Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe walks through the Fed and Treasury Department's new BTFP facility to prop up bank liquidity, how it functions a a hybrid between repo and QE, and what impact it's likely to have on asset prices given the stimulative nature of valuing devalued collateral at par. New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday. This video is brought to you by Passport, a Bitcoin hardware wallet by Foundation Devices. Use promo code BITCOINLAYER for $10 off your Passport at http://thebitcoinlayer.com/foundation. Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitcoinLayer Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Subscribe and turn on notifications for TBL on YouTube. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 781268 #TheBitcoinLayer #JoeConsorti #QE #Quantitative #Easing #FED #Bank #Reserve ##Crash #Market #Inflation #Hikes #Rates #Markets #Update #Bitcoin #BTC #Treasuries #Correlation #Market #Recession #Currency #Macro #Analysis #Investment #News #Finance #Economics #Education The Bitcoin Layer and its guests do not provide investment advice.

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