decades to come!

The author's background from traditional finance mixed with his humility and humble approach to the subject of money, economics and Bitcoin makes this book a 'page-turner', a term generally saved for fictional books!

Andy Edstrom has somehow managed to take a very complex subject and turn it into everyday language that everyone can understand. Learn facts about 'money' that you should have been taught in school and why we need to redefine what money is.

More importantly, discover what Bitcoin is and how it could transform not only your life but the lives of the generations who will follow you.

As someone who had already fallen into the Rabbit Hole of Bitcoin, I wondered if there was much I would learn from this book. Believe me, there are tons of lessons in here that I am so grateful for.

I fully recommend this book to anyone and hope it transforms your life!

Thank you to the author Andrew Edstrom - You're so money.
One person found this helpful
 Report
Amazon Customer
5.0 out of 5 stars Absolute beauty of a book!
Reviewed in the United Kingdom on November 17, 2021
Verified Purchase
This is an outstanding book and truly the best and clearest introduction of Bitcoin.
This book spends just the right amount of time on the technical side for a newcomer.
Reading this book might just change your life for the better.
Report