Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by real estate investor Kelly Lannan. Kelly breaks down the trouble brewing across the commercial real estate sector, including how new multifamily properties are unable to receive financing, existing properties are struggling to refinance due to reduced occupancy and higher rates, and whether the sector can survive until rates are lower in 2025. TSMC, Taiwan's semiconductor giant, and its new chip production facility in Arizona is also discussed. New YouTube videos M/W/F — New Substack posts T/R/S The Bitcoin Layer is brought to you by River. Visit https://river.com and start buying today, or use http://River.com/TBL to get up to $100 when you signup and buy Bitcoin Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitco... Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe 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/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 833175 #TheBitcoinLayer #NikBhatia #JoeConsorti #GlobalLiquidity #FinancialMarkets #MarketForecast #BullMarketInsights #RealEstateTroubles #CommercialRealEstate #FinanceChallenges #PropertyStruggles #RefinanceIssues #MarketTrends #SectorSurvival #2025Outlook #TSMCInsights #SemiconductorNews #MarketAnalysis #InvestmentInsights #RealEstateTalk #TSMCExpansion #Semiconductor #FinancingDilemmas #PropertyMarket #OccupancyRates #EconomicForecast #RealEstate #OfficeVacancy #ArizonaChipFacility #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #ETFPortfolio #ETFNews #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #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.

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