The Bitcoin Layer

The Bitcoin Layer

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The Bitcoin Layer
The Bitcoin Layer
Strategic Bitcoin Reserve, Dollar Destruction, & Global Markets Update

Strategic Bitcoin Reserve, Dollar Destruction, & Global Markets Update

Nik Bhatia's avatar
Nik Bhatia
Dec 19, 2024
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The Bitcoin Layer
The Bitcoin Layer
Strategic Bitcoin Reserve, Dollar Destruction, & Global Markets Update
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Dear Readers,

In my previous letter to you, I explained my thesis that the world is changing—this final note of 2024 will build on those ideas but keep a markets focus. As the battle to realign one’s approach to global macroeconomic analysis rages on, bitcoin’s central role in tomorrow’s financial system evolved from “one day we’ll see…” to “January might change everything” more quickly than almost everyone expected. Today’s letter gets into the game theory of the Strategic Bitcoin Reserve, the Fed’s actions yesterday, a tidy plunge in stocks, and revisit of dollar strength. How are all those BRICS currency people hanging in there?


As bitcoin's role in the global financial landscape evolves, understanding its potential impact on your wealth becomes increasingly crucial. Whether we see measured adoption or accelerated hyperbitcoinization, being prepared for various scenarios can make the difference between merely participating and truly optimizing your position.

This is why Unchained developed the Bitcoin Calculator – a sophisticated modeling tool that helps you visualize and prepare for multiple bitcoin futures. Beyond traditional retirement planning, it offers deep insight into how different adoption scenarios could transform your wealth trajectory.

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Explore your potential future


Today’s Topics

  • Bitcoin’s moment

  • Why we might never see this bitcoin price ever again

  • On-chain health check

  • Stocks down on hawkish Fed cut

  • Treasury yields spike above resistance

  • US Dollar strength builds

  • Euro outlook is miserable

  • Chinese currency by far global markets’ biggest story

  • Fed cuts but pauses

  • RRP adjustment & ample reserves check

  • Recessions, data revisions, and AI

The candlestick heard ‘round the world

When I combine technical analysis, behavioral study, and the fundamentals of what happened in November, I’m biased to make a bold prediction about the bitcoin price.

It is now my base case that bitcoin never trades below $80,000 ever again. Hear me out.

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