In this episode, Nik decodes the Fed’s strategy as Bitcoin surges on the central bank’s decision to slow QT while maintaining its commitment to rate cuts. He breaks down what the Fed’s decision means for liquidity, why banks are holding onto reserves, and how this shift impacts risk assets. Nik also unpacks the latest moves in global bond markets, with Japanese and German yields spiking while U.S. Treasuries remain supported. With TBL’s proprietary liquidity metrics providing key insights, he connects the dots across Bitcoin, stocks, bonds, and global flow to assess what’s next for markets.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

Chapters:

00:00:00 Bitcoin Surges as Fed Adjusts Economic Policy

00:03:25 Enhancing Bitcoin Security: The Importance of Seed Phrase Protection

00:07:36 Understanding the September 2019 Repo Crisis

00:10:44 Jerome Powell's Comments on Money Market and QT

00:14:11 Understanding Bank Capitalization and Reserves

00:17:46 Bitcoin's Price Surge and Fed's Impact

00:21:22 Impact of Mortgage Basis on US Economy  

00:25:12 Impact of Tariffs on Inflation

00:29:00 Japan's Bond Market Crisis

The Bitcoin Layer and its guests do not provide investment advice.