Global Macro and Bitcoin with Nik Bhatia: Episode 10
Blockware Intelligence Podcast
Will Clemente discusses global macro and Bitcoin with Nik Bhatia for our weekly interview Podcast/YouTube channel series. Can now find our podcast on Spotify, Apple, and Google Podcasts as well! Nik's Twitter: twitter.com/timevalueofbtc
In this episode Saifedean talks to Nik Bhatia, author of Layered Money. They begin by discussing Nik’s first essays on bitcoin, The Time Value of Bitcoin and The Lightning Network Reference Rate, and why Nik thinks “Lightning banks” are on their way. They move on to talk about Nik’s book, starting with an overview of how “layered money” developed on top of gold through financial institutions, and how this eventually culminated in the emergence of a pure fiat financial system. Nik and Saifedean also discuss money as it exists today, including the role of central banks and the eurodollar system. They end with a discussion of what the financial system of the future will look like, including why Nik is confident that both bitcoin and the US dollar will continue to exist throughout his lifetime, and why we should be concerned about the rise of CBDCs. THE BITCOIN STANDARD TOOLKIT The Bitcoin Standard Toolkit is a selection of the Bitcoin services I recommend to readers and learners on saifedean.com, as they upgrade from The Fiat Standard to The Bitcoin Standard. NYDIG NYDIG is a leading full-service financial services firm dedicated to Bitcoin, applying institutional wisdom and ingenuity to help clients access the unrealized potential of this emerging asset class. NYDIG offers the full suite of financial solutions needed for financial institutions to access Bitcoin, from custody, execution, financing, treasury solutions, integration partnerships, and more. Check their website here: https://nydig.com/ ================== Cyphersafe To secure your bitcoins, it is important to keep your seedphrase backed up safely, and for that, I highly recommend using the CypherWheel seed storage device, a gorgeous and brilliant sturdy piece of low time preference engineering from a fourth-generation machine shop in Maine. Check their website here: https://cyphersafe.io/ ================== OKCoin Whenever someone asks me how to invest in Bitcoin, my advice is to accumulate bitcoins periodically for the long run, or dollar-cost averaging. When you buy every day, week, or month, you play bitcoin’s volatility to your advantage. In the long run, this strategy will outperform every other bitcoin investment strategy, except for dumb luck, and lying about timing the market. For dollar-cost averaging, I strongly recommend OKCoin, the exchange with the lowest fees for recurring purchases worldwide. OKCoin is also the bitcoin exchange accessible in the most countries around the world. Check their website here: https://okcoin.com/ ================== Nodl I believe it is really important to run a node, but I don’t recommend running it on your work or personal computer, as it can compromise the performance of your computer and, more importantly, the security and privacy of your bitcoin node. A far better solution is to buy a dedicated hardware node, and for that, I highly recommend Nodl. Check their website here: https://www.nodl.it/ ================== Coldcard My hardware wallet of choice is the Coldcard. I strongly recommend only conducing bitcoin trades on computers that are dedicated to bitcoin and cannot connect to the internet. I like the Coldcard because it is a contained machine optimized for bitcoin and bitcoin only. Coldcard is basically a small computer that can only do bitcoin, which makes securing it more straight-forward. Use the code BITCOINSTANDARD on coldcardwallet.com to get a 5% discount. Check their website here: https://coldcardwallet.com/
Today we are joined by Parker Lewis of Unchained Capital, well known for his "Gradually, Then Suddenly" series, as well as Nik Bhatia, author of Layered Money and "The Time Value of Bitcoin."Connect with our guests:https://twitter.com/ParkerALewishttps://twitter.com/timevalueofbtcCheck out the "Gradually, Then Suddenly" series:https://unchained.com/blog/category/gradually-then-suddenly/Read Nik's book, Layered Money:https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies/dp/1736110519/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Connect with Swan on social media:Twitter: https://twitter.com/SwanBitcoinTelegram: https://t.me/swansignalLinkedIn: https://www.linkedin.com/company/swanbitcoinSwan Signal Live and Swan Lounge are a production of Swan Bitcoin, the best way to accumulate Bitcoin through automatic recurring buys at https://swanbitcoin.com.Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/privateGet your free ebook or audiobook copy of "Inventing Bitcoin" here: https://swanbitcoin.com/freebookWe also have the book available en español, y puede descargar su copia en https://swanbitcoin.com/librogratisGet your free ebook copy of "21 Lessons" here:https://swanbitcoin.com/21lessonsJoin our Swan Force, our referral program, and get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist
Bitcoin Fixes This #59: History of Money with Nik Bhatia
Bitcoin Fixes This
Nik Bhatia is a writer, financial professional and bitcoiner. We talk about the history of money, how cash developed and the long road to the current layers of money that we have now. Nik also tells us about different monetary instruments, how central banks work and the eurodollar that the Fed bailed out in 2008.
Nik Bhatia: Bitcoin as a First Layer to Empowerment
Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in Social Sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. Nik lives in Los Angeles, CA with his wife and young daughter. Learn more at www.LayeredMoney.com.
Today we are joined by Stephan Livera, host of the Stephan Livera Podcast, and Nik Bhatia, author of the new, highly acclaimed book, "Layered Money."Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Connect with our guests:https://twitter.com/stephanliverahttps://twitter.com/timevalueofbtcSubscribe to Stephan's podcast here:https://stephanlivera.com/Buy Nik's new book here:https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies/dp/1736110519/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=Read Nik's article, "The Time Value of Bitcoin" here:https://timevalueofbtc.medium.com/the-time-value-of-bitcoin-3807b91f02d2Connect with Swan on social media:Twitter: https://twitter.com/SwanBitcoinTelegram: https://t.me/swansignalLinkedIn: https://www.linkedin.com/company/swanbitcoinSwan Signal Live and Swan Lounge are a production of Swan Bitcoin, the best way to accumulate Bitcoin through automatic recurring buys at https://swanbitcoin.com.Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/privateGet your free ebook or audiobook copy of "Inventing Bitcoin" here: https://swanbitcoin.com/freebookWe also have the book available en español, y puede descargar su copia en https://swanbitcoin.com/librogratisGet your free ebook copy of "21 Lessons" here:https://swanbitcoin.com/21lessonsJoin our Swan Force, our referral program, and get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist
BTC $ 34,370 Today's guest on the show is @timevalueofbtc Nik Bhatia the author of the excellent book Layered Money. Join Nik and I as we take a walk down memory lane of his early trading days on the bond desk of his firm. Why did he suddenly shit himself and how had he potentially fucked up a 600 million USD trade? What made Nik come to #bitcoin and how did it all click into place for him? Why is he teaching at USC and what questions or push back is he getting when asked or talking about #Bitcoin? A huge thank you to Nik for taking the time to come on the show and I am looking forward to the next book! I stand on the shoulders of giants, these guys are amazing. Thank you: @coinfloor @swanbitcoin @relai_ch @ShiftCryptoHQ for your trust and support. @jimreapermusic for creating www.once-bitten.com @hodlerthanthou and the Britcoiners @twentyoneism. If you would like to support the show you can listen via @sphinx_chat and join the tribe! https://tribes.sphinx.chat/t/oncebittenpodcast You can also support the show by using the @Breez_Tech App and searching for the Once BITten Podcast! Apple Pods - https://podcasts.apple.com/gb/podcast/once-bitten/id1497540130 Spotify - https://open.spotify.com/show/4wWzXFEyAJtM6aOLA6c4Q2 Shills and Mench’s: www.coinfloor.co.uk/bitten www.swanbitcoin/bitten www.relai.ch/bitten - Code BITTEN http://shiftcrypto.ch/bitten Code BITTEN
Nik Bhatia joins me for a conversation covering the concepts laid out in his book "Layered Money."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTNik's Twitter: https://twitter.com/timevalueofbtcNik's Book: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08PS293NTPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 The Pyramid Scheme: Fiat Currency00:03:52 Layered Money00:14:50 Coins: Money Velocity00:18:10 The Hierarchy of Money00:30:50 Revolution in Mathematics: Fibonacci00:38:30 Counterparty Risk: Bitcoin00:44:30 Suppression of Freedom01:01:20 Scalability: L2 Money01:09:50 Proliferation of Capitalism01:31:10 Alchemy01:45:10 Debt, Fragility, and Volatility01:49:30 Official Monetary Policy: Infinity02:00:01 Bitcoin: Native Money of the Digital Domain02:09:45 Impetus of the Federal Reserve02:27:20 Elasticity and Inflation: L1 v. L202:30:45 Disentanglement of the Euro-Dollar02:54:00 Consequences of Fiat03:03:30 Name of the Game: RenominationSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/Medium: https://breedlove22.medium.com/All My Current Work: https://linktr.ee/breedlove22CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true
“If you are ignoring Bitcoin now, as a growth manager, you are ignoring that an alternative monetary reality has come into existence on this planet.”— Nik BhatiaLocation: El SalvadorDate: Saturday May 8thProject: USC Marshall School of BusinessRole: Adjunct Professor of FinanceFor a long time, asset managers in the traditional finance world have largely ignored bitcoin. Often using outdated and debunked theories as to why bitcoin is another tulip bubble that boils the oceans, kills polar bears and used by drug dealers and criminals.Over the last year, this has begun to change, institutions have woken up to Bitcoin, and they are beginning to see it for what it is, the soundest money the world has ever seen and a tool for freedom. Nik Bhatia says that Bitcoin has changed monetary technology as we know it. It is now the fiduciary duty for asset managers to consider bitcoin, not only for the economic benefit but also for societal change.In this interview, I talk by Author and Professor of Finance Nik Bhatia. We discuss his recent article ‘Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty’, currency debasement and how Bitcoin is the new monetary reality.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD350 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Nik Bhatia - Bitcoin is More than an Asset, it's a (New) Layered Financial System
Nik Bhatia is the author of the new book 'Layered Money: From Gold and Dollars, to Bitcoin and Central Bank Digital Currencies'. In the book, Nik explores the history of our current financial system, and details the various layers which comprise it. He then analyzes bitcoin through a 'layered money' lens, and makes the case for why he believes it will evolve in to the future reserve currency of the world. As this is Nik's first book, I thought it would be interesting to discuss his writing experience, the challenges he encountered, and some the processes and tactics he used to get it over the line. Enjoy! -- More from Nik: TWITTER: https://twitter.com/timevalueofbtc BOOK: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies/dp/1736110527/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1619467256&sr=8-1 More from me: TWITTER: http://bit.ly/2P7PUjA YOUTUBE: https://bit.ly/3aBbZxg MEDIUM: http://bit.ly/2Zk0Dex INSTAGRAM: http://bit.ly/30r7IqY The BitBox02 Hardware Wallet is a safe and easy way to do so. Get 5% off here: https://shiftcrypto.ch/bitbox02/bitcoin-only/?utm_source=rapidfire&utm_medium=webcast&utm_campaign=landingpage&ref=rapidfire Get 10% off on the Bitcoin 2022 Conference in Miami! The 2021 conference was EPIC, and 2022 is going to be even bigger and better. Use the promo code 'RAPIDFIRE' at checkout: http://tixr.com/pr/rapidfire/26217 If you're in Canada and looking to buy bitcoin at competitive rates, with an emphasis on privacy and security, check out bullbitcoin.com. If you're in the US, the best option is Swan Bitcoin. Use this link to get $10 of free bitcoin! http://bit.ly/3rvxVlA Once you buy bitcoin, you should take self-custody.