20 ms·
It probably makes more sense to compare it to the broader M2 and M3 money supply.
by pdog 13y ago
It probably makes more sense to compare it to the broader M2 and M3 money supply.
- meric 13y agoWhy do you say that? If and when bitcoins become borrowed and deposited at banks, there can potentially be a lot more supply of bitcoins.
- petercooper 13y agoA genuine 'why?' I'm reasonably naive on these issues, but there's no fractional reserve banking of Bitcoin yet, is there? M2 and M3 include savings, all of which couldn't be converted directly into underlying currency, whereas every Bitcoin is clearly traceable and exists as a unit of currency. Disclaimer: I am no economist or financier.