TFTC: A Bitcoin Podcast #566: Q3 2024 Monetary Base Update with Matthew Mežinskis
Dec 18, 2024
Marty chats with Matthew Mežinskis, a monetary base expert and Bitcoin analyst from Porkopolis Economics. They dive into how Bitcoin's rising influence could reshape monetary policy, especially amid potential Trump-era changes. The discussion covers strategic Bitcoin accumulation for national treasuries and the risks posed by a fiat-based financial system. They also tackle the implications of inflation, geopolitical tensions, and the evolving role of Bitcoin as a safe haven against economic instability. Matthew provides insights into Bitcoin's future in a world increasingly influenced by AI.
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Bitcoin's Ascent
- Bitcoin surpassed the pound sterling, becoming the 5th largest currency by monetary base.
- Only the yen, euro, yuan, and dollar remain ahead, with Bitcoin approaching the value of central bank gold.
Trump, Bitcoin, and the Strategic Reserve
- Trump's presidency and the strategic reserve talk align with Bitcoin's cycle.
- Putting Bitcoin in the Treasury would be a strategic reserve, helping the national debt.
Gold Repricing and Bitcoin Acquisition
- Repricing the Treasury's gold notes to market value could fund Bitcoin acquisition.
- However, the US marking gold below market value gives the Fed flexibility with other assets.