If you look at rising global M2 as monetary inflation, it's almost like a measure of currency debasement, right?
Protect Yourself from Currency Debasement with Bitcoin - Sam Callahan (THE Bitcoin Podcast)
“The wave hasn't even come… we're just kind of like on the beach and the wave's kind of creeping up, but it's still so much liquidity that's going to come in.”

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1 If you look at rising global M2 as monetary inflation, it's almost like a measure of currency debasement, right?
Bitcoin is an expression of that, of how much currency debasement is happening in the economy.
3 And it's the best way to play it because it's the most tied to it, which Jack Mahler brings this up to.
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Then Bitcoin is basically measuring. Bitcoin is an expression of that, of how much currency debasement is happening in the economy.
And it's the best way to play it because it's the most tied to it, which Jack Mahler brings this up to.
This is Bitcoin's purpose. This is why Bitcoin exists.
It makes sense that it's the most pure expression because Bitcoin is the antithesis of fiat currency and money printing.
And so you want to play that. And again, I kind of agree with that.
That's what I would take away from this. Bitcoin is very closely tied to the amount of currency debasement happening in the world.
It's also probably the best way to play it.
Show notes & resources
“The wave hasn't even come… we're just kind of like on the beach and the wave's kind of creeping up, but it's still so much liquidity that's going to come in.”
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Sam Callahan. Sam is a macro analyst who recently worked on a report with Lyn Alden called Bitcoin: A Global Liquidity Barometer, and we dig deep into this report today. But we also get into the next wave of Bitcoin adoption, the shifting Overton window around bitcoin, the US and global macro environment, fiscal dominance, fiat debasement, whether anything stops this train, the ponzi scheme of social security, and a whole lot more. Sam also just got married this weekend providing that while Bitcoin doesn’t help get you a girlfriend, it can help you find a wife.


