Nik Bhatia is a financial researcher, CFA charterholder, and Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Securities where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensinve trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in Social Sciences from USC and a Masters in Finance from IE Business School in Madrid, Spain.  We discuss US Treasuries, the Gold Florin, the discipline of hard money, how banks use their balance sheets to create money, the US vs China, CBDCs, are financial panics avoidable in a fractional reserve system, Hal Finney and so much more.  Ledn provides financial products to help you unlock the power of digital assets. With a secure and easy-to-use platform, it’s the simplest way to earn interest, borrow, and trade your BTC and USDC with some of the industry’s best rates. First in class when it comes to accountability and transparency, Ledn offers Proof of Reserves attestations and a highly responsive client success team, giving you peace of mind while you make the most of your Bitcoin. Learn more, sign up, and start earning at https://start.ledn.io/bitcoinmatrix. Use this code to take a LEDN loan and we both get $25 USDC.  Follow Nik @timevalueofbtc Check out his website LayeredMoney.com Buy Layered Money here: www.amazon.com/dp/1736110527 Make sure to subscribe, listen, learn and share the Bitcoin Matrix podcast. Follow the Bitcoin Matrix on twitter @delabtcmatrix Follow me on Twitter @CedYoungelman