Some key takes from nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyrtl8gkckam5xwfxugu46v2e3yhgg70gwx5qpeqp7prlkz9dzlejkvg2vts #whatbitcoindid podcast with impressive chartist Matthew Mezinskis:
1. The ratio of M0 to M3 is now almost 12x (3 trillion to 35 trillion). This excessive leverage is a sign of brewing troubles in the banking sector (hour 0:33)
2. The US Federal Reserve share of US debt (monetization) was 30% at the high of the Covid in 2022 and is now down to 16%, but also the share of foreign holders is down to only 23%. So who is going to buy US debt??? Currently the buyers are American investors/funds at about 60% (hour 0:41), and of course the growing strategic role of #stablecoin issuers.
The only way forward is for the Fed to monetize this debt or for the US to implement the #bitcoindollar system. Either way it will be good for #bitcoin.
https://www.youtube.com/watch?v=j-XPVOl9zGc&list=PLwld9PCvGoq1KkBEnbLwAEa7UqABEOHcD
3. At hours 0:49 Matthew Mezinskis gets into the power law theory evidenced by the constant/proportional doubling of bitcoin price every 12,7% increase in the days of life of the network.
I have dedicated a whole chapter of my #bitcoindollar book to Giovanni Santostasi’s and Mezinskis’work “Bitcoin scales by Power Law” see excerpt below. For the skeptics it is worth watching Mezinskis explain the data in this podcast.
4. New at hours 1:09 the chart showing the trend of the “bitcoin dominance” and when bitcoin will overtake global base money. Currently #bitcoin represents only 5,6% of the global monetary base standing at US$ 44 trillion. Mezinskis work predicts that bitcoin will reach global dominance in 2038 at a market cap of US$ 109 trillion to equal the global base money. This implies a bitcoin price of over US$ 2 million.
