Time for the 2023 year-end review on global #basemoney.

This is the only money supply that's economically, legally, and accounting-wise comparable with 21 million #Bitcoin.

This money is 👉ultimate settlement.👈

Quarterly update #23... 🧵 2/ World #basemoney is $27.8 trillion equivalent.

This means all physical cash & coin, and all bank reserves ('accounts') at central banks, total $27.8 trillion.

The top five currencies in the world make up 82% of this...

2023 Q2 update on global #basemoney.

This is the only money supply that's economically, legally, and accounting-wise comparable with 21 million #Bitcoin.

This money is 👉ultimate settlement.👈

Quarterly update #21. 🧵 2/ The global #basemoney supply is $27.17 trillion equivalent.

This is down📉 $3.3T from Dec-2021 ($30.48T).

However, this is still up📈 $6.7T from Feb-2020 ($20.45T).

The top 5 currencies in the world make up 82% of this...

2022 Q2 update on the Global monetary base. Only money supply that economically compares with bitcoins. Current price keeps #Bitcoin ranked #8 vs. fiat currencies, #10 if including gold & silver. This is quarterly update #17. Four year anniversary of this reporting. 🎉 2/ This research covers the globe's top 50 fiat currencies, sourced directly from their central banks. You won't find this info anywhere else. Also we look at historical basic money stocks (i.e. gold & silver). Layer in BTC and we cover it all.

#CBDC wonks:

There are two main reasons why your monetary pipe dream of a panopticon won’t materialize anytime soon, if ever.

Short 🧵 Firstly, the reigning “retail” tool of the central bank—physical banknotes—are more prevalent than you can imagine, vital to low income trade, and issuance grows much faster than global population.

CBDCs cannot compete with this trend: $9.2 trillion equivalent, and flying…

Time for the 2022 Q1 update on the Global monetary base. This is the only money supply that economically compares with bitcoins. Current price weakness drops #Bitcoin under the Swiss franc and silver vs. last quarter. This is quarterly update #16. 🧵 2/ This research covers the globe's top 50 fiat currencies, sourced directly from their central banks. You won't find this info anywhere else. Also we look at historical basic money stocks (i.e. gold & silver). Layer in #Bitcoin and we cover it all.

2021 Q4 update on global monetary base. Only money supply that economically compares with #bitcoins. Lots of updates this quarter. New currencies. New info. New brand! This is quarterly update #15. 2/ We now have the globe's top 50 fiat currencies included in this research, sourced directly from their central banks. You won't find this info anywhere else. Also we look at historical basic money stocks (i.e. gold & silver). Layer in #bitcoins and we cover it all.

Q3 update on global monetary base. This is only money supply that compares with 21 million #bitcoin. We are at a very interesting point in the pricing of the #Bitcoin system. At current levels, it's about to move from mid-major, to 🚨major currency. This is quarterly update #14. 2/ #Bitcoin is on the cusp of surpassing the value of the British pound sterling - $GBP - the oldest fiat currency in the world. The Bank of England is the first "modern" central bank, and its pound sterling could be classified as a relatively "successful" fiat currency.

Q2 update on global monetary base. Only money supply that compares with 21 million #bitcoin. Bitcoin remains the 6th largest money in the world. 7th if you include gold. Happy to report this research has reached it's 3rd year anniversary! 🥳This is quarterly update #13. 2/ Here's another way to look at #Bitcoin against its peers. Gold, silver, fiat base money, and thanks to the good people at @CambridgeAltFin, vs. global electricity (~100TWh vs. 23,000TWh). Interesting that #Bitcoin is accreting faster against money than electricity consumption.

Q1 update on global monetary base. Only money supply that compares with 21 million #bitcoin. Bitcoin remains the 6th largest currency in the world. 7th if you include gold. This is quarterly update #12. 2/ For 12 years the world's been trying to understand #Bitcoin, forget Bitcoin, criticize Bitcoin, love Bitcoin, hate Bitcoin. Reminder Bitcoin still is a protocol, it does what it does. But if you want to speak of its value as money, you gotta understand the monetary base.

As it's yet again been one of those light news weeks for #Bitcoin, let's get down to brass tacks. Bitcoin is now the 6th... largest... currency in the world. ✊ It's 7th if you include gold. This is quarterly update #11. 2/ For 12 years the world's been trying to understand #Bitcoin, forget Bitcoin, legitimize Bitcoin, criticize Bitcoin, love Bitcoin, hate Bitcoin. Bitcoin is a protocol, it does what it does. But if you want to speak of its value as money, you gotta understand the monetary base.

Election day in US; to skip the politics and get straight to the money, here's our quarterly update. How do gold, silver, and government fiat money compare with bitcoin's 21 million? #Bitcoin is the 10th largest money in the world, ex-gold & silver. This is update #10. 2/ Bitcoin's monetary system marches on its continuously-lowering coin emission; meanwhile, other world monetary systems' units inflate, either naturally (like gold & silver ounces), or via monopolistic privilege (like government fiat money "printing").

Two years ago, we began publishing this quarterly on global money. How do gold, silver, and government fiat money compare with bitcoin's 21 million? One must compile a global "monetary base." #Bitcoin is the 🔥10th largest money in the world, ex-gold & silver. This is update #9. 2/ Bitcoin's monetary system marches on its continuously-lowering coin emission; meanwhile, other world monetary systems' units inflate, either naturally (like gold & silver ounces), or via monopolistic privilege (like government fiat money "printing").

1/ As #Bitcoin enters its 4th block reward era, here is the @crypto_voices 2020 Q1 update on the global monetary base. This is the only economically comparable money supply with #bitcoin's 21 million. #Bitcoin is the 10th largest money in the world, ex-gold & silver. Update #8. 2/ Bitcoin's monetary system marches on its continuously-lowering coin emission; meanwhile, other world monetary systems' units inflate, either naturally (like gold & silver ounces), or via monopolistic privilege (like government fiat money "printing").

1/ Below is the @crypto_voices 2019 Q4 release on the global monetary base. This is the economically comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the 🔥9th largest money in the world, ex-gold & silver. For more, follow on below. This is installment #7. 2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component. Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.

1/ Here is the @crypto_voices 2019 Q3 release on the global monetary base. This is the only comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the🔥11th largest money in the world. To dig deeper on what it all means, follow on below. This is installment #6👇 2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component! Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.

1/ Here is the @crypto_voices 2019 Q2 release on the global monetary base. This is the only comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the 🔥11th largest money in the world. To dig deeper on what it all means, follow on below. This is installment #5. 2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component! Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.

1/ Here is the @crypto_voices 2019 Q1 release on the global monetary base. This is the only comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the 12th largest money in the world. To dig deeper on what it all means, follow on below. 👇This is installment #4. 2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component! Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.

1/ Here is the @crypto_voices Q4 2018 update on the global monetary base. This is the only economically comparable money supply to bitcoin's. #Bitcoin is the *18th largest currency in the world*. To dig deeper in what it all means, follow on below. This is installment #3. 👇 2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.

1/ Below is a Q3 2018 update on the global monetary base, or base money. This is certainly not the M1 money supply. Not M2. Not M3. The distinction is important. What is base money? Is it #gold? Is it government fiat? #Bitcoin?? Have some charts to share. This is installment #2… 2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.

1/ Very pleased to share a summer project: a comprehensive, supply-side view of the base money supply across the globe. What is base money? Gold? Fiat? Bitcoin?? Have some charts to share… 2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.