{"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":"The Everything Bubble Is Over: Michael Howell’s Warning for 2026","slug":"the-everything-bubble-is-over-michael-howell-s-warning-for-2026","published_at":"2026-04-01T00:00:00+00:00","page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444/the-everything-bubble-is-over-michael-howell-s-warning-for-2026","show_page_url":"https://stenobird.com/podcast/the-bitcoin-layer-7070444","url":"https://mysoundwise.com/soundcasts/1665708396190s","audio_url":"https://cdn.simplecast.com/media/audio/transcoded/8ed6a33d-2ac9-4ae6-bdbb-334a1cbb3f52/93f29295-b98b-46ce-9822-223c512497e8/episodes/audio/group/e6a1949d-7711-477a-8cd5-3c353d3bd55f/group-item/fb22b38f-7c2e-491b-90b9-cab1ec08eeaa/128_default_tc.mp3?aid=rss_feed&feed=Y2219Riv","summary":"Nik welcomes back Michael Howell of CrossBorder Capital for an urgent breakdown of the global liquidity cycle. Michael explains why the cyclical top is in, how oil, the MOVE index, and the dollar have dealt a 20% blow to global liquidity, and why the everything bubble is over. They cover the $45 trillion debt maturity wall, China's monetization driving gold, Treasury QE replacing Fed QE, bank deregulation as a 2027 catalyst, private credit's illiquidity risk, and why Michael says don't trade bitcoin or gold, own them. The Bitcoin Layer and its guests do not provide investment advice.","meta_description":"Nik welcomes back Michael Howell of CrossBorder Capital for an urgent breakdown of the global liquidity cycle. Michael explains why the cyclical top is in…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4084,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/the-everything-bubble-is-over-michael-howell-s-warning-for-2026/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/the-everything-bubble-is-over-michael-howell-s-warning-for-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}