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The Rise of Bitcoin

  • Henri Arslanian
  • Fabrice Fischer
Chapter

Abstract

Context is critical to understanding the creation of Bitcoin. In 2008, the world was in the midst of the greatest financial crisis since the Great Depression. The prestigious 164-year-old investment bank Lehman Brothers filed for bankruptcy and American International Group (AIG), the biggest insurer in America, had to be bailed out with a US$85 billion loan by the New York Federal Reserve Bank.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Henri Arslanian
    • 1
  • Fabrice Fischer
    • 2
  1. 1.University of Hong KongHong KongHong Kong
  2. 2.Blu ltdHong KongHong Kong

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