In this episode, Nik breaks down the current macro landscape through the lens of Bitcoin, interest rates, and market liquidity. He shares new insights from TBL’s proprietary liquidity index, revealing how quarterly cycles in the Treasury market are shaping Bitcoin’s price behavior. Nik also unpacks key valuation metrics like the Mayer Multiple and MVRV, and explains why Bitcoin’s current range suggests a stable foundation. The update covers bond volatility, yield curve dynamics, Fed expectations, gold, oil, and the dollar—placing it all within the broader context of a global monetary reset.
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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Chapters:
00:00:00 Bitcoin Price and Global Macro Overview
00:02:58 Treasury Market's Impact on Stocks and Bitcoin
00:05:44 Revaluing the Economy in Bitcoin
00:08:24 Analyzing Bitcoin Valuation with Mayor Multiple
00:11:33 Understanding Bitcoin's Cost Basis and MVRV
00:14:30 Geopolitical Tensions and Economic Growth Analysis
00:17:21 Understanding the Steepening Yield Curve and Economic Signals
00:20:27 Yield Curve Insights: Signal Loss and Economic Indicators
00:23:10 Understanding Bretton Woods 3 and the Monetary Reset
00:26:08 Anticipated U.S. Regulation on Currency Manipulation
The Bitcoin Layer and its guests do not provide investment advice.
