Bitcoin Crushes Gold Amid Iran War: Nik Bhatia on The Money Block™ EP104

Warning, the following program was produced for traditional broadcast

television. Over 12 minutes of commercials have been removed, but interruptions

are still included. Thank you for watching. Bitcoin is up 22% this month versus gold.

The Iran War has basically taken over the headlines. Bitcoin is outperform stocks,

outperform gold during the war. I think it's material it is interesting to see.

The United States is embracing Bitcoin as a technology. As Bitcoin grows,

the United States continues to win that feeds back into its power projection and feeds back

into the dollar system, which I don't think is going away. I think you're in the reset process.

No, I don't think it happens suddenly, but there are moments that are sudden in history,

such as the closing of the gold window.

The United States has been removed from the gold window.

Government of people and people in this history will talk in front of its story and fall.

Welcome to the Money Block with Matthew J. Ball.

The Bitcoin focused program that's waking the masses to the fiat money Ponzi scheme.

Money is changing and your freedom is at stake. So stick around and learn how to empower

yourself for this new digital age. Now, here's your host Matthew J. Ball.

And so welcome, America. Welcome, world. You are here at the right time, right place.

That's right. We are America's Bitcoin focused program on traditional television,

radio. We're all over the place. Coast to coast on, uh,

Biz TV. So I just want to welcome all of you Bitcoin, newbies, lovers and experts.

This is the program where we have very phenomenal, deep, meaningful conversations about the economy,

about Bitcoin technology, history. We touch it all. So you're here at the right time,

right place. And I've got a great guest today. Our guest, his name is Nick Batia. He is the founder

of a company called the Bitcoin layer. He's a well-known author. He's also an

adjunct professor of finance at USC Marshall School of Business. So you're in for a real treat

today. So I'm going to go ahead and just dive right into it, bring our guests to the stage,

because we got a lot to cover today. Hope you put your thinking caps on. We're going to talk

some macro events. But, uh, but Nick, uh, welcome to the program. Uh, so excited to have you today.

I guess I want to start this off here since we have a short first segment. I want to give the

viewers a, uh, a preview of, of kind of the conversation we're going to talk today. Um, and,

and Bitcoin is up 22%, uh, this month versus gold. And, uh, the Iran war has basically taken over

the headlines, uh, a lot's going on. Um, but what has your attention right now when it comes to

the markets? Matthew, thank you for having me. Yes. As a Bitcoin researcher, sometimes I forget

that Bitcoin is also, you know, this fundamental technology, which is how I got into what Bitcoin

is and my interest in it. But today, Bitcoin is driven by global macro. It's driven by liquidity.

And at the Bitcoin layer, our whole framework is around liquidity. So what am I watching? I'm

watching the dollar. The dollar going up is dangerous for all risk markets and it going down

calms the markets. There's a lot that goes into why that dynamic holds. But the dollar is dominating

markets right now. Yeah. And, uh, you're also, you're, you're an author of a couple books. Do you mind

mentioning those books real quick? Yes. Layered money I published in 2021. Layered money is an

introduction to money. And it explains Bitcoin from a historical perspective. Why it is the most

similar to gold and unlike dollar money in any way. My second book, Bitcoin Age, published

last year is a much deeper dive into Bitcoin's origins. Specifically, it's software origins and

the inspiration from the credit money system, which just cannot help itself continues to expand,

no matter what. Yeah. Well, the macro economics, the picture that you're describing that you're

having to pay attention to the world economy, the dollar, all these things are a big part of it.

And the Iran War, I do want to dive into that a little bit. I know you're probably having to

focus a little bit on the effects of that when it comes to Bitcoin and the markets. But we got

a run to break. So I want you guys who, if you're watching this show, be sure to call a friend,

have them tune in. And if you're watching online, well, be sure to give us a like, subscribe,

comment, be a part of the conversation because, man, we are going to have a loaded conversation

today. And I'm really excited to dive into this, this whole concept of what our guest brings

today and how it relates to the macro economic events of today. So stay put, stay tuned. We will be

right back after this break. You are watching The Money Block.

What does it mean to be physically, spiritually and financially free? The right to life,

liberty, property, and the pursuit of happiness, these were the ideas that made America. But what

happens to these ideas when America's money becomes compromised? What do you do when the very

thing that you're working for day after day is fundamentally designed to enslave you? Whether it

was a conspiracy or not, you won't believe what is about to happen in this country.

Arm yourself today with the truth and build your life on the Foundations for Liberty. Rediscover

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matjmore.com. Again, that's matjmore.com. Don't wait because freedom is never more than one

generation away from extinction. And welcome back, ladies and gentlemen. It is a segment to

round two of The Money Block. We really appreciate you tuning in because today we got a loaded

conversation with a guy who knows a lot about not only Bitcoin, but macro economics. He's definitely

somebody that I'm so happy to have on the program. He's going to bring some timely information.

But before I bring him back on, I want to go ahead and just remind you guys that as we

go through this show and we talk about some of these concepts when it comes to sound money or

economics, don't feel overloaded because it's a lot to take in sometimes, especially if you're

new to the space. So as a thank you gift, I just want to let you know that I'm going to give away

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if you want to just get out your phone scan that QR code that pops up right there on the screen,

that's my way of saying thank you. Just download it. It'll help you through your journey of becoming

more sovereign over your finances. All right. Well, on the line, we have a guess that like I said,

I'm excited to bring on because we are covering the recent performance of gold and Bitcoin.

I know there's been kind of a battle. They've been duking it out of the last year. If you want

to see it that way, some, some seem to them allies, but also the Iran war is going on. It's picking

up headlines and could that potentially be part of a larger picture of a macro reset? Are we

coming into a Bitcoin age? Well, like I said, our guest today, he's going to answer some of those

questions for us today. It's Nick Batia. He's the founder of the company known as the Bitcoin

layer. He's a well-known author and also an adjunct professor of finance at USC Marshall School of

Business. But Nick, I know before we went to break, we kind of teased a little bit and got your

take on what you're watching. You said you're watching the dollar in context of what's going on. But,

you know, war is often a blind side when it comes to the macro economic picture. What's your

current interpretation of Bitcoin's price action in relation to what's going on?

It's been relatively strong and I think it is impressive, especially with the weakness in

the stock market. So Bitcoin is outperform stocks, outperform gold during the war. I think it's

material. It is interesting to see. I don't like to make a quick judgment here because like you

said, the fog of war, it always makes the information, you know, it's interesting to analyze. I'm

obviously not an expert in geopolitics, but part of global macroeconomic study is constantly

watching geopolitics, understanding that there can be volatility events that come from places

that you can't see necessarily like the Middle East. I mean, it's always something that pops up

and oil is always responding to events in the Middle East. What the throughput is to volatility

and the rest of markets is always less certain. So Bitcoin has performed quite well relatively

speaking, but I want to mention the fact that Bitcoin had a terrible November, December and January

bottomed somewhere in the early February range as volatility was starting to build up

and way before stocks genuinely rolled over and oil started to take off and then volatility

started to react just broadly speaking. So did Bitcoin's price action at the end of last year

and the beginning of this year proceed the liquidity dump that we had since the war, which is due

to volatility. So was Bitcoin an advanced indicator and is what stocks doing right now, which is

rolling over, of course, the headlines are moving things around at all times, but is that simply

a delayed reaction to what Bitcoin was pricing in a little bit earlier? I suspect that is the case

and we've seen in the past Bitcoin lead stocks up and down before or during liquidity events. So

that's a thesis that I'm working with and I would be, but it's my base case scenario that

something like that has happened. So in relation to often gold is seen as a flight to safety,

especially during times of war, has it been surprising that Bitcoin has performed the way it has

and then gold has kind of gone down during this time of war? No, it's not interesting because

the Matthew, what you really have to do is zoom out and see that gold has doubled over the recent

past. And so that doubling of gold is not common. That it's way outside of gold's historical

standard deviation of returns expectations. And so when you see a move like we did basically from

this 2000 breakout to way above 5,000 now somewhere in the 4 to 5,000 range, that's a doubling.

It's an overshoot and then a correction. And now you're back to even above the trend expectation

in or if you were to compound a few years of gold returns, you're still materially above that

type of range. So gold has reacted over the past couple of years to a broad,

monetary reset, reordering of the global system, death of the world trade organization,

tariffs worldwide, US China, you know, I wouldn't say that the relationship between the United

States and China is bad. It is a trade cold war, but it also is anchored in a co-dependency.

So there is a strong co-dependency and a friendship. I think that's underappreciated between

these two countries because we get so many headlines and even I'm writing about the cold war

between these two countries all the time because there is a defense buildup too that is directly

targeting each other that we can't we can't hide around that fact. I mean, that's just absolutely

the case. So gold is reacted to all of this reordering over the last couple of years. That is for

sure. And gold is a 30 to 40 trillion dollar asset, you know, 30 times or 20 times the size of gold

depending on how you slice it. So gold has been telling us a huge story. What it has done

in the last month relative to the dollar price and relative to Bitcoin doesn't give me

signal about how gold is functioning and will function in the future, which is it is still

a very important global asset, a neutral asset and price can overshoot, right? So I think that

we're in an adjustment here and I wouldn't make too much of it that oh gold has performed poorly

in the war. Bitcoin has performed well. So Bitcoin is the future of money and gold is dead.

It's definitely not that extreme and it's somewhere in between. Okay, well, you know, and I see

your point there and I also, you know, we talk about war being this this wild card in the situation,

but when it comes to commodities, when it comes to the dollar in Bitcoin, I know we don't have a

crystal ball. We can't be totally confident, but is there anything that you have some sort of

general directional confidence in where in where this goes when it comes to those three asset classes?

Well, I think gold won't have a deep bear market. So it'll find some stabilization level,

let's say around four thousand somewhere between three and five. It might consolidate there

for a couple of years. This is actually how this price action goes. And then once it builds momentum,

again, gold is heading to five eight ten thousand dollars over the next several years. I believe

that that will continue to happen. And on the Bitcoin side, you know, my expectation is that

Bitcoin continues to follow its adoption path. It is exhibiting a power law relationship with time.

That's something that has a lot more math to it, but basically as time goes by, Bitcoin adoption

increases, as adoption increases, also the price reacts to this increased adoption. And so my

expectation is for Bitcoin to approach and surpass a million dollars in the 2030s. Yeah.

And that is the way that I try to think about markets, even though my liquidity framework is

actually 30 days cyclical and zooms way into the picture on what's driving markets in the short

term. I like to anchor my framework in the long term. Yes, I believe Bitcoin is going to a million

dollars in the 2030s. That is those are still outsized returns relative to historical stock market,

for example, as well as gold. So it's something it's a special opportunity. And the extreme volatility

to the naked eye makes it unpalatable to many. I understand that. But if you get to the education

of what it is, and both of my books help you do that, they help you get to the point where you

understand what you're getting involved with. And I think that that is how I try to lead.

So we've got about a minute before we have to go to break, but you're kind of a big picture guy,

but do you think that Bitcoin has bottomed or a lot of people are calling this a bear market?

I do think that Bitcoin is bottom. I think you hear a lot of analysts say, well, it could test

the lows one more time, but I think we're in a deep value range. Well, that's a sound take,

and we could see one more bottom, a lower low, potentially in a washout.

You do have to call a spade a spade and understand that if in my base case scenario,

the downside from here at around 70,000 is 10 to 10 to 15,000, say even 20,000, say down to 50,

it's the bottom. And the upside is a million over the next five to 10 years. It makes a lot of

sense to accumulate here. I love it. Well, we are going to head to break, but when we come back,

we got more great conversation with our guest, Nick Batia, and man, stay put, stay tuned. You are

watching The Money Block. We have more great content coming your way.

And welcome back, ladies and gentlemen. It is round three, segment three of The Money Block.

You're here at the right time, right place. That's right. We are coast to coast on Biz TV,

and man, we are excited about today, because we're talking about some macroeconomic

related events. We're talking Bitcoin. Is there a Bitcoin age on the horizon? And what about

these whole talks of resets and war? I mean, obviously, the Iran War is taking over the headlines

right now, but we got a great guest that's going to help us cover some of these topics today.

But before I bring them back on, I just want to give you a friendly reminder that I'm given

away a free gift. It is a digital download of my Amazon best-selling book, Foundations for Liberty.

It'll give you the principles, ideas, and tools to help prepare you as we go on into, well,

some people might say a monetary reset, but sound money specifically. You need to be informed

about what sound money is, how it plays a part in your portfolio, but more importantly,

times are changing, so we need to be ready. So be sure to get out your phone, scan that, and

get you a free download. All right. Well, on the line, like I said, we've had our guest, Nick

Batia. He's the founder of a company known as the Bitcoin layer. He's a well-known author.

He's an adjunct professor of finance at the USC Marshall School of Business. But Nick,

I want to pick our conversation back up here, which is, you know, I want to kind of hit on the war

a little bit more. You know, as if the war continues to escalate, people are expecting

that money printing might be a big part of it, because, you know, financing the war is going to

play a big part in it. If this were to happen, and money printers go burr, as people like to say,

would you expect gold to start performing better and just overall assets in general to perform

better, perform better because of all this new liquidity? Yes. When you talk about money printers,

and what you're really talking about isn't necessarily the central banks, and I think that's a

common misconception, it's not that the Fed will print money. And what the war does, I wouldn't say

guarantee it. I don't want to use that word, but what the war sort of locks in for us is more

defense spending, which is, remember, it's the treasury that spends the money into the economy,

whether it's on services like Medicare, Social Security, or defense, which is a good, and weapons

purchases, for example, salaries of soldiers, for example. So there is a, there's a strong wave

of liquidity that comes to the market simply when the treasury borrows and spends. And they're,

remember, they're not in surplus. So it is debt generated expense. Now, who buys the debt? Is it

existing money, or is it new money, or a combination? Well, banks, not the central bank, but banks

do absorb debt, government debt, and when they do that, it's new money that comes into the economy.

And the, the balance sheet mechanics that allow them to do that is basically when the treasury

spends money, the recipient of that spend is the customer of these banks. So they just offset

their customer's new money with treasury debt. And the whole system expands because of this.

Now, in a crisis, the Fed has come in and bought that debt as well. It winded some of that

position down over the last couple of years. Now it's, now it's building that position

back up in treasury bills. So the Fed is on margin right now printing money that goes into the

treasury that is spent into the economy. But we have to be specific that it's the government spending

money. That's the real money printer. Because at some point, the existing money that's buying

treasuries does run out. And the banks have to absorb. And in a crisis, then the Fed has to absorb.

You are correct. And you've been talking about the treasury markets over the last couple days,

as well as I've seen on X. But there's this common conception that American debt is becoming

less popular. And what happens in a situation? Do you see the American, just the overall,

United States being able to sell their debt in the debt markets as effectively as they have in

the past, despite what's going on? Yes. I understand the quantity of debt and the level of debt to GDP

are historically very high. There's no getting around these statistics. However,

the $39 trillion treasury market must be put in the context of $348 trillion of global debt.

That's the quarterly international institute of finance statistic, the latest one that we have.

I believe it's $348 or $349. Either way, we're talking about a number that is approximately

10% slightly above 10% of global debt is the treasury debt. So the question you have to ask yourself

is, is the US treasury debt in terms of worthiness of holders owning it? Is it in the top 10% of global debt?

And the question is answered really by interest rates because that's the price. And we see that the

United States has a lower yield on a dollar in the dollar world than the rest of the bars in the

dollar world. And on an FX-adjusted basis, at the bottom of the global range. That doesn't mean

there aren't countries that are lower rate and even FX-adjusted that are the market is saying,

this is generally more attractive. So I'm not saying it is the top 10%, but you have to put it in

context of $350 trillion or else you're not really conducting the right analysis. So it's not just

is the treasury market overblown? Well, the global debt market is large. So make your assessment

within that. That makes sense. Well, we've got a couple minutes before we have to go to our next

break. But I mean, a lot of people in alternative finance space, they come off sometimes as

as alarmists or they're calls for predictions of a financial reset. Someone like yourself who's

well researched level-headed and you got a lot to bring to the table here. But does such a reset

happen gradually or is it all of a sudden? I think you're in the I think you're in the reset

process and no, I don't think it happens suddenly, but there are moments that are sudden in history

such as the closing of the gold window Nixon in 1971. That was my understanding a weekend decision

that was very closed door and sudden. It doesn't mean it wasn't necessary. My research does tell me that

decision was necessary for the longevity in the health of the United States of America.

Other decisions such as the English decision, the Great British decision to suspend its gold

standard in the early 1930s. These are particular moments that reset the world. So it is possible,

but there are many more situations where the system does adjust. There may be is a meeting at the

middle. For example, the Plaza Accord meeting in the 1980s. If you look at the chart of the dollar

versus its competitors Japan and Germany at the time before the euro existed, you can track the

change in price to that day. But the price adjustment happens over several years.

When we come back, I want to touch on that more. I want to go a little bit deeper. I know we had

a little bit of time here, but I wanted to tease the topic because I do want to follow into that

a little bit more, but also this idea of a Bitcoin age which you've written about and your book

layered money. But when we come back from break, we're going to go deeper with Nick. So I want you

to stay put, stay tuned. We got more great content, great conversation coming right up on the money

block. All right, we'll see you guys after this break.

And welcome back, ladies and gentlemen. You are watching The Money Block. This is round four,

segment four. And yes, we are coast to coast on this TV bringing you all this great Bitcoin

related content. Man, you know, this conversation today has been great. We've got somebody who knows

the thing or two about macroeconomics, Bitcoin. He's been giving us some insightful thoughts on

where he thinks things are and where they are going. But before bringing back on, I just want to

let you guys know, as usual, I've got a free gift that I'm offering. It's a free digital download

of my Amazon bestselling book, Foundations for Liberty. You can check it out by scanning that QR

code right there. You can download it for free. And it's my way of saying thank you for tuning in.

Okay, well, you know, I want to pick up our conversation here today on this, on this episode,

we have been covering the topics of, you know, how gold's performance has been,

Bitcoin's performance. And then in this whole, you know, I ran war stuff that's going on. I mean,

a lot of uncertainty. The markets are worth watching right now. And my question is, you know,

there's a lot of talk about resets, talk about Bitcoin playing a bigger role in the economy.

And, you know, our guest today, he's written a book about the Bitcoin age. He's also written a book

about layered money. But our guest, Nick Batia, he, he's, like I said, an author. He's the founder

of a company called Bitcoin Layer. He's an adjunct professor of finance. But Nick, let's pick up

our conversation here. When, before we went to break, I was kind of teased in the idea with you

about, you know, resets and, and, you know, are we, we're obviously in the middle of a transition,

a monetary transition. And we, we're talking about whether it happens slowly or whether it happens

suddenly. And you made the point that there, there are points in history where sudden things happen.

But we are most likely in the midst of this transition right now. Is this, is this bringing us

closer to what you would call a Bitcoin age? It is. And here's the thing about these resets that

you're talking about. As a former treasuries trader, this is where my background is on a,

on a rates desk, trading these bonds. As a former trader, my vantage was, what is the use of the

Treasury security around the world? Is it used and by whom and to what extent? And how is it used?

And why is it used? And all of these questions are answered by the power relationship between

the United States and the rest of the world. It is about power. So if you are betting on a

reset, a true reset, if you follow the logic there, what, you follow it backwards, what you're assuming

is that the United States power relationship with the rest of the world is going to reset.

So I think that some of the, and maybe people do believe that, that the US and its power

relationship with the rest of the world is about to take a genuine step down. China is about to take

a step up, maybe even past the United States. And that's the reset. So if your opinion is a global

reset or a monetary reset even, then I would have to assume you believe China will take over the

United States in that power relationship between the two countries and between these countries

and the rest of the world because it's, it's holistic. You have to look at it like that.

I do not believe that that is the case at all. So the reset isn't, it's not a reset to me

from that perspective because I believe the United States hard and soft power is and will continue

to grow here over the next decade to decades. It's very hard for me to think 50, 100 years. No,

I see what I see now and I see the United States becoming more powerful. So it's not a reset to me.

However, for Bitcoin, bringing in Bitcoin here, the United States has made a Bitcoin embrace.

And it's not just what happened in the 2024 election cycle and executive orders during

2025 and the G's genius act. It's not just that. It started, it started near the beginning

with positive IRS rulings. Commodity's future trading commission rulings, SEC rulings,

judicial rulings. Actually, the SEC was one of the main blocks to that Bitcoin embrace,

but the judicial system came in and bodied out the SEC and said, you, you're wrong.

This is allowed. We're going to let everyone do whatever they want with this thing. We're going

to embrace it. The genius act really starts to lock in the embrace of Bitcoin under the surface

because it is about stable coins and power projection around the world. So it's, for me,

it's not a reset because the United States is getting more powerful. Bitcoin benefits because

the United States has embraced it. So Bitcoin gets an American, you know, asterisk or tag. It

doesn't mean that the United States has co-opted Bitcoin. It doesn't mean that it's any necessarily

less centralized, although you can argue that if, you know, you're playing semantics.

But the United States is embracing Bitcoin as a technology saying, this is something that started

as decentralized and non-domesticated. And while we can't domesticate it, we are going to do

everything to make sure the domestication of Bitcoin can be done freely and at scale in the United

States and win on Bitcoin. And then as Bitcoin grows, the United States continues to win that

feeds back into its power projection and feeds back into the dollar system, which I don't think

is going away. So it might be quite different than how other people are phrasing it. But this is how

this is how I conduct my analysis. Yeah, a lot of people do make that a comparison of

pitting the United States and China, you know, China being the rising power. But I fall along

the same lines as you here. And I guess I want to get your take on this, you know, historically,

if you look at patterns of world reserve currencies every 80 to 90 years, there's some kind of

shake-up or transition of, you know, who gets that title. Could it be that, you know, obviously,

the dollar has had that title since after World War II, but with the United States embracing Bitcoin

and putting it on the balance sheet and bringing commodities like gold back to the table,

could they basically be maintaining the crown for that much longer because they understand that,

hey, we need these to survive this transition and remain the world reserve currency.

You said the key word, Matthew, it's the crown. And it is King Dollar. And I do agree that King

Dollar is here to stay. Bitcoin is not a challenger to the dollar in the denomination sense from a

balance, a global balance sheet perspective. It actually cannot be because of the way that the

credit system is designed. So my second book, Bitcoin Age, does explain this to people that the

credit system is the system that governs the global economy. That system, I don't believe,

is being threatened by Bitcoin. And the United States embracing Bitcoin helps the world understand

that the dollar denominated system is here to stay. And Bitcoin is an asset that you can own that

can strengthen your balance sheet. But it is just that an asset. It's not a global financial system

by itself. And that distinction, I think it's good for Bitcoin. Bitcoin doesn't need to become

a global financial system. It doesn't need to be the denomination on the S&P 500 companies balance

sheet. It actually cannot be because the way that the system borrows money is through the

financing mechanism, which is a banking mechanism and all dollar denominated. So I'm not ruling out

a multi decade transition into Bitcoin as a currency system. But I mean, listen, I have to teach

students in a classroom, you know, in person. And I can't be telling them what I think is going to

happen in 50 to 100 years. That's not education. Speculations. And I'm not dismissing people that do

that. The big thinkers. And I can also spend some time doing that too. What I think is going to happen

over many decades. But I have to write for people that want to know what's happening now,

how to invest their portfolio. I have to teach students, young minds, how the system works today,

explain to them how it's broken in the ways that it is. So that's why you hear me speak and

really try to avoid what's going to happen in 30 to 50 years. Because I don't think that serves

my students and my readers a purpose. And not that I don't love to read people who are doing that

type of brain exercise and speculation too. That's I guess that's part of good analysis.

Yeah. And it's also entertainment too when you think about the predictions. But you know,

we've only got about 40 seconds before we got to go to break. But I guess stablecoins also

are this other weapon that the United States has in their pocket to maintain the crown to

increase dollar demand. Is that correct? Absolutely. I've just finished the draft of my paper with

Bitcoin Policy Institute about stablecoins and that power projection. And I'm really excited for

people to read that paper when it comes out. It'll be out very soon sometime in April. So

I'm looking forward for you know, for people to read that and policymakers will be taking a look

at this paper and seeing, hey, we have the Genius Act. Now how can we use it? Good, good, good

point. And when we come back, I'll have I want you to share how people can get in touch. Follow

your work. Maybe good stuff. Great conversation. Guys, we will be right back after this break. You

are watching The Money Block.

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What does it mean to be physically, spiritually and financially free? The right to life,

liberty, property and the pursuit of happiness. These were the ideas that made America. But what

happens to these ideas when America's money becomes compromised? What do you do when the very

thing that you're working for day after day is fundamentally designed to enslave you? Whether it

was a conspiracy or not, you won't believe what is about to happen in this country. Arm yourself

today with the truth and build your life on the foundations for liberty. Rediscover freedom

in the 21st century and grab a copy of my Amazon bestselling book Foundations for Liberty.

For just $11.99, you can support this radio show by finding a copy on Amazon or by going to

matjmore.com. Again, that's matjmore.com. Don't wait because freedom is never more than one

generation away from extinction. And welcome back ladies and gentlemen, final segments of the money

block. Appreciate you tuning in. And if you're watching, well, we're coast to coast on BizTV.

And so excited about today's show. It's been a good conversation with our guests. We've been

covering Bitcoin gold macro resets. We've been talking about this coming Bitcoin age. And our

guest today, he has brought some some great knowledge, great insight our way. His name is Nick

Batia. He is the founder of the company known as the Bitcoin layer. He's a well-known author and

adjunct professor of finance. Nick, let's let's dive back into it since this is a shorter segment here.

You know, although we're not we're not going to give financial advice, obviously a lot's happening

in the world. But somebody who is maybe new to Bitcoin, maybe they haven't bought any Bitcoin,

or maybe they just did. What kind of advice do you have for people who are new as we kind of move

into this Bitcoin age is buying Bitcoin enough in your opinion, or do they need to be educated

in a whole other way? It's a very good question, you know, and we also as a research firm,

we avoid financial advice. We're trying to help people with their own investment decisions,

make informed decisions. So what would be my advice to somebody new? Bitcoin is a long-term asset.

If you see the volatility and get freaked out, and if you even if you've held it for a year or

this last six months was something that you couldn't stomach, then it might not be for you. Because

Bitcoin will do things to your emotions with its ups and downs that no other asset in history

has ever done. And bubbles have happened in history, but bubbles burst and then whatever burst it

dies. Basically, there is no, there is no after market, you know, for these types of things that

were the bubble burst. Bitcoin's not a bubble, because it's risen to new heights after a

legit bubble burst. So it's not a bubble. Actually, it's something else. It's a new organism.

And read, read my books. Both books are very accessible for non-financial people. It can explain

to you what is gold, what is money, and how Bitcoin compares in the first one. And then the second

book is what is Bitcoin? What is it? It's a technology. It comes from the internet. It's a protocol.

It has these rules. I explain it all in simple language. So you have to understand that it's a long

term asset. If you don't want to read the technicals of what Bitcoin is, that's okay. I tried to

write the second book so that anybody could give it one read and understand, okay, this is Bitcoin.

I don't need to go deeper into the technicals. But if you don't even want to try the technicals,

take the first book and understand what is money and why Bitcoin is like gold and not like the

dollar. Those are some of the basics that can help you hold Bitcoin over the long term. I think the

power law relationship is underappreciated. And that's something that I'm trying to explain myself.

It's not in either of my books. So it will probably be in my next one. But I do write about the

power law at the Bitcoin layer for people so that they can understand. What is the power law

relationship between Bitcoin and time? Is Bitcoin just guaranteed to grow in value as we pass through

the years? In some ways, yes, the power law relationship does suggest that. And so holding Bitcoin

for a long time is the play if you are new. The volatility is there to scare you, but it's also

there as evidence of this uncertainty around whether or around what it is. Therefore, the driving

force behind writing books about Bitcoin, because I really do want people to understand what this

thing is. If you see it as a bubble or as a hype trend, you won't understand it. You won't

capture it and you'll come to it and then you'll leave it. And that's not the way to approach it

for new people. So approach it with a long term mindset. Don't approach it as a trade. Don't

approach it as the next hottest thing. Take it seriously. And hopefully you can see that I've written

two books about it. So I'm trying to take it seriously for you guys for the readers because that's

my job as a teacher. My passion is actually teaching and the writing is the product of that passion

wanting to help people. You know, can you go ahead and mention the titles of those books and where

people can find them? Yes. So people can find all my work at thebitcoinlayer.com. The two books

are called Layered Money and Bitcoin Age. You can find them on Amazon and they're both on

audible, great audio books, quick five hours and less for each of them. So people can, you know,

in a few draw, in a few drives can tackle each of these books. And so Layered Money and Bitcoin

Age, Amazon, Audible and everything that I'm doing is available at thebitcoinlayer.com.

And can they easily like say they wanted to follow you on X or something like that? Could they

find that there at the website as well? Of course they can. I'm on X at Time Value of BTC.

You can Google Nick Bautier and find me across all the platforms.

Well, we have about a minute. Is there anything we didn't cover that you wanted to clarify or

speak on make mention of? You know, in terms of the short term movements, I think people are scared

of the oil moves and the throughput to the rest of the financial markets. I would suggest watch

the dollar in volatility. That's what we do at the bitcoin layer. We have a proprietary index

called TBL liquidity. And this is our calculation of the influence over financial markets. So our

indicator for pro subscribers, this is what helps guide the short term understanding of why it's

going up, why it's going down, be able to process that. That yes, okay, it's dollar strength

that's causing. And right now, the oil weakness is causing dollar strength, but really it's

this volatility and dollar influence over the bitcoin market. So if you guys are interested in

the short term and the long term, the bitcoin layer is a great place for you to really put

some numbers and some frameworks behind what moves bitcoin price up and down the short

and medium term. I love it. All right. Well, website one more time. The bitcoin layer.com. You can

find everything that we're doing there. I love it. Well, Nick, thank you so much for joining us

today. It's been a wonderful conversation. I enjoy following you on X and I look forward to

reading more of your future work. But ladies and gentlemen, if you're watching this program,

I highly recommend you download or buy his books because he's got a wealth of knowledge and times

of changing history is changing. It's maybe for the good, maybe for the bad, but hope. You know,

I hope I have hope and bitcoin brings me that hope. All right, guys, well, we'll see you

at the same time. Same place. Thanks for tuning in. Adios.

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