Bitcoin Stumbles Down The Ranks As A Global Base Money
Changes in bitcoin’s ranking as a global base money is to be expected as the price changes. A major price jump will make bitcoin the world’s largest base money.The below is a direct excerpt of Marty's Bent Issue #1217: "Q1 Monetary Base update." Sign up for the newsletter here. via Porkopolis Economics via Porkopolis Economics Matthew Mežinskis has gifted us with yet another global monetary base update. As of the end of Q1 2022, bitcoin ranks as the ninth largest base money in the world (including gold and silver). This is two spots lower than it was after Q3 2021, when bitcoin was the....
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On this episode of Fed Watch, Matthew Mežinskis discusses "base money" and the ways that it relates to Bitcoin and the larger economy. The post Video: Calculating Base Money With Matthew Mežinskis appeared first on Bitcoin Magazine.
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