There's a lot of debate about whether or not bitcoin is currently scaling appropriately and I think many are missing the forest for the trees. Particularly when you benchmark bitcoin's success to Fedwire, which is the correct apples to apples comparison.

Matthew Meźinskis and I recorded this morning and Matthew presented these two charts and I think they may be the most bullish bitcoin charts I've seen in years.

Bitcoin's trailing 12-month transaction volume and value compared to Fedwire.

When you factor in batched transactions, bitcoin is already facilitating almost 2x the amount of transactions that Fedwire is on a trailing 12-month basis.

In terms of value settled on the bitcoin network, it still has a ways to go to reach parity with Fedwire, however the trend has been a consistent and aggressive march toward parity, with the Fedwire value transfer being 22,000,000,000x in 2010 and ~800x as it stands today.

If you dive into the numbers and compare bitcoin to its base money competitors, it is scaling incredibly well.

Listen to the full rip here:

And there you have it, Luke was right...

Last week I gave a talk about buying beef in bulk at BitBlockBoom 2023 in Austin. Topics covered included not only the parallels between securing bitcoin and freezer beef, but actionable information on how to get started.