Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik explains how yield curve inversions always precede recessions. 0:14 Historic yield curve inversions as recession indicators 0:58 Current yield curve conditions 1:19 Fixed income 101 1:53 Why does the Treasury issue different maturities? 2:15 Relationship between yields and prices 2:30 Difference between the 10-year and the 2-year yield 3:08 Understanding the business cycle 3:39 What happens prior to a recession? 4:47 Flattening turns into yield curve inversion 5:22 2s, 10s relationship recap 5:49 Thank you to sponsors Zebedee and Voltage New YouTube episodes every Tuesday and Thursday. New Substack posts every Wednesday and Friday. Thanks to our Sponsors! ZEBEDEE: https://thebitcoinlayer.com/zebedee VOLTAGE: https://thebitcoinlayer.com/voltage Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL on Substack: https://thebitcoinlayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://www.linkedin.com/company/TheB... 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 Strategist Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 741998 #TheBitcoinLayer #NikBhatia #Bitcoin #BTC #Recession #Finance #Economics #Education

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