Faisal KhanAnswered Feb 7, 2014No. Typically M1 definition would imply those fiat payment instruments issued by the Central Bank. Since crypto-currencies are not issued by the Central Bank, they are not counted in M1.
Do cryptocurrencies count as part of the M1 money supply?
Faisal KhanAnswered Feb 7, 2014Do digital balances always represent real money held by banks?1 ansDo economists classify balances in Venmo or PayPal accounts as part of M1 or M2 money supply?1 ansHow much US currency physically exists, and what percentage of US money is only digital (bank ledger entries)?1 ansWhat gives money its value if it’s no longer backed by gold?1 ans