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.

https://m.primal.net/HeJc.png 
https://m.primal.net/HeJd.png 

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:

https://www.youtube.com/watch?v=eilZmefD4Z4