Show 80: Monetary Base Companion - 2019 Q3
Show support appreciated: 35iDYDYqRdN2x6KGcpdV2W1Hy3AjGje9oL Matthew updates on the Crypto Voices Monetary Base exhibit for 2019 Q3. This episode will be a lot easier if following along with the tweet thread, which is here: https://twitter.com/crypto_voices/status/1191723457467355137?s=20 Or, you can also follow along with the exhibits here: cryptovoices.com/basemoney Bottom line: Bitcoin is currently the #9th largest base money in the fiat world. Bitcoin is currently the #11th 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. In this episode, we go deeper on two new charts: 1) central bank gold reserves versus their monetary base; 2) the world basic money supply compared to the world bank money supply (M3, less M0). Remember, M0 is the cash and coin that is physically in circulation, AND outside of bank vaults. Listen on to learn more. Links for more info: cryptovoices.com/basemoney 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.