Bitcoin Wants To Run But Liquidity Won’t Let It
In this episode, Demian explains TBL’s analysis of why bitcoin is holding up even as liquidity hit its lowest point of the cycle.
The Most Important Thing About This Debt Crisis with Matt Dines
In this episode, Nik welcomes back Matt Dines to talk through where we are in the credit cycle and why he thinks we are in the late innings.
The Math Behind $1 Million Bitcoin
In this episode, Nik explains the bitcoin power law and why he believes it points to a million dollar bitcoin in the early 2030s.
Nobody Has Ever Lost Money Holding Bitcoin Six Years
In this episode, Nik explains what he thinks is the easiest way to introduce bitcoin to new investors, which comes down to returns.
Bitcoin Just Lost $82,700
In this episode, Nik covers bitcoin losing the $82,700 level he had been tracking, falling 3% for a second straight day.
Bitcoin Has A 7x To Catch Gold
In this episode, Nik walks through TBL Pulse and the macro charts he watches every day, starting with why bitcoin is climbing while liquidity drains.
Bitcoin Has Started Crushing Gold
In this episode, Nik asks how bitcoin is outperforming both gold and the dollar in the middle of a global bond crisis.
Europe Is About To Print
In this Global Macro Update, Nik covers the blowout in French government bond yields against German bunds and why he sees a sovereign debt crisis developing in France.
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.
Central Banks Have Lost Control
In this episode, Nik welcomes back James Van Straten of CoinDesk for a conversation on the global bond meltdown and the fiscal crisis building in the United Kingdom.
The Bear Market Is Over
In this episode, Nik covers bitcoin's move to $87,000 and why breaking $82,700, the post-bear-market high from May, means the bear market that defined 2026 is over.
Healthcare Is Eating 70% Of Federal Tax Revenue
In this episode, Nik welcomes Stu Lackey and Jon Gordon of SOUND HSA for a conversation on the fiscal side of American healthcare.
What Happens If The Fed Hikes Tomorrow
In this Global Macro Update, Nik covers the global bond meltdown and what happens to Liquidity if the Fed hikes rates.








