While M0 and M1 are used to describe narrow money, M2, M3, and M4 qualify as broad money, and M4 represents the largest concept of the money supply. Broad money may include various deposit-based ...

bitcoin would be a top-10 global currency by liquid money supply. Bitcoin could be considered a top-10 global currency based on its “stock of narrow money” or M1, the money supply that is composed of ...