The Bitcoin Layer
di The Bitcoin Layer
Ultimo episodio
When Will Bitcoin Finally Recover?
When Will Bitcoin Finally Recover?
Informazioni su questo podcast
The Bitcoin Layer is a premium markets research provider, covering bitcoin through a global macro lens | Research, Analysis, & Education
Featuring Nik Bhatia, author of the #1 Amazon bestseller Layered Money and USC Marshall School of Business professor.
Subscribe to our research publication and YouTube channel to learn about global macroeconomics, bitcoin, Lightning Network, the monetary and financial system, the Federal Reserve, interest rates, and geopolitics. Most importantly, develop a framework for understanding global markets—connect the dots between economic and financial concepts to see the bigger picture. Look no further for your bitcoin and macro education!
Episodi
I 50 episodi più recenti su 320
- When Will Bitcoin Finally Recover? · 13 min · Episodio 320In this episode, Nik covers bitcoin losing its 200 day moving average and the levels he is watching below, the 200 week moving average near $68,000 and roughly $66,300. He…
- Bitcoin Is Setting Up To Beat The Nasdaq · 31 min · Episodio 319In this episode, Nik welcomes back Jamie Coutts, chief crypto analyst at Real Vision, as bitcoin tests its 200 day moving average. Jamie explains why he believes bitcoin broke…
- Why Stocks Really Crashed Today · 13 min · Episodio 318In this episode, Nik covers the worst single day of 2026 for stocks, with the Nasdaq down 6.5% and the S&P down 4.6%, and asks whether the midterm results caused it or whether…
- The Fed Will Have To Print Bigger This Time · 20 min · Episodio 317In this episode, Nik lays out three money market metrics he watches as a former repo and treasury bill trader, and why they suggest the Fed may be closer to another round of QE…
- Prediction Markets Are A Symptom Of Debasement · 1 h 9 min · Episodio 316In this episode, Nik welcomes Mark Goodwin, journalist at Unlimited Hangout and former editor in chief of Bitcoin Magazine, for a conversation on prediction markets and the…
- Bitcoin Held Up Through A $6 Billion Hack · 23 min · Episodio 315In this episode, Nik covers bitcoin’s reaction to the Binance hack, in which $6.3 billion was taken from the exchange’s hot wallet. He explains why a 5% drawdown is far milder…
- Wall Street Has No Idea What the Fed Is Doing Anymore · 14 min · Episodio 314In this episode, Nik covers the Fed’s decision to hold and the reaction that surprised him more than the decision itself: Bloomberg’s anchors in full meltdown over how Kevin…
- It’s Death Either Way For Japan · 54 min · Episodio 313In this episode, Nik welcomes Peruvian Bull, also known as Roberto Rios, author of the Dollar Endgame, for a deep look at Japan. They trace the story from the 1980s bubble and…
- The Credit Cycle Is Turning On Stocks · 10 min · Episodio 312In this episode, Nik covers three funding headlines that landed within days of each other: Anthropic filing for an IPO, SpaceX going to the bond market for $40 billion, and Meta…
- 97% Of Bitcoin’s Price Is Explained By The Power Law | Santostasi & Perrenod · 40 min · Episodio 311In this episode, Nik welcomes back Dr. Giovanni Santostasi and Dr. Stephen Perrenod of the Scientific Bitcoin Institute, joining from Lugano, to explain the bitcoin power law…
- The Most Important Thing About This Debt Crisis with Matt Dines · 1 h 10 min · Episodio 310In this episode, Nik welcomes back Matt Dines to talk through where we are in the credit cycle and why he thinks we are in the late innings. Matt walks through the names he…
- Bitcoin Wants To Run But Liquidity Won’t Let It · 8 min · Episodio 309In this episode, Demian explains TBL’s analysis of why bitcoin is holding up even as liquidity hit its lowest point of the cycle. He covers how the TBL Liquidity Index works…
- The Math Behind $1 Million Bitcoin · 15 min · Episodio 308In this episode, Nik explains the bitcoin power law and why he believes it points to a million dollar bitcoin in the early 2030s. He walks through bitcoin’s orders of magnitude…
- Nobody Has Ever Lost Money Holding Bitcoin Six Years · 12 min · Episodio 307In this episode, Nik explains what he thinks is the easiest way to introduce bitcoin to new investors, which comes down to returns. He compares bitcoin against stocks, bonds, and…
- Bitcoin Just Lost $82,700 · 26 min · Episodio 306In this episode, Nik covers bitcoin losing the $82,700 level he had been tracking, falling 3% for a second straight day. He explains why he is watching 71 to 74,000 as the next…
- Bitcoin Has A 7x To Catch Gold · 22 min · Episodio 305In this episode, Nik walks through TBL Pulse and the macro charts he watches every day, starting with why bitcoin is climbing while liquidity drains. He explains why the TBL…
- Bitcoin Doesn’t Care About The Bond Crisis · 14 min · Episodio 304In this episode, Nik asks how bitcoin is outperforming both gold and the dollar in the middle of a global bond crisis. He covers why rising yields, bond volatility, and a…
- Europe Is About To Print · 22 min · Episodio 303In this Global Macro Update, Nik covers the blowout in French government bond yields against German bunds and why he sees a sovereign debt crisis developing in France. He…
- Bitcoin’s Volatility Is Dying (And That’s Bullish) · 49 min · Episodio 302In this Global Macro Update, Nik walks through a chart pack of more than 100 charts, starting with the bitcoin gold ratio charging back above 20 while global bond markets remain…
- Central Banks Have Lost Control · 20 min · Episodio 301In this episode, Nik welcomes back James Van Straten of CoinDesk for a conversation on the global bond meltdown and the fiscal crisis building in the United Kingdom. James…
- The Bear Market Is Over · 37 min · Episodio 300In this episode, Nik covers bitcoin's move to $87,000 and why breaking $82,700, the post-bear-market high from May, means the bear market that defined 2026 is over. He zooms all…
- Healthcare Is Eating 70% Of Federal Tax Revenue · 45 min · Episodio 299In this episode, Nik welcomes Stu Lackey and Jon Gordon of SOUND HSA for a conversation on the fiscal side of American healthcare. Nik opens with the charts: almost $4 trillion…
- What Happens If The Fed Hikes Tomorrow · 19 min · Episodio 298In this Global Macro Update, Nik covers the global bond meltdown and what happens to Liquidity if the Fed hikes rates. He starts with bitcoin losing the trend line he had been…
- The Bond Meltdown Ends In A Global Money Print · 1 h 2 min · Episodio 297In this Global Macro Update, Nik explains why he believes the current global bond meltdown and liquidity contraction will end in a massive global money print. He walks through…
- The Most Important Inflation Report Of The Year · 32 min · Episodio 296In this episode, Nik explains why he thinks this week's inflation data is the most important economic release of the year, with PPI and CPI landing days before the Fed's…
- One Level Decides Bitcoin’s Bull Market · 28 min · Episodio 295In this episode, Nik covers the strong jobs report and whether it is enough to push the Fed toward a rate hike. He explains why the two-year yield near 4.38% shows the market…
- Something Just Broke the Bond Market · 31 min · Episodio 294In this episode, Nik covers the chaos in global government bond markets, with yields rising from the United States to Japan, Germany, France, and the United Kingdom. He explains…
- Bitcoin Just Failed Three Times · 19 min · Episodio 293In this video, Nik covers the market reaction to Kevin Warsh's Jackson Hole speech, starting with the two-year yield pushing back toward its highs near 4.35% and what that says…
- You've Been Drinking Fiat Wine (And You Feel It) with Ben Justman · 1 h 2 min · Episodio 292In this episode, Nik welcomes Ben Justman, founder of Peony Lane Wine in Paonia, Colorado, the highest wine region in North America. Ben explains how he learned winemaking on his…
- Global Macro Update: The Real Reason Bitcoin Just Ripped · 23 min · Episodio 290In this Global Macro Update, Nik covers the financial war he sees playing out across treasuries and currencies, and why bitcoin popped above $67,000 on the back of it. He walks…
- Bitcoin Just Went Vertical (Is The Bear Over?) · 23 min · Episodio 291In this episode, Nik covers bitcoin's 22% week and a run that took price to just shy of $80,000. He walks through the multi-year trend line connecting the FTX lows to the start…
- Russia Is Now Legalizing Bitcoin for Trade with Joe Consorti · 35 min · Episodio 289In this episode, Demian welcomes back Joe Consorti for a conversation on the Clarity Act and what it means for bitcoin. Joe explains the bill's three buckets, how it would…
- Self Custody Is Not Dead with Stacie Waleyko · 23 min · Episodio 288In this episode, Demian welcomes back Stacie Waleyko, a bitcoin developer with the Bitcoin Dev Project, on the Coldcard entropy vulnerability and the ongoing theft of funds…
- Why Jack Mallers Walked Away From Twenty One · 40 min · Episodio 287In this episode, Nik welcomes Jack Mallers, founder and CEO of Strike, for a conversation on his exit from Twenty One. Jack describes the guilt and humility of stepping away from…
- Tracing the Stolen Coldcard Bitcoin w/ Galaxy's Alex Thorn · 44 min · Episodio 286In this episode, Nik welcomes back Alex Thorn of Galaxy Research on the Coldcard key generation vulnerability and the theft that followed. Alex explains how a March 17, 2021…
- Coldcard Wallet Hack: What Happened and What to Do Now · 26 min · Episodio 285In this episode, Nik and TBL's Demian Schatt cover a breaking security situation: a seed-generation vulnerability in Coldcard hardware wallets that has exposed some bitcoiners to…
- Kevin Warsh Just Blew Up How the Fed Works · 33 min · Episodio 284In this Global Macro Update, Nik covers today's FOMC decision and Kevin Warsh's press conference, where the new Fed chair reaffirmed the 2% inflation target as a firm goal and…
- The Great Unwinding Wall Street Isn’t Pricing In with Matt Dines · 1 h 10 min · Episodio 283In this episode, Nik welcomes back Matt Dines to lay out his thesis that the global order built after World War Two is being reset. Matt walks through the signals he is watching…
- The $45,000 Bitcoin Everyone Fears Is Getting Less Likely · 51 min · Episodio 282In this episode, Nik walks through the latest bitcoin research from Johan Bergman, head of bitcoin research at The Bitcoin Layer, using the charts inside TBL Pulse. He explains…
- Global Macro Update: The Dollar Shortage Pushing Asia Towards Crisis · 1 h 5 min · Episodio 281In this Global Macro Update, Nik returns from teaching his summer bitcoin and AI course at USC to a market waking up after the World Cup lull. He makes the case for a global…
- Michael Saylor Sold the Bitcoin Bottom · 40 min · Episodio 280In this episode, Nik welcomes CoinDesk analyst James Van Straten to discuss why he believes bitcoin's bear market may be nearing its end. James walks through ETF flows that have…
- This is the Most Bitcoin I Have Ever Bought · 20 min · Episodio 279In this global macro update, Nik asks whether bitcoin has finally bottomed after tagging 58k and reclaiming 60,000. He walks through the bullish divergences forming on bitcoin's…
- I Built a $1 Million System in 11 Days With No Coding with Peter McCormack · 44 min · Episodio 278In this episode, Nik welcomes Peter McCormack, host of the Peter McCormack Show, for a conversation on how he is using AI in his own business. Peter, who has no coding…
- Inside SpaceX's $60 Billion Bet on Cursor with Charlie Hu · 49 min · Episodio 277In this episode, Nik welcomes Charlie Hu, founder of Coco AI and a bitcoiner since 2012, for a wide-ranging conversation on where AI is heading. Charlie shares takeaways from the…
- What Bitcoin Twitter Is Signaling About the Market Bottom w/ Michael Sullivan · 32 min · Episodio 276In this episode, Nik welcomes Michael Sullivan, a bitcoin researcher who analyzes market sentiment through language. Michael explains how he runs natural language models across…
- I Woke Up Homeless With $75 When the Banks Took Everything | with Tony Yazbek · 34 min · Episodio 275In this episode, Nik welcomes Tony Yazbek, co-founder of The Bitcoin Way, for a conversation on why owning bitcoin yourself is the whole point. Tony argues that bitcoin is money…
- The Iran War and the Fight for Energy Dominance with Tanvi Ratna · 56 min · Episodio 274In this episode, Nik welcomes back Tanvi Ratna, geoeconomic strategist and Fox News columnist, for a conversation on why the Iran conflict is far bigger than the Middle East…
- SpaceX Goes Public Tomorrow: Inside the $45 Billion Data Center with John Tinsman · 44 min · Episodio 273In this episode, Nik welcomes John Tinsman, founder and portfolio manager at AOT Invest, for a conversation on why the AI buildout looks like a revolution rather than a bubble.
- AI Is Breaking the Power Grid, and Bitcoin Is the Fix · 37 min · Episodio 272In this episode, Nik welcomes back Daniel Batten, bitcoin researcher and longtime voice on bitcoin's role in energy, for a conversation on the collision between AI, the power…
- The Bitcoin Power Law Points to $300,000 w/ Dr. Stephen Perrenod · 53 min · Episodio 271In this episode, Nik welcomes back Dr. Stephen Perrenod, astrophysicist and member of the Scientific Bitcoin Institute, for a conversation on the mathematics behind bitcoin's…
