How Bond Markets are Transforming Bitcoin: Government Strategy, MicroStrategy's Model

Nik Bhatia reveals how bond markets are creating unprecedented Bitcoin demand through credit creation and repo market dynamics. The former bond trader explains MicroStrategy's groundbreaking convertible note strategy and projects how sovereign nations might leverage similar mechanics. Discussion covers Trump's potential Strategic Bitcoin Reserve, the symbiotic relationship between USD and BTC, and why traditional finance is naturally gravitating toward Bitcoin integration. Bhatia shares insights from his upcoming book "Bitcoin Age" and details why his original bullish thesis wasn't bullish enough.

Nik on X: https://x.com/timevaluebtc
Layered Money: From Gold and Dollars to #Bitcoin and CBDCs: https://www.amazon.com/dp/1736110527/

0:00 - Intro

0:51 - Strategic reserve

9:00 - Does bitcoin threaten the dollar?

13:06 - Bitcoin began more open than the internet did

16:55 - Unchained & Fold

18:53 - Strengthening America

22:43 - MSTR, buying bitcoin with new money

36:30 - Fold

36:20 - The investor-initiated chain

44:00 - How sustainable is the bond strategy?

52:00 - Bitcoin inside of sovereign bond structure

56:39 - Critics don't see the wider context

1:03:00 - Bitcoin is the best survival tool

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