
Bitcoin and global macro research firm.
| Platform | Pricing | Freemium | Publishes | Daily | |
|---|---|---|---|---|---|
| Issues | 757 | Founded | 5 years ago | Last Issue | 4 days ago |
| Active | |||||

Bitcoin holds support while older coins move and derivatives turn more defensive.
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Bitcoin closed 2025 down about 6% for the year. This year, bitcoin is down 4% YTD. Might we see consecutive red years?
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Dear Readers,
When I joined The Bitcoin Layer two years ago, I knew why I owned bitcoin. What I didn’t understand was why its price moved on things that seemed to have nothing to do with it.
What I learned here is that despite what we bel...
Watch now (55 mins) | An Exclusive Update with Checkonchain. Full video now available directly on Substack as well as the traditional private YouTube link.
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Bitcoin’s breakout falters, while Strategy’s recovery reveals the cost of staying in the game
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Subscribers, engagement, traffic and sponsorship for The Bitcoin Layer.
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The writers behind this newsletter.
Founder of The Bitcoin Layer, Author of Layered Money and Bitcoin Age, teaching at USC Marshall School of Business
Ex-civil engineer, turned Bitcoin analyst after falling down the onchain analysis rabbit hole. I am the co-founder of checkonchain, co-author of Cointime Economics, and previously built and led the analyst team at glassnode.
I write about the US sovereign debt market, covering US Treasuries, fiscal and monetary policy, and money markets. There are only a few people in the world who truly understand this topic.
Bitcoin | Financial Markets | Corporate Finance
Bitcoin & Macro
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