Treating bitcoin from the point of view of Austrian economics, Saifedean Ammous’ The Bitcoin Standard relates bitcoin to the theory of the market economy as a whole. Bitcoin is not necessarily an alternative to gold, but can function as a global reserve currency and disrupt the role of central banks. Though the book is entertaining and enlightening, there are some aspects of monetary theory, monetary history, and the theory of banking that warrant critique. Overall, Ammous has succeeded in producing a book that clearly demonstrates the possible usefulness of bitcoin under present conditions.