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	Forwarded this email? Subscribe here for more Trader Notes: The Road to $4 Trillion Jul 18   READ IN APP   Dear Readers, Bitcoin is turning up the dial in the global battle for supremacy. That battle is fought between nations and their domiciled corporations. Bitcoin has gone from a burgeoning influence on global affairs over the past decade to a central component, all since the political tides gracefully shifted away from an arbitrary and capricious government treatment of the digital currency industry. Now, instead, the US is doing what it does best—favoring free enterprise and giving the giants a massive leg up on the little guy, but going digital. Today’s stablecoin bill vote shows just how desperate the US government is to bring back the accrual of dollar dominance to the United States itself. Bitcoin is the underlying collateral of this entire novel digital currency world. These green lights from the gatekeepers of the financial system make it exceedingly clear that bitcoin collateral will underpin an expansion of the capabilities of the financial sector to create leverage and money growth. What that does to bitcoin’s current bull cycle is where my thoughts focus today—on the market. At $120,000 bitcoin, the boom is still just beginning. Are you positioned for a decade-long rush? Join Tuur Demeester and Unchained for a high-signal briefing on where bitcoin’s macro momentum is coming from—and how to act on it. Institutions are accumulating. Onchain metrics point to growing bullish momentum, the Fed’s role in the current political climate is in flux. Featuring a macro update from Tuur and a clinic on self-custody from Unchained’s Tyler Campbell, this is your chance to align your bitcoin strategy with what’s next. 🗓 Tuesday, July 22 at 1PM CT Register Now The Financial Freedom Report is a weekly newsletter from the Human Rights Foundation (HRF) that tracks how authoritarian regimes weaponize money to control their populations and suppress dissent. It also spotlights how freedom technologies like Bitcoin are helping everyday people reclaim their financial independence and freedom. A one-of-a-kind newsletter connecting the dots between financial repression, geopolitics, and emerging tech. Smart macro analysts don’t just watch the Fed. They watch the world. Subscribe Today Blockstream Jade Plus is the easiest, most secure way to protect your Bitcoin—perfect for beginners and pros alike. With a sleek design, simple setup, and step-by-step instructions, you'll be securing your Bitcoin in minutes. Seamlessly pair with the Blockstream app on mobile or desktop for smooth onboarding. As your stack grows, Jade Plus grows with you—unlock features like the air-gapped JadeLink Storage Device or QR Mode for cable-free transactions using the built-in camera. Want more security? Jade Plus supports multisig wallets with apps like Blockstream, Electrum, Sparrow, and Specter. Protect your Bitcoin, sleep better, stack harder. Use code: TBL for 10% off. Take Control of Your Bitcoin Today Macro backdrop is liquidity Bitcoin wasn’t always a liquidity asset. It started as a virtual asset, one based in a cryptographic system that stood out as a genuine invention, and one that had been sought after for decades. This asset attracted a market because of its era-defining ingenuity. Then, the financial types started to catch on, and commenced the progression toward bitcoin as an investment product. It received flow, making it a liquidity asset that benefits from money migration, or sometimes, the byproduct of money creation. That is what bitcoin has become, and the stablecoin bill is a perfect example of that. It simply summaries the next $3 trillion that will accrue to the bitcoin network... 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 a bi-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