TBL Weekly #7
Our weekly recap of The Bitcoin Layer posts, videos, and market analysis for the upcoming week.
A week of slow and steady gains for bitcoin while disinflation tells us that the Fed’s attempt to tame CPI is working, so far.
Welcome to The Bitcoin Layer Weekly #7! Grab a coffee and let’s dive in.
Nik explains our Fair Valuation Framework for bitcoin—a combination of three different valuation metrics we use to paint the clearest picture of bitcoin’s fair value:
Joe was hosted on Bitcoin Fundamentals by Preston Pysh to discuss the maturation of Lightning Network, bitcoin’s emerging capital market layer, and the macro landscape.
We are grateful to Preston for having Joe on for such a great Lightning and macro conversation! You can find the audio podcast linked below:
Nik gives an update on the ETH/BTC cross and several key levels that determine the future of the largest altcoin in the eyes of the market. Apologies on some misplaced decimals in the original post, they have been fixed now:
Nik walks you through one of the most important stories in bitcoin this year, Blackrock partnering with Coinbase to offer bitcoin through its Aladdin software to its institutional clients:
Just after the video was released, Blackrock also launched a private spot bitcoin (not crypto) trust for its clients.
Nik and Joe discuss the Fed’s possible hiking path, monthly inflation numbers that are no longer increasing, and how commodities are signaling further deceleration in the heavily energy-influenced CPI basket:
Bonus: our Economic Cycle Wayfinder (comprised of ISM Manufacturing PMI, UMich Consumer Sentiment, and NFIB Small Business Optimism) is trying to stabilize after a series of decent data.
Here is our market analysis for the week ending Saturday, August 12th, 2022. The notable events in our Market Monitor are continued slowing correlation between bitcoin and stocks and a 2s10s US Treasury yield curve that remains severely inverted:
Next week, we look forward to launching an exciting project as we continue expanding TBL into an all-encompassing bitcoin and rates research and education provider.
Have a great weekend everybody!