TBL Weekly #6
Our weekly recap of The Bitcoin Layer posts, videos, and market analysis for the upcoming week.
Rate hikes will persist, but bitcoin prices don’t seem to mind anymore. The number of active calls by The Bitcoin Layer fell from one to zero this week after 10-year yields reached our target of 2.50% (2.51% to be exact). Welcome to The Bitcoin Layer Weekly #6!
This is the first edition of our Bond Market 101 series on YouTube. Nik discusses corporate finance basics, debt versus equity, and introduce US Treasuries and the difficult-to-grasp concept of duration. We promise you’ll learn something in this one:
Nik gives us a global macro update and predicts the Fed will be hiking rates once again in September:
A Layered Money sighting at a Barcelona, Spain train station! The Spanish version, of course:
In this video, Nik summaries his post from Wednesday and gives reasons why the Fed should hike and why it should pause. Ultimately, he concludes that inflation by itself will cause the Fed to continue tightening monetary policy:
Joe breaks down the important dynamic between bitcoin and equites, including some crucial lead-lag analysis and market structure differences between the two asset classes. This was a valuable big-picture overview of how early we are in bitcoin:
Here is our market analysis for the week ending Saturday, August 6th, 2022. Notable events in our Market Monitor include materially slowing correlation between bitcoin and stocks and an enormous half percent inversion in the US Treasury yield curve:
Next week, we’ve got our eyes on CPI. Expectations are for a modest decline from last month’s reading of a 9.1% year-over-year increase. Look for an update from Nik on the ETH funeral watch.
Have a great weekend everybody!