BREAKDOWN: The 3 Most Thought-Provoking Questions in Bitcoin With Nik Bhatia
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 January 2022
⏱️ 41 minutes
🧾️ Download transcript
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.
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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.
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“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.
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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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