Why People Move Up Layers in Crises

In this episode, Nick Batia discusses the evolution of monetary systems, the significance of Bitcoin as a non-counterparty money, and the transition to a new monetary epoch. He explores the institutional perspective on money, the evolution of reserve assets, and the interplay between fixed income and Bitcoin. The conversation also delves into the role of treasuries in the financial system and the potential future of Bitcoin in a global context, especially in light of economic instability.

This episode is sponsored by ⁠⁠⁠⁠⁠⁠⁠BitVault⁠⁠⁠⁠⁠⁠⁠, your fortress against physical attacks and hacks.

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