Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik presents an explainer on Bitcoin's realized price. In an effort to simplify the understanding of on-chain metrics, Nik gives us basic definitions of nodes, UTXOs (unspent transaction outputs), realized capitalization, and realized price. We look at the formula for realized price, and give several illustrations of the differences between market price and realized price.

New YouTube videos M/W/F — New Substack posts T/R/S

The Bitcoin Layer is brought to you by River.

Visit https://river.com and start buying today, or use http://River.com/TBL to get up to $100 when you signup and buy Bitcoin

Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com
Follow TBL on Twitter:   / thebitcoinlayer  
Follow TBL on LinkedIn:   / thebitco.  .
Follow TBL on Instagram:   / thebitcoinlayer  
Follow TBL on TikTok:   / thebitcoinlayer  
Subscribe to The Bitcoin Layer on your favorite podcast platform.
Subscribe and turn on notifications for TBL on YouTube.
Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch
Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory

Contribute to The Bitcoin Layer via Lightning Network: [email protected]

Nik Bhatia's Twitter:   / timevalueofbtc  
Research Associate Joe Consorti's Twitter:   / joeconsorti  
Creative Director Matthew Ball's Twitter:   / matthewrball  

Block Height 834282

#TheBitcoinLayer #NikBhatia #UTXO #RealizedPrice #OnChainMetrics #Node #BitcoinNode #Transactions #Output #Input #MarketCapitalization #MarketCap #MarketPrice #BitcoinExplained #FinancialEducation #BlockchainInsights #BTCUSD #BitcoinPrice #BitcoinChart #BTCCharts #BullMarket #BitcoinBullMarket #BitcoinBullRun #BitcoinToday #BitcoinAdoption #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #ETFPortfolio #ETFNews #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Learn #Teach #Teacher #Blockchain #Mining #BitcoinMining #Macro

The Bitcoin Layer and its guests do not provide investment advice.

Chapters:
00:00:00 - Bitcoin's Realized Price
00:02:57 - The Life Cycle of Bitcoin
00:06:26 - Bitcoin Transactions: Inputs and Outputs
00:09:42 - Understanding Bitcoin UTXOs and Their Importance
00:13:01 - Theoretical vs Realized Price of Bitcoin
00:16:02 - The Difference Between Market Price and Realized Price
00:19:23 - Understanding Realized Price
00:22:41 - Bitcoin's Realized Price
00:25:48 - The Importance of Realized Price in Bitcoin