Monetary Base Compendium (2020 Q2)

Crypto Voices: Episode 95

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Matthew updates on the Crypto Voices Monetary Base exhibit for 2020 Q2 with Marty Bent on his Tales from the Crypt podcast. This episode will be a lot easier if following along with the tweet thread, which is here: https://twitter.com/crypto_voices/status/1296442813756911623?s=20

Or, you can also follow along with the exhibits here: cryptovoices.com/basemoney

Bottom line:

Bitcoin is currently the #10th largest base money in the fiat world.

Bitcoin is currently the #12th largest base money in the fiat world, including past base monies gold & silver.

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 and silver used to be.

Fiat is now.

Bitcoin very well could be.

But don't get carried away. We need to compare bitcoin (and gold... and silver) 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:

cryptovoices.com/basemoney

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Hosts: Matthew Mežinskis, Fernando Ulrich

Music: New Friend Music newfriendmusic.com/

Site: cryptovoices.com/

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Cryptoeconomics & Liberty

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Show content is not investment advice in any way.