Understanding the economics of money helps us understand and appreciate Bitcoin and the technology behind it. Many people lost their investments in cryptocurrency crash of 2018. Rather than being guided by fear and greed, better investment choices come from fundamental understanding of the industry. Bitcoin has been called the greatest wealth redistribution in the history, the greatest scam in the history, fool's gold, digital gold, a massive pump-and-dump scheme, and many more. In order to provide reader with a holistic picture of this multifaceted technology in today’s monetary environment, this book discusses the following topics: • Concept of money • History of money • Failure of monetary systems • Need for bitcoin and how it solves existing monetary problems • Blockchain technology, how it works and its potential • Mining of bitcoin • Bitcoin valuation • Bitcoin as an investment • Limitations of bitcoinIt is author’s goal to furnish the reader with foundational knowledge regarding the monetary evolution and importance of bitcoin in this spectrum.