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Nik Bhatia Profile picture
Nik Bhatia
@timevalueofbtc
Founder @TheBitcoinLayer. Author of Layered Money. Adjunct Professor of Finance @USCMarshall. Rates | Bitcoin.
Apr 19, 2023 • 15 tweets • 5 min read
I just published a new piece on de-dollarization. TLDR: it's not happening when you run the numbers.

There are four challengers on the horizon:
1) euro
2) yuan
3) gold
4) #bitcoin

Which is likely to emerge?🧵 The US dollar currently makes up about 60% of global FX reserves and is used in 80% of oil transactions. But this is only part of its dominance, which must include a study of capital markets. Image
Nov 5, 2020 • 6 tweets • 1 min read
Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to work in a “layered” manner. Image Using gold as one example of this term, he traces the layers of the currency—from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, he offers a similar paradigm for the future evolution of digital currencies.
Nov 2, 2020 • 5 tweets • 3 min read
Just sent next semester's syllabus to @USCMarshall. Sharing it so that anybody that would like can follow along. I've added two new readings this semester on central bank digital currencies and the future of the international monetary and financial system. Thread: Here are the additions this semester:
Mark Carney - The Growing Challenges for Monetary Policy in the current International Monetary and Financial System, 2019 (Jackson Hole speech)
BIS - Central bank digital currencies: foundational principles and core features, 2020
@BIS_org