The dynamics of a simple autonomous jerk circuit previously introduced by Sprott in 2011 are investigated. In this paper, the model is described by a three-time continuous dimensional autonomous system with an exponential nonlinearity. Using standard nonlinear techniques such as time series, bifurcation diagrams, Lyapunov exponent plots, and Poincaré sections, the dynamics of the system are characterized with respect to its parameters. Period-doubling bifurcations, periodic windows, and coexisting bifurcations are reported. As a major result of this work, it is found that the system experiences the unusual phenomenon of asymmetric bistability marked by the presence of two different attractors (e.g., screw-like Shilnikov attractor with a spiralling-like Feigenbaum attractor) for the same parameters setting, depending solely on the choice of initial states. Among few cases of lower dimensional systems capable of such type of behavior reported to date (e.g., Colpitts oscillator, Newton–Leipnik system, and hyperchaotic oscillator with gyrators), the jerk circuit/system considered in this work represents the simplest prototype. Results of theoretical analysis are perfectly reproduced by laboratory experimental measurements.