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In this episode, Nik breaks down how the Supreme Court’s tariff decision, the administration’s healthcare proposal, and growing pressure on the Federal Reserve are all part of a single fiscal and national security framework. He explains why economic sovereignty, debt servicing costs, and healthcare spending are now central to U.S. policy decisions, and how these forces intersect with interest rates and Fed independence. Nik walks through the unsustainable math behind rising deficits, why lowering rates has become politically unavoidable, and how fiscal stabilization could ultimately support Bitcoin as a long-term store of value heading into 2026. Polymarket link: https://poly.market/uzPASJ2 James E. Thorne's Tweet: https://x.com/DrJStrategy/status/2011... 📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. 🔓 The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today. Visit unchained.com/tbl and use the code TBL10 for a 10% credit towards your first year's account fees. 🔨 Try Stamp Seed, a DIY kit that enables you to hammer your seed words into a durable plate of titanium using professional stamping tools. Take 15% off with code TBL. Get your Stamp Seed today! https://www.stampseed.com/shop/seed-p... ▶️ Subscribe and turn on notifications for TBL on YouTube. 📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe 🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform. 📱 Follow TBL on X: / thebitcoinlayer 📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial 🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch ⛓️ ₿lock Height 932442 ⚡ Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: / timevalueofbtc Researcher Demian Schatt's Twitter: https://x.com/demianschatt Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB ❗ The Bitcoin Layer and its guests do not provide investment advice. Chapters: 00:00 Intro & Topics Overview 00:34 Supreme Court Tariffs Case & Trump Doctrine 03:38 Government Policy Shift: Venezuela & National Security 05:55 Supreme Court Debate: Tariffs as National Security 09:41 Tariffs, Leverage, and Global Strategy 12:03 PolyMarket & Supreme Court Predictions 13:09 New Healthcare Proposal Explained 16:01 Price Transparency & Health System Economics 20:49 US Fiscal Picture: Debt, Deficits & Interest 24:37 Fed Independence & Fiscal Policy Under Pressure 26:26 War Mindset: Rates, Budget, and Military Spending 29:00 Fiscal Solutions: Interest, Healthcare, and Economic Growth 32:20 Boosting Productive Capacity & Private Sector 34:40 Conclusion: Store of Value & Bitcoin Outlook 36:54 Outro & Where to Find More Resources