{"podcast":{"title":"The Bitcoin Layer","slug":"the-bitcoin-layer-7070444","podcast_index_feed_id":7070444,"rss_url":"https://feeds.simplecast.com/Y2219Riv","website_url":"https://mysoundwise.com/soundcasts/1665708396190s","image_url":"https://image.simplecastcdn.com/images/31efc846-0793-410a-9634-9cbb9ab441fd/a42dcdab-5758-48ca-b40a-791279675300/3000x3000/b_black_500x500.jpg?aid=rss_feed","author":"The Bitcoin Layer","episode_count":285,"summary":"The Bitcoin Layer is a premium markets research provider, covering bitcoin through a global macro lens | Research, Analysis, & Education Featuring Nik Bhatia, author of the #1 Amazon bestseller Layered Money and USC Marshall School of Business professor. Subscribe to our research publication and YouTube channel to learn about global macroeconomics, bitcoin, Lightning Network, the monetary and financial system, the Federal Reserve, interest rates, and geopolitics. Most importantly, develop a framework for understanding global markets—connect the dots between economic and financial concepts to see the bigger picture. Look no further for your bitcoin and macro education!","last_synced_at":"2026-07-31T20:19:22.621040+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444"},"episode":{"title":"Individual Ownership Peaked in 2024 and What Comes Next for Bitcoin","slug":"individual-ownership-peaked-in-2024-and-what-comes-next-for-bitcoin","published_at":"2026-02-24T22:07:06+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/individual-ownership-peaked-in-2024-and-what-comes-next-for-bitcoin","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://youtu.be/gij6bJkyH2w","audio_url":"https://cdn.simplecast.com/audio/93f29295-b98b-46ce-9822-223c512497e8/episodes/a65366f5-de08-4ac0-8033-2717939e4182/audio/770afacd-367b-4660-b5b5-13b8ab3595f7/default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"In this episode, Nik sits down with Sam Baker, Research at River, to break down River's second annual Bitcoin adoption report, covering how institutional ownership, registered investment advisors, sovereign holdings, and small business adoption all accelerated in 2025 despite price weakness. Sam explains why individual ownership likely peaked in 2024, why RIAs managing $146 trillion hold less than one basis point in Bitcoin, and what the ownership distribution trend implies for the decade ahead. Nik connects the data to his framework of Bitcoin as a tool of American economic statecraft in the US-China competition for global capital dominance.","meta_description":"In this episode, Nik sits down with Sam Baker, Research at River, to break down River's second annual Bitcoin adoption report, covering how institutional…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2394,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/individual-ownership-peaked-in-2024-and-what-comes-next-for-bitcoin/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/individual-ownership-peaked-in-2024-and-what-comes-next-for-bitcoin.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}