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 Actually, the size of circulating physical cash has grown, BUT the size of bank reserves have exploded far more since the 2008 financial crisis. This has shrunk the relative share of physical cash and changed the composition of the U.S. base money... (2/4)

https://m.primal.net/KgjA.png  
 Quantitative easing and currency debasement, the same drivers that have added fuel to #Bitcoin's price & market cap, have also stifled the share of circulating physical cash and grown share of bank reserves in the U.S. base money...(3/4)

https://m.primal.net/KgjE.png  
 There are serious consequences to this trend. Through further centralization of monetary power and the rise of CBDCs - financial repression, disintermediation and erosion-of-privacy may be on the menu. With physical cash's imminent demise,  #Bitcoin is the only freedom money...(4/4)

https://m.primal.net/KgjI.png