INTRODUCING
TBL RESEARCH
The premier Bitcoin and macro product suite for financial institutions.
Actionable Insights
Reports providing specific buy or sell signals based on a comprehensive analysis of bitcoin on-chain data.
Institutional Focus
Cutting-edge on-chain analysis and actionable market signals, tailored to the needs of professional investors.
Bitcoin-Native Indicators
Comprehensive Bitcoin research through a global macroeconomic perspective.
Quantitative Research
Bi-weekly bitcoin & global macro risk analysis via our Mean, Median, Mode report.
Market Updates
Concise, data-driven insights on bitcoin, macro trends, and market liquidity released on a weekly basis.
Chart Packs
A curated collection of high-signal bitcoin and macro charts, updated regularly for data-driven insights.
TBL Liquidity
Our proprietary liquidity index with a 77% correlation to the S&P 500, tracking bitcoin, bonds, and macro conditions.
TBL Pro
Nik Bhatia’s personal market commentary, combining bitcoin price action, macro trends & policy analysis from a trader’s perspective.
TBL Thinks
Curated summary & analysis of the most important paywalled, long-form macroeconomic reads.
$4,000/year
Nik Bhatia
Founder
Nik is an adjunct professor at USC Marshall School of Business, where he teaches separate courses on fixed income and bitcoin. He is author of the #1 bestseller Layered Money. Previously, Nik worked at a large institutional asset manager trading US Treasuries and is both a CFA and CMT charterholder.
Joe Consorti
Institutional Lead
Augustine Carrasco
Researcher
Demian Schatt
Operations
Matthew Ball
Designer
Our team will review your submission and respond within 3-4 business days.
In Layered Money, Nik explores:
Origins of Money
Bhatia's analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system.
Evolution of Digital Currencies
How Bitcoin has already achieved legitimacy as a global reserve currency and will continue to drive corporations like MicroStrategy into a state of balance sheet denomination duality in which entities hold cash denominated in both USD and BTC.
Mechanics of our Financial System
Readers will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.
Monetary and Cryptography Sciences
As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences.