Nik Bhatia reveals how bond markets are creating unprecedented Bitcoin demand through credit creation and repo market dynamics. The former bond trader explains MicroStrategy's groundbreaking convertible note strategy and projects how sovereign nations might leverage similar mechanics. Discussion covers Trump's potential Strategic Bitcoin Reserve, the symbiotic relationship between USD and BTC, and why traditional finance is naturally gravitating toward Bitcoin integration. Bhatia shares insights from his upcoming book "Bitcoin Age" and details why his original bullish thesis wasn't bullish enough.