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This Is The Macro Reset | Nik Bhatia episode artwork

Mar 18, 2026 1 hr 24 min

This Is The Macro Reset | Nik Bhatia

from What Bitcoin Did

"5 to 10% is going to cause immense damage. When cash flows stop at the margin, everything collapses because of leverage." Nik Bhatia returns to break down the macro landscape as war in Iran sends oil to $100, the dollar surges, and volatility clouds the outlook. Nik explains why he's wiped the slate clean on his macro thesis, why the US economy may still avoid recession despite the chaos, and how the Genius Act could reshape the global dollar system through stablecoins. We also get into AI job displacement, why treasuries are still the bedrock of global finance, Bitcoin's decoupling signal, and whether the four-year cycle is finally dead. THANKS TO OUR SPONSORS: ANCHORWATCH BLOCKWARE LEDN BITKEY SWAN CLUB ORANGE FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Nik Bhatia: https://x.com/timevalueofbtc

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This Is The Macro Reset | Nik Bhatia

0:00 1:24:53

Chapters

  1. 0:00 What Would Cause a Recession Now?
  2. 1:23 Reassessing the Macro Picture
  3. 2:50 Oil Price as a Key Economic Signal
  4. 14:08 Addressing the Dual Public Good
  5. 20:00 US Economy and Fiscal Deficit
  6. 25:16 The Impact of AI on the Labor Market
  7. 38:52 Transfer Payments and Government Spending
  8. 41:30 The Importance of Treasuries
  9. 52:03 Strengthening the Treasury Market With Stablecoins
  10. 56:40 Reasserting Governance With Stablecoins
  11. 1:08:58 US Soft and Hard Power
  12. 1:16:50 Is the Four-Year Bitcoin Cycle Over?
  13. 1:18:51 What Will the New Fed Chairman Do?
  14. 1:23:35 The Bitcoin Layer

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This episode is 1 hour and 24 minutes long.

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This episode was published on March 18, 2026.

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