G’day Folks,

The world is working its way through a very interesting rotation of capital, with the US bond market being a primary recipient. In many ways, this runs counter to Bitcoin intuition, since who in their right mind would want to lend a government money?

To talk through these dynamics, we welcome my friend Nik Bhatia of the Bitcoin Layer to the podcast.

Nik has a wealth of experience analysing, trading and investing in the bond market, and uses the price signals as a key input into how he measures liquidity. Nik is also a student of markets, and has recently published his second book, titled Bitcoin Age, exploring how he sees Bitcoin fitting into the world on the road ahead.

In this conversation, we cover concepts related to the bond market, the US dollar, global liquidity, Bitcoin, and the relationship between the US Treasury and Federal Reserve.

I learned a lot from this conversation, and we will no doubt have Nik back on before long.

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Thanks for watching,

James

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