Crypto Voices: Episode 50

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Matthew & Fernando spend the entire show discussing one, important topic: *Base Money.*

Bitcoin is unquestionably unlike anything else in the (financial) world. However, if you are going to try and compare Bitcoin's supply with other supply curves in the financial world, don't. The *only* money supply you can compare it to is fiat's "Monetary Base," or "Base Money."

Firstly, something needs to be used as a medium of exchange to technically be called "money."

Gold used to be.

Fiat is now.

Bitcoin very well could be.

But don't get carried away. We need to compare bitcoin (and gold) to fiat's "base money" supply, and *only* to the base money supply.

M1/M2/M3 and all others simply aren't comparable. Why? Because those supplies include "claims" on base money.

Listen on to learn more.

Links for more info:

https://cryptovoices.com/basemoney

James Rickards erroneously comparing gold to 40% of four currencies' M1 (and, erroneously claiming that US/Eurozone/China/Japan are 75% of global economy): https://www.youtube.com/watch?v=I4xpZm7JlqU&t=375s

James Rickards erroneously comparing gold to 100% of three currencies' M2: https://twitter.com/jamesgrickards/status/872134115230982144

Hosts: Matthew Mežinskis, Fernando Ulrich

Music: New Friend Music newfriendmusic.com/

Site: cryptovoices.com/

Podcast & Information

Cryptoeconomics & Liberty

Thanks for listening!

Show content is not investment advice in any way.