Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe discusses the rapid yield spike, yield curve uninversion, and why the market believes the Fed will cut rates sooner rather than later. New YouTube videos M/W/F — New Substack posts T/R/SThe Bitcoin Layer is brought to you by River and Foundation Devices.Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin.Go to https://thebitcoinlayer.com/foundation to receive $10 off your purchase of a Passport by Foundation Devices, the most intuitive bitcoin wallet on the market today.Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.comFollow TBL on Twitter: https://twitter.com/TheBitcoinLayerFollow TBL on LinkedIn: https://linkedin.com/company/TheBitco...Follow TBL on Instagram: https://instagram.com/TheBitcoinLayerFollow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayerSubscribe to The Bitcoin Layer on your favorite podcast platform.Subscribe and turn on notifications for TBL on YouTube.Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merchSign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistoryContribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.ggNik Bhatia's Twitter: https://twitter.com/timevalueofbtcResearch Associate Joe Consorti's Twitter: https://twitter.com/JoeConsortiCreative Director Matthew Ball's Twitter: https://twitter.com/matthewrballBlock Height 808894#TheBitcoinLayer #NikBhatia #JoeConsorti #Yieldcurve #USTreasury #Collateral #History #Recession #BIPS #UST #MBS #Trillions #Loses #Gains #Morgages #Morgage #Withdrawl #BTFP #Yieldspike #Fiat #Banks #Cash #Deposit # #Interest #Debt #Statistic #Rates #Interest #Expense #Premium #Treasury #Liquidity #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro The Bitcoin Layer and its guests do not provide investment advice.Chapters:00:00:00 - Economic Contraction and Yield Curve Inversion00:01:37 - The Uninverting Yield Curve00:03:10 - The Importance of Financial Plumbing in the Economy00:04:39 - Duration and Interest Rate Risk00:07:39 - Banks and the Borrowing Model00:09:02 - Banks Selling Assets and Seeking Bailouts00:10:31 - Financial Instability and Rate Cuts00:11:59 - Real-Time Updates on Global MarketsSubscribe to The Bitcoin Layer on Soundwise