Nik Bhatia on Bitcoin and the Case for Using Stablecoins for Statecraft — Macro Musings with David Beckworth

Nik Bhatia is an author of two economics books, a visiting fellow at the Bitcoin Policy Institute and the founder of The Bitcoin Layer. In Nik's first appearance on the podcast, he discusses his niche in the Bitcoin community, the role of Bitcoin as a transaction asset, the threat or lack thereof of quantum computing on Bitcoin, his issues with the current eurodollar market, his new proposal to use stablecoins as statecraft, and much more.

Watch the full length video on our new YouTube Channel!

Check out the transcript for this week's episode, now with links.

Recorded on May 5th, 2026

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David on X: @DavidBeckworth

Follow Nik X: @Timevalueofbtc

Follow the show on X: @Macro_Musings

Check out our Macro Musings merch!

Timestamps

00:00:00 - Intro

00:01:49 - Nik's Career and Background

00:12:32 - Crypto Assets for Transactions

00:18:28 - Quantum Computing and Bitcoin

00:24:08 - Stablecoins as Statecraft

00:58:36 - Outro