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Podcast: Crypto Voices
Episode: Base Money: Fiat, gold & Bitcoin
Description: Crypto Voices: Episode 50
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Matthew & Fernando spend the entire show discussing one, important topic: *Base Money.*
Bitcoin is unquestionably unlike anything else in the (financial) world. However, if you are going to try and compare Bitcoin's supply with other supply curves in the financial world, don't. The *only* money supply you can compare it to is fiat's "Monetary Base," or "Base Money."
Firstly, something needs to be used as a medium of exchange to technically be called "money."
Gold used to be.
Fiat is now.
Bitcoin very well could be.
But...