How the Financial System is Designed to Keep You Poor | Nik Bhatia | BFM127

Nik Bhatia is the founder of The Bitcoin Layer, a bitcoin and global macro research firm and author of the #1 bestselling book Layered Money. He is an Adjunct Professor of Finance at USC Marshall School of Business, where he teaches separate courses on fixed income and bitcoin.› Follow Nik: https://twitter.com/timevalueofbtc› Nik’s publication: https://thebitcoinlayer.substack.com/› Nik on YouTube: https://www.youtube.com/@TheBitcoinLayerSPONSORS🧘‍♂️ Gain peace of mind with Onramp’s Multi-Institution Custody solution. Receive $150 in Bitcoin when you join via https://onrampbitcoin.com/bram🔨 Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.comPRODUCTS I ENDORSE› Foundation Passport: a premium Bitcoin hardware wallet that I love. Get $10 off: https://foundation.xyz/bram› Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram and use code BRAM to reduce fees by 0.5%🔔 SUBSCRIBE TO GET NOTIFIED› YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠› Follow Bram on ⁠⁠https://x.com/bramk🕑 TIMESTAMPS00:00 - Understanding Money and Bitcoin's Role03:02 - The Education Gap in Financial Literacy05:56 - The Impact of Inflation on Young Adults08:38 - Teaching Economics from a Practical Perspective09:49 - The Intersection of Economics and Social Science10:36 - Bitcoin vs. Credit Expansion13:10 - The Future of Money and Bitcoin's Place15:40 - Deflation, Growth, and the Credit System18:24 - Imagining a New Monetary Landscape24:31 - The Shift Towards Bitcoin as a Lifeline26:17 - Understanding the U.S. Debt Situation30:22 - Bitcoin's Role as a Store of Value36:12 - The Misconceptions Around Bitcoin40:33 - Political Engagement and Bitcoin's Future44:29 - The Role of Lending in Bitcoin's Proliferation46:53 - Challenges Ahead for Bitcoin49:09 - Core Beliefs and Family Values