@cliffbjanger

Bitcoin Revolutionizes Corporate Finance | Michael Saylor

The Bitcoin Layer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Michael Saylor to discuss bitcoin in relation to government debt. Michael shares the importance of upcoming accounting changes that will allow corporations to build bitcoin endowments, a fundamental shift in treasury management of operating companies. Michael also shares his thoughts on spot ETFs, systemic inflation, and long-term bitcoin adoption.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com
Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer
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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

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#TheBitcoinLayer #NikBhatia #MichaelSaylor #Saylor #MicroStrategy #BalanceSheet #GovernmentDebt #ETF #Bonds #Business #Investments ##Treasuries #Sovereign #SovereignDebt ##ReserveCurrency #SoundMoney #Savings #Save #Gold #Digital #Commodity #Currency #Assets #YieldCurve #Property  #USTreasury #TreasuryBills #JacksonHole #BalanceSheet #BalanceSheets #LowRisk #Long #Short #Markets  #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@emcot

WARNING: The US Economic Endgame Is Here

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses the rapid yield spike, yield curve uninversion, and why the market believes the Fed will cut rates sooner rather than later. 

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #Yieldcurve #USTreasury #Collateral #History #Recession #BIPS #UST #MBS #Trillions #Loses #Gains #Morgages #Morgage #Withdrawl #BTFP #Yieldspike #Fiat #Banks #Cash #Deposit # #Interest #Debt #Statistic #Rates #Interest #Expense #Premium #Treasury #Liquidity #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

How To Properly Value Bitcoin | Alex Thorn

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Alex Thorn, head of research at Galaxy. Alex explains how investors are supposed to think about bitcoin valuation, breaks down how institutional adoption is helping to moderate volatility and bring in more stability for bitcoin as payment, and forecasts the driving factors behind bitcoin markets going forward.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #Galazy #BitcoinSupply #Scarcity #Trades #ETF #Broker #OTC #NAV #Glassnode #Liquidity #BTCETH #Bonds #Business #Investments #Treasuries #Sovereign #SovereignDebt #ReserveCurrency #SoundMoney #Savings #Save #Gold #Digital #Commodity #Currency #Assets #YieldCurve #Property #Markets #USTreasury #TreasuryBills #BalanceSheet #LowRisk #Long #Short #Markets #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@mbasola

@poorbengunn

@petar

@dputts

@user633254600626248

Bitcoin ETF Just BEAT The SEC, What's Next?

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe is joined by the inimitable Joe Carlasare, partner at Amundsen Davis & TBL Legal Correspondent. Joe breaks down Grayscale's victory over the SEC, what this means for GBTC and other spot bitcoin ETF applicants, the timetable for when these may be approved, the SEC's plan of delaying until the final deadline for each applicant, the trouble brewing in the SEC v Binance case, and his outlook for bitcoin as we head into a volatile Q4.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #JoeCarlasare #ETC #BlackRock #BitcoinETF #XRP #Ripple #Schemes #Judge #Court #Courtroom #Law #Lawyer #SEC #UnregisteredSecurities #Securities #Sales #Enforcement #RippleLabs #Industry #Investors #Coinbase #Binance #Unlawful #Suit #Sue #Selling #Exchange #Coins #Markets #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@topprox100

Bitcoin 

@spencersteffen

Store Your Bitcoin SECRETLY | Andrew Poelstra

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by Blockstream's Director of Research, Andrew Poelstra. Andrew has released a new book that provides a fascinating offline solution for secret sharing. We discuss how his book works and how it applies to bitcoin storage and verification. Andrew also shares his early motivations for working on bitcoin.

Relevant websites:
Codex32: Shamir Secret Sharing Scheme Book: https://store.blockstream.com/product/codex32-shamir-secret-sharing-scheme-book/
Blockstream Research Twitter account: https://twitter.com/blksresearch

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #Blockstream #Taproot #PUBKey #Scripts #Code #BitcoinKeys #Sidechains #Lightning #LightningNetwork #Scaling #HardwareWallet #BitcoinWallet #Privacy #Signature #Censorship #Cypherpunk #Cryptography #Computer #ComputerScience #PaperComputer #Secrets #Markets #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@user4628034025090812

Wow breaking market!?!!

Is The Treasury Market BREAKING? | Matt Dines

@vittrex

TREASURY MARKET

@vake

Bitcoin Will Challenge Dollar, Not Gold-Backed BRICS Currency

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik discusses the future monetary order. He compares bitcoin, which is almost 15 years old and has the adoption of over 100 million people worldwide, to the idea of a gold-backed currency issued by BRICS, the geopolitical group of China, India, Russia, Brazil, and South Africa. One is real, and the other is imaginary.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #BRICS #Brazil #Russia #India #China #SouthAfrica #ReserveCurrency #Inflation #Futures #Stocks #StockMarket #Yields #USGoverment #Bonds #BondMarket #Volatility #TradingView #Trading #Charts #ChartPack #Debt #Statistic #Rates #Interest #Expense #10year #Premium #Treasury #Global #LiquidityIndex #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@seema

bitcoin

Bitcoin Puked 15% — Here's Why

@aceackerman

The Corporate, CRE, and AirBNB Debt Timebomb

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. The era of easy money is over — for borrowers the world over, it's time to sell assets or downsize to operate at higher rates. Anything to avoid default.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #AirBnb #Property #Banks #Corporate #OfficeSpace #CorporateDebt #JunkBond #Inflation #Futures #Stocks #StockMarket #Yields #USGoverment #CRE #Bonds #BondMarket #Volatility #TradingView #Trading #Charts #Debt #Statistic #Rates #Interest #Expense #Premium #Treasury #Global #Liquidity #LiquidityIndex #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@dredgefund808

The Airbnb Bubble Burst

@dsmkmplxx

Unapologetic Capitalism Drives Human Flourishing | Saifedean Ammous

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by author and economist Saifedean Ammous. @saifedean  teaches us the principles of economics from his latest book and attributes human flourishing to our capitalistic system. Nik asks Saifedean about the general idea of owning stocks versus owning government bonds and why trade brings about peaceful interaction.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit River.com and start buying today, or visit https://river.com/TBL for $20 in free bitcoin when you purchase $1,000.

Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.

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/TheBitco...
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

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#TheBitcoinLayer #NikBhatia #JoeConsorti #SaifedeanAmmous #BitcoinStandard #TheBitcoinStandard #Capitalism #Capitalist #Economics #AustrianEconomics #Markets #Labor #Saving #Energy #Trading #FreeMarkets #Taxes #PrivateProperty #SecurityDefense #Government #Gov #Civilization #Productivity #War #Wars #SEC #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro 

The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise

@cwilbzz

@blizzah

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Raj Wadhwani, a bankruptcy attorney based in California. Raj explains to us how bankruptcies are spiking both for consumers and small businesses, and why he thinks that inflation, student loans, personal loans, and high interest rates are combining to create a tornado of problems in the economy.

Follow Raj Wadhwani: https://www.wslaw.com/meet-our

Bankruptcy Attorney: Busiest I’ve EVER BEEN

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses the rapid yield spike, yield curve uninversion, and why the market believes the Fed will cut rates sooner rather than later. 

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you si

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Alex Thorn, head of research at Galaxy. Alex explains how investors are supposed to think about bitcoin valuation, breaks down how institutional adoption is helping to moderate volatility and bring in more stability for bitcoin as payment, and forecasts the driving factors behind bitcoin markets going forward.

New YouTube videos M/W/F — New Subst

@joeconsorti on Fountain

Fountain

Podcastindex.org

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by Michael Saylor to discuss bitcoin in relation to government debt. Michael shares the importance of upcoming accounting changes that will allow corporations to build bitcoin endowments, a fundamental shift in treasury management of operating companies. Michael also shares his thoughts on spot ETFs, systemic inflation, and long-term bitcoin adoption

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik walks us through the implications for bitcoin if we enter a global recession. We start with a quick recap of what's happening around the global economy, what central banks might be doing over the next year, and examine if bitcoin is positioned to benefit or not during that time horizon.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is

Bitcoin's First Recession: What Will Happen?

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa correspondent Noelyne Sumba is joined by Hermann Vivier. Hermann Vivier, a multifaceted personality and surf coach, educator, teacher, and organizer of Bitcoin Ekasi. Discover how the circular economy is taking shape around Bitcoin in South Africa, and gain valuable insights into the country's democracy and governance. Hermann also shares his inspiring 

South Africa's Circular BITCOIN Economy | Hermann Vivier

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik summarizes the latest developments in financial markets and the global economy. He discusses the strong readings in the US services sector that is challenged by terrible mortgage applications and a weakening consumer. Also covered are Europe's ugly recession and China's property sector defaults which both bring the danger of dollar strength.

New YouTube video

Dollar Strength Bringing DANGER To Markets: Here's Why.

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe is joined by the inimitable Joe Carlasare, partner at Amundsen Davis & TBL Legal Correspondent. Joe breaks down Grayscale's victory over the SEC, what this means for GBTC and other spot bitcoin ETF applicants, the timetable for when these may be approved, the SEC's plan of delaying until the final deadline for each applicant, the trouble brewing in the SEC v B

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 how 45% of federal student loan borrowers expect to go delinquent once payments resume in October, and the crushing impact it very well may have on consumer spending, and by extension, US economic activity.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://riv

Student Loan Payments Will CRUSH The Economy

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by Blockstream's Director of Research, Andrew Poelstra. Andrew has released a new book that provides a fascinating offline solution for secret sharing. We discuss how his book works and how it applies to bitcoin storage and verification. Andrew also shares his early motivations for working on bitcoin.

Relevant websites:
Codex32: Shamir Secret Sharin

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by Build CIO Matt Dines. Matt walks us through the epic bear market in Treasuries and projects that investors are approaching yield levels that will bring portfolios a lot of pain. Nik asks Matt to explain why the 3-month/6-month Treasury bill curve is inverted and what it means for markets.

New YouTube videos M/W/F — New Substack posts T/R/S

The B

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. Was it Elon dumping all that SpaceX owns? Was is a high amount of leverage? Was it BTC following the move in stocks? A little bit of all 3 with some shady business going on behind the curtains, Joe breaks it all down.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying 

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik discusses the future monetary order. He compares bitcoin, which is almost 15 years old and has the adoption of over 100 million people worldwide, to the idea of a gold-backed currency issued by BRICS, the geopolitical group of China, India, Russia, Brazil, and South Africa. One is real, and the other is imaginary.

New YouTube videos M/W/F — New Substack posts

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. The era of easy money is over — for borrowers the world over, it's time to sell assets or downsize to operate at higher rates. Anything to avoid default.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign 

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik takes us on a tour across asset classes. He examines the price action and behavioral impulses of buyers and sellers for US Treasuries, bitcoin, ETH vs BTC, the stock market, volatility, and oil.New YouTube videos M/W/F — New Substack posts T/R/SThe Bitcoin Layer is brought to you by River and Foundation Devices.Visit https://river.com and start buying today, o

7 CHARTS TO WATCH: Stocks, Bonds & Bitcoin

7 CHARTS TO WATCH with Nik Bhatia

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by author and economist Saifedean Ammous. @saifedean  teaches us the principles of economics from his latest book and attributes human flourishing to our capitalistic system. Nik asks Saifedean about the general idea of owning stocks versus owning government bonds and why trade brings about peaceful interaction.

New YouTube videos M/W/F — New Substa

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa correspondent Noelyne Sumba is joined by Nikolai Tjongarero (Okin). Okin is the visionary founder of okinent.com. They delve into the world of Bitcoin in Africa. Discover the innovative ways to earn and utilize Bitcoin through content creation, encompassing realms like music, podcasts, art, and beyond. As an esteemed educator and content creator, Okin p

Bitcoin Is Reshaping Namibia's Commerce | Okin

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by River Founder and CEO Alex Leishman. Alex takes us through his bitcoin journey, starting in 2012, and explains his path toward starting River and about his mission to onboard in the easiest and safest way possible. Nik asks Alex about the state of Lightning Network, what he's optimistic about regarding bitcoin adoption, and some of his cypherpunk 

Cypherpunks & Lightning Network | Alex Leishman

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, we are joined by Custodia Bank Founder and CEO, Caitlin Long. Caitlin explains why FedNow is a technology upgrade but not a CBDC, and she and Nik explore the theory of stablecoins as an extension of the Eurodollar, or offshore banking, system.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River and Foundation Devices.

Stablecoins Are The New Eurodollar System | Caitlin Long

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik breaks down the latest decision by the Fed to hike rates yet another 25 basis points. He discusses the tight labor market, why the Fed feels no need to pivot whatsoever, and how Powell's Jackson Hole speech in August will set the tone for even more hawkishness.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River a

The Fed Is Playing With FIRE

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Randy Woodward (@TheBondFreak) who is a Fixed-Income Bond Broker at Raymond James Financial. Randy and Joe discuss ODL and other measures of money supply threatening to send US consumer prices into deflation, the Fed's big experiment in doing away with QE and ZIRP after 15 years, and the state of banks as we head into yet another rate hike this 

The Fed's Big Experiment Will End In Tears | Randy Woodward

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe talks to Lawrence Lepard, Investment Manager at Equity Management Associates. They discuss RFK's proposal to back 1% of newly-issued US Treasuries with hard money, what the yield curve signals about the Fed's policy error, the problem of US government interest payments, and what's next for financial markets.

Lawrence's 2nd Quarter Update: https://drive.google

RFK's Bitcoin Proposal, Fed Driving Blind, & Hard Landing Odds with Lawrence Lepard

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down once again with Michael Howell, the Founder and CEO of CrossBorder Capital. Michael delivers a sweeping lecture on global liquidity bottoming, the world economy is already well into recession, why US QT is effectively 'dead', and how stealth QE paired with Chinese easing is having the net effect of supporting global liquidity, and therefore financial

The Fed Is Fueling The 2023 Bull Market | Michael Howell

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa correspondent Noelyne Sumba is joined by Kumi Nkansah. Kumi is an active bitcoin educator and advocate from Ghana and the the founder of Bitcoin Cowries (https://bitcoincowries.com). Kumi describes his journey to bitcoin as a curious technologist, broadcast journalist, and media mogul by trade. He enthusiastically portraits the growing bitcoin circular 

Inflation Is Eating Ghana — Bitcoin Is Fixing It

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, one of the Joes explains yesterday's decision in the SEC v Ripple Labs case very simply to the other Joe, and the implications it will have for whether or not "crypto" is ultimately categorized as a security.

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SEC v Ripple Analysis With Legal Expert Joe Carlasare

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik chronicles the path of inflation from last year's 9% mania to potentially less than 2% by the end of 2023. He explains why there are finally some renewed inflation risks, why disinflation is still the more likely outcome, and goes through the price action in 2-year US Treasuries.

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CPI Now BELOW 3%! What Does It Mean For Rate Hikes?

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with TBL Africa Correspondent Noelyne Sumba to discuss the growing popularity of Bitcoin in Africa, the game changing Lightning Network, and the optimism fueling Africa's economic landscape. She also shares how Bitcoin is reshaping the continent and empowering individuals and businesses alike.

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The

Africa Is Ahead Of The World On Bitcoin Adoption

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. WARNING: Labor Market In Mirror May Be Weaker Than It Appears. In this video, Joe breaks down how the "strong" ADP employment data paired with today's NFP and wage data paints a deceptively strong picture of the labor market, one that the Fed will use as cannon fodder for another ill-fated hike on July 26th.

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"Strong" Labor Market Is Really Just Summertime Bartenders

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik examines the next few months of monetary policy. With yield curves deeply inverting once again and risk markets off to the races, how will the Fed respond? We also identify some key trends in bitcoin and rates.

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Trend Watch: Treasuries & Bitcoin

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this video, Joe takes a break from our regularly scheduled programming to walk through some of his favorite bitcoin-native indicators that add some perspective to where we are at in bitcoin's four-year cycle, and what lies ahead in the next 6-12 months.

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4th of July Bitcoin On-Chain Update

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik breaks down the latest Bank of International Settlements paper that suggests the world move toward CBDCs and tokenized deposits. He discusses the hypocrisy in failing to mention bitcoin, the BIS dream of a unified ledger, and most importantly, why bitcoin is essential for freedom from bank liabilities.

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Bitcoin Will Help You Survive A CBDC Future

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe breaks down the immense losses facing the holders of office mortgages around the world, concentrated mostly in the hands of already-embattled small and regional banks.

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World's Empty Office Buildings Become Debt Time Bomb

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik explains the crowding out effect from US Treasury yields and issuance. He demonstrates why 5% US Treasury yields are altering investment behavior and what it means for over $1 trillion of new securities does to risk-taking and the repo market.

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Billions in New Debt Will Drain Market Liquidity: Here's Why

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik explores Tuur's early bitcoin thesis from 2012, the history of Ethereum as crypto's original snake oil, and Tuur's expectations for bitcoin adoption and price over the coming years.

Follow Tuur Demeester on Twitter: https://twitter.com/TuurDemeester

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Ethereum is the Liar's Index | Tuur Demeester

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe explains BlackRock's proposal for a spot Bitcoin open-ended trust, why its redemption mechanism makes it functionally an ETF, and the likelihood of approval being much higher than previous SEC rejections thanks to its surveillance agreement with the Nasdaq exchange.

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BlackRock Files For A Spot Bitcoin ETF

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik analyzes the latest Fed move to keep rates on hold. He breaks down why the Fed is relying more on headlines than raw economic data, what rates markets are telling us about Fed policy, and the damage caused to the economy by 5% Fed Funds.

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Fed PAUSES! What Does It Mean?

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe is joined by Jeronimo Ferrer, a bitcoin educator focused on educating the Argentine masses. He discusses life in Argentina under double-digit inflation that is now considered normal, cross-currency markets on the streets, and why citizens treat the US dollar like gold.

Follow Jeronimo Ferrer on Twitter: https://twitter.com/paleobit

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Inflation Is Destroying Argentina | Jeronimo Ferrer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Joe Carlasare, a partner at Amundsen Davis and the foremost authority on the crossroads of crypto and law. They discuss all of the charges levied against Binance and Coinbase, the implications of classifying "crypto" as securities, whether or not these businesses can survive on a bitcoin-only model, and why asking for forgiveness rather than for

Unpacking the SEC's Charges Against Coinbase & Binance with Joe Carlasare

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Graham Krizek, the founder and CEO of Voltage a bitcoin company building out infrastructure lightning network. Graham describes his journey to create Voltage and gives his take on the current state of the lightning network ecosystem including the biggest risks, his take on other layer 2 technologies, Voltage's recent partnership with Google Clou

Lightning Network Adoption Pulse with Graham Krizek

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa Correspondent Noelyne Sumba sits down with African teacher and educator Lorraine Marcel to discuss how she is spreading the significance of Bitcoin in the lives of African women, the importance of educating women about Bitcoin, and how Bitcoin can contribute to the growth and prosperity of their community.

Follow Lorraine Marcel on Twitter: https://twi

Teaching BTC In Africa | Bitcoin In Africa with Noelyne Sumba

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik breaks down what's making him so worried about the economy: there's no new money. He runs through interest rates, home prices, and the looming liquidity drain to make his case.

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There Is No New Money

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses how the Treasury is slated to flood the market with over $1 trillion in new bills, severely draining banks of their reserves and potentially sending stocks and bitcoin into a tailspin.

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Debt Ceiling Fallout - Bad News for Risk Assets, Banks

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa Correspondent Noelyne Sumba sits down with South African developer Kgothatso Ngako to discuss how he is leveraging his technical skills to enable bitcoin use without internet access. Kgothatso describes his path to becoming an entrepreneur, how he gleaned inspiration from countries with separation between state and money as he worked to gain financial i

Striving for Financial Independence | Bitcoin in Africa with Noelyne Sumba

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Cognitive Investments Director of Geopolitics Jacob Shapiro. They discuss signs of optimism in US-China relations, Xi Jinping's harsh economic realities, and Taiwan drifting slowly toward China. Jacob also shares his thoughts on India's position as a global tech hub and the latest on the war in Ukraine.

Follow Jacob on Twitter: https://twitter.

Global Update: US-China Relations, India Tech Hub & The War In Ukraine

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik Bhatia sits down with trust attorney and wealth planner Brian Standing to discuss how bitcoin can be utilized in estate planning. We examine self-custody versus custodians, hardware wallets and how to utilize them for multigenerational wealth storage, holding bitcoin in retirement accounts, and Brian shares some philosophical thoughts about bitcoin as the pote

Bitcoin Estate Planning with Trust Attorney Brian Standing

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Fred Thiel joins the show to discuss the future of bitcoin mining through his own lens as CEO of Thiel Advisors and Marathon Digital Holdings (NASDAQ:MARA). Fred discusses Marathon's expansion into the UAE and focus on developing technology for the bitcoin mining industry as a whole.

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The Future of Bitcoin Mining with Fred Thiel

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, 
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Fred Thiel

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe breaks down BRC-20 tokens and ordinal inscriptions. He explains what they are and why they aren't technically shitcoins, why they don't impact bitcoin's ruleset including its 21m supply cap, why this was an inevitability as bitcoin matures and block space is reserved for larger financial transactions, and why this drives capital and innovation to second layers

Bitcoin's Blockchain is Full: A Sign of a Maturing Commodity

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe and Nik sit down with Andy Constan, CEO of Damped Spring Advisors. Andy discusses the behavior of UST rates as the debt ceiling deadline approaches, the Fed's ongoing QT campaign, and the state of his higherer for longerer thesis about the Fed's rate hiking.

Follow Andy on Twitter: https://twitter.com/dampedspring 
Also, check out Andy's website: https://damp

Andy Constan: A Recession Is Not Desired, It's Required

In this episode, Joe and Nik sit down with Checkmate, the Lead Analyst at Glassnode, an on-chain analytics provider. Checkmate discusses trends he's observing using data derived directly from bitcoin's blockchain, including why he believes bitcoin put it a textbook cycle bottom last November.

Follow James on Twitter: https://twitter.com/_Checkmatey_

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Bitcoin Is Building Strength On-Chain | Checkmate

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with David Seroy for a discussion about the evolution of Bitcoin-native interest rates, the Lightning network and other potential scaling solutions, and how these BTC-LN-native interest rates can pave the way for future Bitcoin-native capital and money markets.

Follow Dennis on Twitter: https://twitter.com/Dennis_Porter_

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Bitcoin-Native Interest Rates Are Here | David Seroy

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses how the credit crunch is progressing in the form of further bank failures as the Fed continues QT, bank lending gradually slowing, both as they derisk and fewer businesses demand loans due to higher rates, and how we are entering the phase of businesses defaulting and going bankrupt.

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Crunch Continues: Lending, QT, Businesses & Bank Defaults

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe breaks down how weak 2022 tax receipts contribute to the already-stressful funding situation for the US government as rates remain elevated and a gargantuan maturity wall is on the horizon — he also breaks down how assets prices will behave, and why the US Treasury market is behaving strangely heading into the deadline.

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The Debt Ceiling Doomsday Is Approaching

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik walks through the runs through the popular alternatives to the US dollar, and explains how each of their drawbacks precludes them from displacing it as the world's main reserve currency, while bitcoin holds a lot of promise for the future.

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The US Dollar Isn't Going Away

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Seth and Bitcoin Q+A from Foundation Devices. They break down the mass exodus of bitcoin from exchanges, why more people are starting to take an adversarial approach to how they purchase and store their bitcoin, the serious risks posed to keeping your bitcoin on an exchange, and simple cold storage options that you can start TODAY with nothing b

Exchanges Are Not Safe | Protecting Your Bitcoin 101

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe breaks down how despite bitcoin being created in the wake of the 2008 recession, it hasn't been a mature asset during a major recession yet. He walks through how risk assets perform well during periods where the Fed pauses rate hikes, how bitcoin will behave when the credit stress becomes too much for the economy to bear and the Fed cuts, and what's in store f

Bitcoin's First Big Recession | Here's What Will Happen

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Dennis Porter, CEO and Co-Founder of Satoshi Action Fund to discuss the current state of legislation surrounding bitcoin and bitcoin mining. Dennis shares his thoughts on anti-bitcoin mining bill SB 1751 and drops some key insights on legislative environments in DC and other states.

Follow Dennis on Twitter: https://twitter.com/Dennis_Porter_



Is The US Government Attacking Bitcoin? | Legislation Pulse with Dennis Porter

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with the inimitable Professor Peter St Onge. Peter breaks down the banking crisis and Fed's response, where the credit contraction is headed next, how fractional reserve banking introduces fragility to the financial system, how fully-reserved banks could still prove tenable, and why this is the latest but not last in a long line of bailouts form the 

The Follies of Fractional Reserve Banking | Peter St Onge

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik confirms his belief that we have entered a period of economic recession that started sometime in March. Nik talks through the three signs of this slow down that come in conjunction with the SVB fallout, a loss in confidence in banking system, a credit contraction, and an associated slowdown throughout the rest of the economy.

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3 Signs The Recession Has Started

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses how the recent bank failures are exacerbating the already-tight funding situation for commercial real estate developers who are facing rising rates and vacant property, and how the upcoming gargantuan maturity wall and potential for default could create a feedback look of bank failures are fire-selling of property in the United States.

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A Crisis Is Brewing in Commercial Real Estate

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Joe Carlasare, an advisor at Amundsen Davis and our TBL Legal Correspondent. Joe delivers an excellent discussion about Binance's recent lawsuit from the CFTC, the potential for additional suits by the SEC and DOJ, Justin Sun's various crypto fraud cases, the Ripple x SEC timeline, the recent Well's Notice served to Coinbase, and why it's much e

Operation Chokepoint 2.0 Is Strangling "Crypto" | Joe Carlasare

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL's Energy Correspondent Max Gagliardi returns to the show  to discuss the petrodollar amid news surrounding the transition away from a US dollar-based global oil trade. Max also delivers a variety of different takes on energy, including gas vs oil and the future of natural gas from a geopolitical perspective, and how the American political landscape affects the

The Future of The Petrodollar | Max Gagliardi

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Stacie Waleyko, an open source developer and educator in the bitcoin space. She takes us under the hood of the Bitcoin protocol, explains what BIPs are and how they are used to submit new ideas about how Bitcoin should be improved, and exciting developments happening in Bitcoin development.

Follow Stacie on Twitter: https://twitter.com/satsie



Don't Like Bitcoin? Come & Change It | Open-Source Bitcoin with Stacie Waleyko

Welcome to The Bitcoin Layer, where we analyze bitcoin through a global macro lens.

In this episode, Nik delivers an updated outlook on the market based on recent moves in rates. He breaks down the rapid moves in rates and resteepening of the yield curve, explaining in detail why both of these signals point to lower rates on the horizon.

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Recession & Rate Cuts Are Next, Here's Why.

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, TBL Africa Correspondent Noelyne Sumba sits down with journalist and refugee advocate Meron Estefanos to discuss the struggles that the people of Eritrea have faced since gaining independence and how bitcoin has become a useful tool in her efforts to rescue refugees who fall on hard times while fleeing the country.

Follow Meron on Twitter: https://twitter.com/mer

Bitcoin Is SALVATION For Africa | Meron Estefanos

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 & S

Record Emergency Lending from The Fed, QE Is (Sort Of) Back

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Dan Lawrence of OBM Inc. to discuss the mining landscape. Dan describes his miner management platforms serving North America and the largest mines in the world, the future of bitcoin mining, and how to evangelize Proof of Work while propagandists insist that bitcoin mining is boiling our oceans.

Follow Foreman Mining on Twitter: https://twitter

Bitcoin Mining Evangelism | Dan Lawrence

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe unpacks the Silicon Valley Bank implosion and discusses how the bank's asset mix, hedge strategy, and a myriad of other poor decisions led to the second largest bank failure in U.S. history.

New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday.

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Unpacking The Failure Of Silicon Valley Bank

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Jeff Booth returns to the channel to discuss the network effects of the centralized web and how bitcoin applications can leverage this in applications like Nostr to accrue value for the users forever. Jeff lays out an exciting decentralized landscape and highlights multiple instances where the centralized web could be replaced with free and censorship resistant te

Jeff Booth: The Dawn of Decentralized Web

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro.  In this episode, Joe sits down with Michael Howell, Founder and CEO of CrossBorder Capital and the world's foremost authority on liquidity. Michael delivers an excellent discussion on how the liquidity cycle shifted in October of last year. He discusses the gilt scare in England as a wake-up call for global central banks to play a more active role in their sovereign bond markets,

Liquidity Is Back To Support Markets In 2023 | Michael Howell

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Caitlin Long, Founder and CEO of Custodia Bank, which plans to specialize in digital asset payment and custody solutions for US commercial customers. Caitlin discusses how regulatory bodies have been warned for years that leverage and crypto do not mix, the Ex-Post crackdowns coming in the wake of FTX, and the progress on folding good faith bitc

Don't Mix Crypto & Leverage | Caitlin Long

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses last weeks upside surprise in core PCE inflation, why the Fed's preferred inflation metric gives it clearance to hold higher for longer, and how it, in addition to other robust economic data, is moving the markets to adjust to tighter monetary policy with a lower possibility of easing in 2023.

New YouTube videos every Monday, Wednesday & Friday. New

Stubborn Inflation Is Stirring Up The Market | Markets & Macro Rewind

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Pierre Rochard, VP of Research at Riot Platforms and longtime bitcoin educator. Pierre discusses ordinal theory as a social layer and why bitcoins fungibility is not impacted, what's going on in Lightning, and the latest developments at Riot and across the BTC/LN ecosystem.

Follow George on Pierre: https://twitter.com/BitcoinPierre

New YouTube

Pierre Rochard: Bitcoin Has Never Been More Exciting

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with George Goncalves, Head of US Macro Strategy at MUFG Securities Americas Inc. to discuss the state of financial plumbing, how 5% treasuries yields will affect other assets classes, and why they may be untenable in a very short while for the US Treasury.

Follow George on Twitter: https://twitter.com/bondstrategist

New YouTube videos every Wednes

The US Can't Survive 5% Rates | George Goncalves

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses the shifting regime in cross-asset correlations, why risk assets are rallying and Treasuries are selling off, and the conditions that could potentially change this trend.

New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday.

Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com
Foll

Is Bitcoin's Rally The Start Of A New Bull Market? | Markets & Macro Rewind

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro.In this episode, Nik sits down with Mary Imasuen, a podcast host for BTC Gamer Chat and the Nobcast, and a Bitcoin-Only Gamer. In this episode, Mary discusses bitcoin adoption in Nigeria and across Africa, the new Naira that is being ushered into Nigeria, the kleptocracy of fiat money across Africa, and how bitcoin offers a genuine way out.

Follow Mary on Twitter: https://twitter.

Bitcoin Adoption in Nigeria with Mary Imasuen | The Bitcoin Layer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Michael Saylor, the Executive Chairman of @microstrategy a publicly traded business intelligence firm he founded in 1989. He founded and serves as trustee for the Saylor Academy, saylor.org, a non-profit organization that has provided free education to over 1 million students. He is an advocate for the Bitcoin Standard (hope.com). In this episod

The 24 Risks of Equities with Michael Saylor

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe & Matt Dines of Build Asset Management discuss the abundance of dollars still in the system, when the next credit event may occur, and drama as we approach the debt ceiling.

Follow Matt on Twitter: https://twitter.com/BuildCIO

New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday.

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Elevated Stress As The Debt Ceiling Approaches?

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik & Joe sit down with Joe Carlasare, a Partner at Amundsen Davis working in bitcoin & blockchain litigation, and the newest addition to our team as the Legal Correspondent. Joe, Joe, and Nik discuss current litigation across the crypto industry, what GBTC will signal about bitcoin's direction, action in rates, and his thoughts on where markets are headed in 2023

The 2023 Crypto Lawsuit Tsunami with Joe Carlasare | The Bitcoin Layer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe sits down with Kenny Florian, a former mixed martial artist with the UFC, a contestant on the first season of The Ultimate Fighter, and a color commentator for the PFL. Kenny discusses his journey into MMA, how the concept of pushing your limits and earning it translates into bitcoin, as well as some upcoming fights.

Follow Kenny on Twitter: https://twitter.c

MMA, Markets, & Bitcoin with Kenny Florian | The Bitcoin Layer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe Consorti discusses the sudden move in interest rates today and delivers a recap of the action in markets last week that led to the out of character rate moves.

New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday.

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Sudden Interest Rate Moves, What Does It Mean? | Markets & Macro Rewind

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Mags Gronowska, an advisor at Prti, Inc and a Quadriga Bankruptcy Inspector. Mags discusses her passion for bitcoin education, the recent developments in international bitcoin mining policy, and emerging markets where bitcoin is being used to unlock a higher echelon of human freedom.

Follow Mags on Twitter: https://twitter.com/Crypto_Mags

New 

Bitcoin Mining Globalization Masterclass with Mags Gronowska | The Bitcoin Layer

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe and Nik are joined by Dr. Jess Ross to discuss the Fed's 25 basis point rate hike, the market's reaction to the FOMC statement and Powell's presser, and the favorable setup for risk assets as a Fed pause draws closer.

New YouTube videos every Monday, Wednesday & Friday. New Substack posts every Tuesday, Thursday & Saturday.

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