Nik Bhatia is the author of Layered Money and The Bitcoin Age. In this episode, we discuss the structure and evolution of the modern financial system, how banks run the world and why understanding liquidity is essential to grasping Bitcoin’s place in the world. We also get into the Eurodollar system, the coming end of quantitative tightening, the behavioural vs mechanical impact of QE, and how the credit system could coexist with Bitcoin. THANKS TO OUR SPONSORS: IREN: https://www.iren.com/  RIVER: https://river.com/wbd CASA: https://casa.io/ LEDGER: https://www.ledger.com/ ANCHORWATCH: https://www.anchorwatch.com/ FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Nik Bhatia: https://x.com/timevalueofbtc