BREAKDOWN: The 3 Most Thought-Provoking Questions in Bitcoin With Nik Bhatia

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4.7 • 698 Ratings

🗓️ 28 January 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author of “Layered Money” also explores the relationship between crypto and tradfi markets. This episode is sponsored by Nexo, Abra and FTX US. On today’s episode, NLW is joined by Nik Bhatia, author of “Layered Money” and The Bitcoin Layer newsletter. They discuss: Bitcoin’s relationship with equities and the TradFi markets Why the Fed is trapped by rates markets Whether privacy is essential to Bitcoin’s success The game theory around nation-state bitcoin adoption How financialization of BTC will impact the asset Follow our guest on Twitter. - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	watching the Bitcoin versus Fiat power dynamics play out over the next 20 years is literally why I'm here.
0:09.3	So watching it right now with El Salvador and then we just had the IMF saying,
0:14.2	we don't think you should have done that with Bitcoin and you probably should undo that decision is textbook power dynamics. This is
0:24.4	exactly what we would have expected to happen. Welcome back to The Breakdown with me,
0:32.5	NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:39.3	The breakdown is sponsored by nexo.io, Abra, and FTX, and produced and distributed by CoinDesk.
0:47.3	What's going on, guys? It is Friday, January 28th. And today I am joined by a special guest, Nick Batia, to talk about the most thought-provoking
0:57.2	questions in Bitcoin. Before we get into the interview, however, if you are enjoying the breakdown,
1:02.5	please go subscribe to it, give it a rating, give it a review, or if you want to get into
1:06.9	the conversation, join the Breakers Discord. You can find the link in the show notes or go to
1:11.8	bit.ly slash breakdown pod. One disclosure, as always, in addition to them being a sponsor, I also
1:18.7	work with FTX. Now, today I am joined by Nick Batia. Nick is the author of layered money
1:26.1	from gold and dollars to Bitcoin and central bank digital
1:29.0	currencies, which is an excellent book that gives Bitcoin some historical context.
1:34.7	Nick is also a financial researcher, CFA charter holder, an adjunct professor of finance
1:39.1	and business economics at the University of Southern California's Marshall School of Business.
1:44.1	Previously, Nick worked the U.S. Treasury's trading desk for a large institutional asset
1:48.6	manager, and that bond market experience gives him a really important perspective, as you'll
1:54.6	see during this show.
1:56.3	Finally, Nick is the author of The Bitcoin Layer, which is one of my absolute favorite
2:00.6	Bitcoin newsletters.
2:02.1	He calls it a research publication to guide readers through the transformative changes
	...

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