Bitcoin’s Bull Run Is Built on Liquidity—As Long as Treasuries Stay Calm

In this episode, Nik breaks down the quiet force powering Bitcoin’s 2025 bull market: calm in the Treasury market. As bond volatility unwinds, risk assets are thriving. Nik explains how Bitcoin, as a liquidity asset, is tied to Treasury stability through credit creation, term premiums, and the pace of government debt relative to GDP. He covers Bitcoin’s institutional FOMO, the mechanics of the yield curve, and the rising pressure across global markets—highlighted by a growing gold story out of Europe. 📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H 📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. ▶️ Subscribe and turn on notifications for TBL on YouTube.📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch ⛓️ ₿lock Height 897468 ⚡ Contribute to The Bitcoin Layer via Lightning Network: [email protected] Bhatia's Twitter: https://twitter.com/timevalueofbtcCreative Director Matthew Ball's Twitter: https://twitter.com/matthewrballResearcher Demian Schatt's Twitter: https://x.com/demianschatt The Bitcoin Layer and its guests do not provide investment advice.