Why Bitcoin Isn’t M2: The Real Monetary Comparison Explained

Show Notes

In this video, Matthew dives deep into the confusion around Bitcoin and fiat money supply comparisons. Many still incorrectly compare Bitcoin to M2, but the real apples-to-apples comparison is with the monetary base (MB). Matthew breaks down the full structure of M3—the broadest measure of U.S. money supply—discussing everything from large time deposits to shadow bank repos and the growing role of the Fed. Learn why stablecoins, eurodollars, and institutional leverage play key roles in understanding today's monetary system and Bitcoin’s position within it. This comprehensive breakdown offers crucial clarity for both crypto investors and economic thinkers. Porkopolis Economics - Episode 238 Chapters: 00:00:00 - Bitcoin vs. Money Supply Comparison 00:03:17 - M3 Money Supply Breakdown 00:05:48 - Understanding M2 and M3 Money Supply 00:10:10 - Overview of the Repo Market 00:12:57 - Impact of Fed's Repo Market Involvement 00:25:09 - Understanding the Massive Money Supply 00:37:30 - Understanding Shadow Banking and Repos 00:47:27 - Understanding U.S. Treasury Debt Dynamics 01:01:19 - Understanding Current Monetary Policies 01:04:53 - Understanding the Monetary Base 01:10:07 - Understanding Broad Money Supply 01:11:57 - Impact of Stablecoins on Money Markets 01:18:29 - Understanding M3 Money Supply Risks Show Sponsor: Debifi - https://debifi.com/ Donations to Porkopolis Economics via BTCPay are appreciated: https://donations.porkopolis.io/ Porkopolis Economics covers macroeconomics, money, geopolitics and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis. Data-driven. Scale matters. Smaller, decentralized states means more opportunity for liberty than larger ones. Host: Matthew Mezinskis https://porkopolis.io https://x.com/1basemoney Show content is not investment or financial advice in any way. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6266922845601792