Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik dives deeper into the Fed's Reverse Repo (RRP) facility and gives a brief history of its origin and function. He explains how the RRP relates to other portions of the Fed's balance sheet as well as other money market sectors. Lastly, Nik provides an update on Treasury yields, the yield curve, and monetary policy expectations.New YouTube videos M/W/F — New Substack posts T/R/SThe Bitcoin Layer is brought to you by River.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.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 817242#TheBitcoinLayer #NikBhatia #JoeConsorti #Recession #Recessions #TreasuryBills #Repo #ReverseRepo #CMEGroup #QT #QE #PMI #InvertedCurve #CPI #ISM #GDP #SOMA #Equities #Manufacturing #Steepening #HousingMarket #EconomicCycle #Housing #FederalReserve #Riskmarkets #USHousingMarkets #Global #GlobalRecession #CentralBanks #Banks #Economy #InterestRates #Inflation #Stocks #StockMarket #Yields #USGoverment #Bonds #BondMarket #Volatility #TradingView #Trading #Charts #Debt #Statistic #Rates #Interest #Expense #Treasury #Global #LiquidityIndex #Risk #Asset #Bitcoin #USD #FED #Dollar #Sats #Gold #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro The Bitcoin Layer and its guests do not provide investment advice.Subscribe to The Bitcoin Layer on Soundwise