Understanding Crypto Fundamentals: Value Investing in Cryptoassets and Management of Underlying Risks

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023

T. JeegersUnderstanding Crypto Fundamentalshttps://doi.org/10.1007/978-1-4842-9309-6_5

5. Birth of a New Asset Class

Thomas Jeegers¹  

(1)

Vienna, Austria

 

I’ve been working on a new electronic cash system that’s fully peer-to-peer with no trusted third party.

—Satoshi Nakamoto

While the first part of the book covered why cryptoassets are worth understanding, this second part dives into what they are in more detail. This chapter introduces how the first cryptoasset came to life, why it was meaningful, and what followed.

Genesis of the First Cryptoasset: Bitcoin

Amid the largest financial crisis since the Great Depression of the 1930s, the financial system’s stability ...