Checking in on Sterling...

Porkopolis Economics: Episode 139

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

In this episode, we dive into the monetary base of the British pound, which represents the physical cash and bank reserves held by the Bank of England. Matthew highlights the central bank's significant expansion of the monetary base through quantitative easing measures since the 2008 financial crisis and the COVID-19 pandemic. The discussion then shifts to a comparison between the pound's monetary base and Bitcoin's market capitalization.

Despite the US printing more money, the dollar weakened relative to the pound, leading to the pound's monetary base briefly surpassing Bitcoin's market cap in early 2024 - a historic milestone. However, Bitcoin has since regained its lead, currently standing at a $1.275 trillion market cap compared to the pound's $1.1 trillion monetary base.

00:00:00 - Exploring the Monetary Base of the Pound Sterling
00:00:53 - Comparing UK Monetary Policy and Bitcoin
00:02:33 - Comparing Pound Sterling and Bitcoin Monetary Bases
00:03:13 - Dollar Weakens Compared to Sterling
00:04:47 - Bitcoin's Market Cap Journey: From Flea to Rival Sterling
00:06:03 - Bitcoin Surpasses British Pound Sterling Monetary Base
00:07:13 - Bitcoin Surpasses Monetary Base of Pound Sterling

Host: Matthew Mezinskis
https://porkopolis.io
Twitter: https://x.com/crypto_voices?lang=en

Show content is not investment or financial advice in any way.