Bitcoin’s Volatility Is Dying (And That’s Bullish)

In this Global Macro Update, Nik walks through a chart pack of more than 100 charts, starting with the bitcoin gold ratio charging back above 20 while global bond markets remain in meltdown. He shows why bitcoin versus gold has tracked bitcoin versus the dollar for its entire life, why treasuries lost more than 27% of their value over five years, and why bitcoin's realized volatility keeps compressing as it gets absorbed into the financial system. Nik explains why that compression should pull institutional allocations higher over time, why the Fed began hiking this month into rising yields worldwide, and why he expects a massive money creation event out of Europe before the United States. The Bitcoin Layer and its guests do not provide investment advice.