“There are three kinds of lies: lies, damned lies, and the US Labor Secretary." In this video, Joe walks through the largest week of economic data in 2023 which is bound to be a cycle turning point thanks to an overwhelming influx of bad data on all fronts.

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Recession Imminent As Yields Plummet & Economy Sours: Week In Review

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In this episode, Joe sits down with Drew Armstrong, president and chairman of Cathedra Bitcoin, a publicly traded bitcoin miner on the Canadian Stock Exchange. Drew takes Joe through a mining masterclass. They discuss how mining public companies raise money, how the landscape is evolving, hashprice, hash rate migrating from the US, how miners are consolidating, and how L2s, Runes, and other things demanding bitcoin blockspace accelerate the development of scaling solutions so that bitcoin fulfills its chief function: better money.

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 
The Bitcoin Layer and its guests do not provide investment advice.

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

#TheBitcoinLayer #NikBhatia #JoeConsorti #BitcoinMining #CathedraBitcoin #DrewArmstrong #Hashrate #Hashprice #Blockchain #CanadianStockExchange #PublicCompanies #Investment #BitcoinScaling #L2 #Runes #BlockchainTechnology #MiningConsolidation #Economics #BetterMoney #BitcoinFuture #DigitalCurrency #FinancialMarkets #MiningMasterclass #TechInnovation #DigitalAssets #StockMarket #Finance #MarketTrends #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #RiverBitcoin #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro Subscribe to The Bitcoin Layer on Soundwise

Bitcoin Mining MASTERCLASS: Miner Revenue, Economics, & Integrating AI with Drew Armstrong

In this episode, Joe walks through an action-packed day in macro. The CPI print for last month came in cooler than analyst estimates, led by the shelter component which saw its first monthly decline in 3 years. Following the cool CPI data, rate expectations fell and risk assets popped, but Powell was quick to temper dovish hopes with his press conference in the afternoon. Though the Fed is content with the path of inflation, it is not satisfied with the level still being well above its 2% target. It remains flexible, with its eye on developments in the labor market, into the end of the year. Joe wraps by talking about how asset prices will behave heading into the end of the year.

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 
The Bitcoin Layer and its guests do not provide investment advice.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

#TheBitcoinLayer #NikBhatia #JoeConsorti #Macro #CPI #Inflation #FederalReserve #InterestRates #RiskAssets #JeromePowell #LaborMarket #ShelterCosts #EconomicUpdate #AssetPrices #Finance #Economy #MarketAnalysis #Investing #FinancialNews #EconomicIndicators #MarketTrends #MonetaryPolicy #RateHike #StockMarket #EconomicForecast #MarketOutlook #CPIReport #InvestmentStrategy #FinancialMarkets #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #macro Subscribe to The Bitcoin Layer on Soundwise

Macro Update: CPI Cools, Shelter Inflation Tanks & Fed DELAYS Cuts

In this episode, Nik delivers a full explainer on Treasury money printing and the monetization of T-bills by banks. In another follow up episode to the recent series on Michael Howell's liquidity framework, we walk through examples of how the Treasury creates money when it borrows and spend, and compare that to the primary dealer financing of Treasuries via repo investments from money market funds (MMFs).

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 
The Bitcoin Layer and its guests do not provide investment advice.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

#TheBitcoinLayer #NikBhatia #Treasury #MoneyPrinting #TbillMonetization #LiquidityFramework #MichaelHowell #FinancialExplainer #MonetaryPolicy #RepoMarket #MoneyMarketFunds #MMFs #PrimaryDealers #TreasuryBonds #EconomicAnalysis #FinancialMechanics #FedPolicy #FinancialEducation #MarketInsights #InvestmentStrategy #TreasuryInvestments #FinancialMarkets #Bloomberg #Macroeconomic #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #macro Subscribe to The Bitcoin Layer on Soundwise

MONEY PRINTING 101: Banks Print Money To FUND The Deficit

In this episode, Nik recaps an eventful week in economic releases and bitcoin price movement. He explains the latest developments in the labor market, analyzes bitcoin fundamentals and price behavior, considers the election's impact on Treasuries, and concludes with an opinion on the state of the Fed's ample reserves framework. His ultimate conclusion is that the Fed will be forced to expand its balance sheet.

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 
The Bitcoin Layer and its guests do not provide investment advice.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

#TheBitcoinLayer #NikBhatia #EconomicUpdate #BitcoinAnalysis #LaborMarket #BitcoinPrice #MarketTrends #Treasuries #ElectionImpact #FederalReserve #FedPolicy #FinancialAnalysis #BitcoinFundamentals #EconomicReleases #FinancialNews #BalanceSheet #MonetaryPolicy #FedReserves #BitcoinMovement #MarketRecap #FinancialOutlook #InvestmentInsights #FedPolicy #MonetaryPolicy #FederalReserve #RepoMarket #FinancialPlumbing #Fedwire #ReserveScarcity #FinancialEducation #EconomicAnalysis #MarketInsights #InterestRates #FedBalanceSheet #FinancialMechanics #MonetarySystem #FinancialMarkets #EconomicPolicy #EducationalContent #FinanceExplained #WallStreetJournal #EconomicInsights #Bloomberg #Macroeconomic #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #macro Subscribe to The Bitcoin Layer on Soundwise

Global Macro Update: Fed Will Print, Bitcoin STUCK At $70,000, Rate Cuts

In this episode, Nik breaks down a Wall Street Journal opinion piece about the Fed's balance sheet. While explaining Fed policy rates, the repo market, and why wholesale repo funding is the most important component of financial plumbing, Nik describes how the Fed could use the timing of Fedwire payments as an indication of reserve scarcity. This an a very educational episode for those interested in Fed policy mechanics and monetary plumbing.

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 
The Bitcoin Layer and its guests do not provide investment advice.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

#TheBitcoinLayer #NikBhatia #FedPolicy #MonetaryPolicy #FederalReserve #RepoMarket #FinancialPlumbing #Fedwire #ReserveScarcity #FinancialEducation #EconomicAnalysis #MarketInsights #InterestRates #FedBalanceSheet #FinancialMechanics #MonetarySystem #FinancialMarkets #EconomicPolicy #EducationalContent #FinanceExplained #WallStreetJournal #EconomicInsights #Bloomberg #Macroeconomic #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #macro Subscribe to The Bitcoin Layer on Soundwise

Recession Imminent As Yields Plummet & Economy Sours: Week In Review

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