Nik Bhatia, author of 'Layered Money' and 'The Bitcoin Age,' dives deep into modern finance. He reveals how banks shape our world and why liquidity is crucial for understanding Bitcoin. The discussion covers the Eurodollar system, the end of quantitative tightening, and the intertwining of QE and Bitcoin's role in the economy. Bhatia highlights the future of credit in a Bitcoin standard, emphasizing the nuanced relationship between monetary policy, asset prices, and Bitcoin's place in the investment landscape.

Nik Bhatia, Autor von "Layered Money" und Professor an der University of Southern California, spricht über Bitcoins Aufstieg zur globalen Währung. Er erläutert, warum Bitcoins Neutralität und Dezentralität entscheidend sind und vergleicht seine Eigenschaften mit dem historischen Goldstandard. Bhatia geht auf die Rolle von Zentralbanken ein und hinterfragt das traditionelle Geldsystem. Zudem thematisiert er die potenzielle Akzeptanz von Bitcoin in der Wirtschaft und die Herausforderungen, die mit seiner Implementierung verbunden sind.

Nik Bhatia, a CFA charter holder and finance professor, dives into the fascinating history of money, tracing its evolution from the Florentine Mint to Bitcoin. He discusses counterparty risk in banking and the revolutionary concept of layered money. Bhatia shares insights on Bitcoin regulation, the implications of central bank digital currencies, and the transformative potential of the Lightning Network. He also contemplates what could make him change his stance on Bitcoin and reflects on the dynamic nature of the government’s relationship with cryptocurrency.