PE61: Bill Clinton and Bitcoin (I)

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This is the sixty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:15 The balance sheet of the Federal Reserve

01:45 Disclaimer 1: Monetary base (Total Fed assets)

03:50 Disclaimer 2: Bitcoin is analogous to more than USD base money!

04:58 Recent Fed balance sheet activity

06:15 Bitcoin market cap data

10:05 Question 1: When was the Fed last at $1 trillion?

11:47 Question 2: When was the Fed last at $500 billion?

Here we look at the history of Bitcoin's market cap, and how that compares with the monetary base of the dollar. Note, the dollar is just one (certainly the strongest) fiat network in the world, but there are many other fiat currencies that have their own monetary base and are not connected to the dollar at all! Also, I explain why the monetary base is the best monetary comparison to Bitcoin.

Host: Matthew Mezinskis

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.