In this episode, Nik sits down with Pascal Hügli to explore the philosophical and structural tensions between Bitcoin and today’s fiat credit system. They discuss how stablecoins, central banking, and government spending are reshaping global money creation, and what Bitcoin’s emergence means for fairness, justice, and sound finance. Pascal shares insights from his new book on Bitcoin, explaining how the current system evolves toward fiscal dominance and why Bitcoin may serve as the foundation for a new, market-based credit layer built on production, not debt.

Pascal's Book: http://amzn.eu/d/5kn4HqQ
Pascal's Podcast: https://www.youtube.com/@lessnoisemoresignalpodcast

📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H

📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB

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