CSC139 - Understanding Bitcoin & Global Capital Markets
7496118
Delivery Options
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Course Description
Digital currencies are transforming the financial landscape. This course will provide a framework to help you understand how traditional finance interacts with emerging assets. Learn how Bitcoin fits into the broader world of capital markets and its growing influence on global finance and policies. Whether you are a finance professional, investor, or simply curious about the future of money, gain knowledge and tools to navigate the evolving digital economy with more confidence.
Course Outline
Capital and Money
- Standard story vs anthropologists’ notions concerning the evolution of money
- History of mediums (monies) used for trade
- Introduction to state-issued currency
- Attributes and definitions of money and capital, from Aristotle to Saylor
- Comparison of bitcoin to gold, USD, and other currencies
Capital Markets
- Purpose & scale of modern capital markets
- Real economy’s relationship with financial markets
- Modern Finance Fundamentals: interest rates, yield curve, debt vs equity
- Modern Financial Theory: MPT, CAMP, EMH
- Modern Government Policy tools of the federal reserve and treasury
- Preconditions for capital markets: Legal framework (private property), liquidity
Government Economic Policy
- History of fiat and government debt
- Banking policy & fractional reserve banking
- Printing, deficits, devaluation, wages
- Reserve currencies throughout history and modern currency policy
- Global & inter-generational economic malaise
Bitcoin’s Genesis & Architecture
- History of bitcoin, from cryptographers to cypherpunks to Satoshi to Silk Road to Saylor
- Underlying philosophy and ethos
- Features of bitcoin architecture including blockchain, mining, difficulty adjustments and halving features
- Differentiation between bitcoin as money (token), bank vault, and economic policy
- Purchasing, storing, and transferring basics
Bitcoin Treasury Companies
- Profitability of bitcoin mining
- The mining versus purchasing decision
- Premise and profitability of bitcoin treasury company strategy
- Risks and mitigants of treasury strategy
- Case Study Discussion: MicroStrategy & associated securities
Bitcoin & Global Capital Markets
- Comparison of bitcoin as a money, bank, and policy relative to competitors
- Preconditions for bitcoin’s success
- Risks and mitigants to industry
Recommendations
- If you need registration assistance or would like to enroll after online registration has closed, please call 214-768-2273 or contact smuthink@smu.edu.
- Register early to secure your spot, using the SMU CAPE Student Portal. Please be aware that insufficient enrollment may cause course cancellation.
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