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͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more TBL Thinks: Trump Chooses Treasuries, Book Excerpt in Special Report TBL Thinks Mar 13 ∙ Preview   READ IN APP   Dear Readers, It’s Thinking Time! Buckle up for a quick recap of global events. This week we cover our fearless leader’s economic messaging and its repercussions. TLDR: the Trump administration has chosen the Treasury market over the stock market, and everybody is trying to play catch up. TBL Thinks is our way to summarize the most important paywalled, longer reads relevant to global macroeconomics, helping you cut through the noise. With that in mind, please enjoy. Check Out Our Latest Free Research Report with Unchained This special report with Unchained is an incredibly deep dive into bitcoin’s relationships across global macro. It contains fascinating insights and takeaways from a wide variety of statistics, and we are proud to feature an excerpt from Chapter 10 of Nik’s new book Bitcoin Age to open the report. Don’t miss our conclusions about how bitcoin is weathering the storm through every type of market. Access Report Bitcoin is the ultimate scarce asset. Join bitcoin macro expert Nik Bhatia at a live online event on March 17th for Death, Taxes, & 21 Million. Learn how to shield your wealth, leverage tax-advantaged accounts, and secure your bitcoin for future generations. Your financial advisor, accountant, or attorney might not be up to speed on bitcoin—don’t get caught off guard. Sign up to attend this live event! A Scoop of Rocky Road for America... Subscribe to The Bitcoin Layer to unlock the rest. Become a paying subscriber of The Bitcoin Layer to get access to this post and other subscriber-only content. Upgrade to paid A subscription gets you: TBL Pros receive weekly 'Mean, Median, Mode' report TBL Pros attend monthly live Q+A sessions TBL Pros can personally request analysis & community discussions   Like Comment Restack   © 2025 Nik Bhatia 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe