Investing in Blockchain companies is no different from investing in any other industry. To succeed, you need a thorough understanding of the space you plan to be in before you even think of allocating any capital toward a particular project or asset. It is not an accident that “do your own research” has become more and more of a chant for the Crypto niche in the Blockchain industry, over time. Following this mantra is what leads to rational investing and trading in any sphere. Below, we have compiled a list for you of what we believe are the must read books for any aspiring Blockchain and Crypto investor.
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
by Chris Burniske and Jack Tatar
Of all of the books about Blockchain, this book often comes up as an excellent guide to the entirely new and rapidly emerging asset class of Cryptocurrencies from industry experts. It gives a broad overview of the state of digital assets and is highly recommended if you want to understand where the financial world is moving to. If you’ve been in crypto for a while, it may also be a great review of the history of Cryptocurrencies, while if you’re new, you will gain valuable insights into investing in this space. On the road to making all of this clear, Burniske and Tatar highlight how to spot quality Cryptoassets, avoid hype and fraudulent projects, and compose and balance your portfolio. Cryptoassets is a must-read for beginning crypto-enthusiasts and experienced capital market investors alike who want to learn a portfolio strategy backed by the opinions of industry experts.
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
by Nathaniel Popper
This book has been treated as if it were the Bitcoin bible of sorts by many in the space. It is not difficult to find in any group of cryptophiles a handful of investors and traders who got their start in the space with this work and there is a reason for that. Nathaniel Popper followed the movers and shakers in the early days of the Bitcoin space in order to compile the definitive history of it in an engaging fashion. Here, with Popper’s engaging style of writing, it is fairly easy to understand the how and why of the rise of Bitcoin and the blockchain industry. This work is often considered as one of the first blockchain investment books that you should read before you dive deeper into a more technical analysis of the industry. Think about it like getting your feet wet before diving into the Crypto space.
The Internet of Money
by Andreas M. Antonopolous
If you are not already familiar with Andreas Antonopolous, then you should be. This particular book does an excellent job of answering the question of why Bitcoin has brought about a financial and technical revolution, with a potential that exceeds its original label of being a “digital currency.” In doing so, Andreas shows us how the rise of Bitcoin may be equated with the rise of the Internet. If one central theme can be taken from this work, it is that Blockchain is fundamentally changing our approach to solving problems of all kinds in all areas, due to its status as a decentralized technology.
Mastering Bitcoin: Unlocking Digital Currencies
by Andreas M. Antonopolous
Andreas did not stop at one seminal work for this space. In order to fully understand Crypto’s beginnings and possible future, you need to read both this and The Internet Money. The general utility of Mastering Bitcoin lies in the fact that programmers in the industry often consider it to be the best book on blockchain out there, from a technical standpoint. More specifically, if you want to understand anything with regard to how Cryptocurrency networks are programmed, then you should start here. As Bitcoin was the father of Cryptocurrencies, its code was effectively the father of the code of those who came after. Because of this, in a deep, technical sense, this may be the best book on Blockchain out there.
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
by Paul Vigna and Michael Casey
The book dives into the questions of the ideological and technical roots of Cryptocurrencies from the point of view of journalists who have an extensive amount of experience in the financial industry. Vigna and Casey demystify the origins and functions of Cryptocurrencies, concluding with the central hypothesis that we will soon reach the age of a cyber-economy. Given this, one could also term this a guide to surviving in such a time. Along the way to reaching these conclusions, they take an unbiased view of the space, starting with Bitcoin, which may be particularly attractive to those of you who enjoy getting a balanced opinion on a new investment. Even though it is not necessarily the best book on Blockchain technology on a technical level, it is possibly the best for those looking for more of a history around the industry’s rise.
The Bitcoin Standard: The Decentralized Alternative to Central Banking
by Saifedean Ammous
The Bitcoin Standard may be considered to be on the top of the list of Blockchain investment books to read, just like the others. Chiefly, this is because it deeply analyzes the historical context of the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. Ammous recaps the history of technologies performing the functions of money, starting from primitive shells to modern government debt. With this background in place, he moves on to explain the operation of Bitcoin in a functional and intuitive way. Also, the book explores some of the most common questions like Is bitcoin wasting energy? Is it for criminals? Who controls it? Can it be killed?
Reminiscences of a Stock Operator
by Edwin Lefèvre
First published in 1923, while this is not a Blockchain book, this time tested book represents a brilliant take on crowd psychology and market timing, which is why we believe it is a must-read for all investors, whether new or experienced. Overall, regardless of the fact that Cryptocurrencies and Blockchain represent a new industry entirely, the advice contained in Lefèvre’s work is timeless, simply due to how people think about investing.
The Intelligent Investor: The Definitive Book on Value Investing
by Benjamin Graham
While this is not typically considered to be one of the best Blockchain or Crypto books, per se, Graham’s philosophy of ‘value investing’ is essential for any investor to know. In a nutshell, its utility lies in the fact that it helps investors mitigate against substantial errors in their strategies, while teaching them to develop long-term strategies. Graham’s vision has made this book the stock market bible ever since its original publication in 1949. This particular work is also widely renowned for the praise it received from Warren Buffett himself. Do a quick Google search anywhere for the best blockchain investing books and you will find this in almost every list compiled. While this may not be one of the typical best blockchain investment books to read, it is essential, especially for those coming into this new industry with little to no investment experience. Just as Digital Gold is a kind of Bitcoin bible, consider this to be a useful candidate for a general investing bible.
An Altcoin’s Trader’s Handbook
by Nik Patel
The book details 5 years of experience of a specific cryptocurrency trader and his efforts in putting together what he claims to be a comprehensive strategy for profitable altcoin speculation. The first part is centered around his personal life. The second hones in on practical trading strategies, including fundamental and technical analysis, with detailed charts and extra notes to illustrate key points. While this may not lie under the umbrella of books about blockchain, it will perfectly fit your needs if you are a trader interested in Altcoins with small market capitalizations. Even so, it is important to mention here that with any work that claims to provide insider information on investing, it is necessary to verify these claims with your own external research.
In the end, we hope that this list of books on blockchain investments starts you on your journey to being a confident Crypto investor. Remember that doing your own research does not stop here. This is only the beginning. Last but not least, if you find any Crypto or Blockchain book that you think deserves to be here, let us know.
Originally published at Kepler Finance Blog.