The Bitcoin Layer

This discussion dives deep into what factors are driving Bitcoin's price in 2025. The rise of ETFs and financial instruments is shaping a new bull market, taming volatility and changing trading dynamics. Institutional adoption is opening doors for significant capital flows and influencing market stability. Insights from the MVRV metric provide a lens on market movements, suggesting optimal buying times and potential corrections. The future of Bitcoin looks set to be less about wild boom-and-bust cycles and more about strategic financial engagement.

Join on-chain analyst James Check, co-founder of Checkonchain, as he dives into the evolving Bitcoin landscape. He discusses the shift from mining-driven cycles to behavior-driven dynamics, emphasizing how corporate treasury strategies affect Bitcoin's future. Key insights include the psychological factors influencing investor confidence amidst price fluctuations and the significance of the $150,000 price target. With patience highlighted as essential, Check provides a compelling analysis of how macroeconomic trends are shaping Bitcoin's trajectory.

The discussion reveals how the Federal Reserve impacts the financial landscape and the intricacies of interest rate changes. Insights into the yield curve shed light on investor reactions to market dynamics. The conversation dives into the political implications of the Fed's role in inflation management and how Bitcoin emerges as a strategic asset. Additionally, there's a critical examination of the 2% inflation target and the potential disruption Bitcoin poses to the traditional credit system, highlighting its transformative impact.

In this enlightening discussion, Bitcoin researcher Daniel Batten reveals the truth about Bitcoin mining and its environmental impact. He debunks common myths fueled by central banks and media, showcasing how miners are increasingly utilizing off-grid renewable energy. Batten discusses Bitcoin's role in stabilizing power grids, promoting electricity access in Ethiopia, and its potential for synergy with AI in energy management. He also highlights that over 80% of mining hardware is recycled, challenging perceptions of Bitcoin's e-waste.

Dive into the intriguing world of the Eurodollar system! Explore its historical roots and how U.S. banking regulations reshaped global finance. Discover the complex interplay of U.S. economic policies and China's Belt and Road Initiative, and how capital flows impact both nations. Uncover Hong Kong's pivotal role as a financial hub and its influence on international banking dynamics. This discussion links past decisions to today's financial landscape, providing insights into the ongoing global economic battles.

Nik Bhatia and Demian Schott discuss Bitcoin's impressive resilience amid economic slowdown. They analyze how declining Treasury yields and potential Fed rate cuts are shaping investment strategies. The conversation dives into the interaction between bond volatility and Bitcoin prices, emphasizing the importance of liquidity for market stability. They also touch on the global trade dynamics affecting inflation, alongside the impact of Eurodollar flows on consumer confidence and the stock market. A captivating exploration of macroeconomic influences on cryptocurrency!

Matt Dines, the Chief Investment Officer of Build and expert in financial history, joins to discuss gold's renewed significance in global finance. They delve into China's gold market influence and the ongoing trend of de-dollarization, exploring how tariffs affect dollar circulation. The fascinating interplay between gold, bitcoin, and dollar strength is highlighted, along with insights on the Eurodollar system and the financing of the Ukraine war. Dines also shares perspectives on the shifting roles of labor and capital in today's economy.

America is engaged in a financial war over offshore dollar power, reshaping global trade dynamics. The recent tariffs are seen as a strategic shift aimed at dismantling the Eurodollar system. This turmoil signals the end of 30 years of globalization, raising questions about a new monetary order. The role of Bitcoin in international trade is debated, alongside complex issues of job outsourcing and the need for resilient supply chains. The political motivations behind economic policies provide a fascinating backdrop to this evolving narrative.

In this episode, Nik is joined by Tanvi Ratna, founder of Policy 4.0, to break down the Trump administration’s sweeping new strategy: a global trade, currency, and security reordering. Tanvi brings her unique expertise across geopolitics, supply chains, finance, and emerging tech to explain how the U.S. is shifting from a consumer-driven economy to an industrial powerhouse—while reimagining alliances, shipping lanes, and even the future of the dollar system. They discuss the multipolar world taking shape, the BRICS challenge, de-dollarization, and the rising roles of gold and Bitcoin in a new monetary era. Links discussed in episode:- Follow Tanvi Ratna on X: https://x.com/tanvi_ratna- Link to Bessent speech: https://www.youtube.com/watch?v=SRCsjVlA0VA&t=1s- Hudson bay paper from Miran: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf- Steve Miran speech: https://www.whitehouse.gov/briefings-statements/2025/04/cea-chairman-steve-miran-hudson-institute-event-remarks/- Steve Miran episode: https://www.youtube.com/watch?v=h8znYA7ATlk 📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H 📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. ▶️ Subscribe and turn on notifications for TBL on YouTube.📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch ⛓️ ₿lock Height 893849 ⚡ Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.ggNik Bhatia's Twitter: https://twitter.com/timevalueofbtcCreative Director Matthew Ball's Twitter: https://twitter.com/matthewrballResearcher Demian Schatt's Twitter: https://x.com/demianschatt The Bitcoin Layer and its guests do not provide investment advice.

This discussion highlights gold's recent surge in the face of shifting macroeconomic trends, suggesting a potential monetary reset. Bitcoin's performance is scrutinized, including key valuation metrics and the impact of long-term holders. The decline in U.S. Treasury demand due to evolving global trade dynamics raises eyebrows. Unemployment and economic slowdown challenges are also examined, along with significant insights into the U.S. energy sector's transition and its effects on innovation and electrification.