You've Been Drinking Fiat Wine (And You Feel It) with Ben Justman

In this episode, Nik welcomes Ben Justman, founder of Peony Lane Wine in Paonia, Colorado, the highest wine region in North America. Ben explains how he learned winemaking on his father's farm, why high elevation and dry farming shape his Pinot Noir, and why the 73 ingredients American winemakers can add without putting them on a label led Nik to call it fiat wine. Ben shares that 30 to 50% of his customers pay in bitcoin. Nik covers why the Treasury buybacks are not material, why Bessent has said the United States needs to move away from reserve currency status, and why he now calls him the Secretary of Financial War. The Bitcoin Layer and its guests do not provide investment advice.