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The most comprehensive and rigorous professional guide to Bitcoin investing ever written.

Evaluate, value, and allocate to Bitcoin with institutional discipline.

Timothy F. Peterson, CFA, CAIA

✓Know what Bitcoin is worth, how it behaves, and how much to own.
✓Judge Bitcoin with evidence — not headlines, hype, or ideology.
✓Every essential valuation framework in one authoritative volume.
✓Built for fiduciaries, analysts, advisors, and serious investors.

A Look Inside

977 pages. 61 chapters. Seven parts covering digital money foundations, Bitcoin network design, monetary economics, institutional valuation frameworks, portfolio and risk management, macroeconomic applications, and a systematic refutation of every persistent institutional objection.

Set in Garamond. Printed on laid stock. A book built for the working shelf.

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What This Book Does

Helps professional investors clearly understand sources of value, elements of risk, portfolio role, and implementation considerations.

Instead of relying on headlines, price charts, or promotional claims, readers get a disciplined way to judge Bitcoin with evidence. Major scientific and economic frameworks are brought together so investors can understand and evaluate:

What Bitcoin is and why it has value
Whether fixed supply can support durable monetary value
Protocol risk, custody risk, exchange risk, and governance risk
How network growth, adoption curves, and monetary design support valuation
What price, value, utility, and liquidity imply for position sizing
How Bitcoin changes portfolio construction and risk budgeting
How to justify the decision for clients, committees, and fiduciaries

Who This Book Is For

Investors & Asset Managers
Evaluate Bitcoin using monetary economics, network science, portfolio theory, and investment policy.

Bankers & Financial Professionals
Answer what Bitcoin is, why it matters, what it is worth, how much to own, and how to defend the allocation.

Developers & Technologists
Evaluate Bitcoin through evidence instead of promotion, ideology, or speculation.

Students & Instructors
The tools, language, and judgment to act with professional asset manager discipline.

About the Author

Timothy F. Peterson, CFA, CAIA, is a recognized and leading global authority on Bitcoin investment and valuation. With 30 years of institutional asset management experience, he brings Wall Street discipline to digital assets. Peterson authored the first peer-reviewed methodology for valuing Bitcoin using Metcalfe’s Law, helping establish network economics as a serious framework for Bitcoin valuation. His research has been accessed by investors in more than 100 countries. SSRN ranks him among the top 0.2% of authors worldwide across all topics.

His insights have appeared in Forbes, Newsweek, Yahoo Finance, CoinDesk, and Cointelegraph. He holds degrees in finance and economics from the University of Colorado and has completed the program on Investment Decisions and Behavioral Finance at the Harvard Kennedy School of Government.

The institutional toolkit to understand what Bitcoin is worth, how it behaves, how much to own, and how to defend the decision.

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