Bitcoin Hits Median Trend and Turns Cheap in Gold Terms

Show Notes

This episode covers the rising anxiety in the Bitcoin market as price retraces for a third time and dips toward the median power curve level. Matthew begins by reviewing the PSR chart and explains that Bitcoin is now sitting right at the 50th percentile on trailing revenue multiples. Price has fallen from the 120s to the low 90s, yet the long term structure remains intact. He walks through how the power curve, trend bands, and percentiles behave during retracements and reminds viewers that these metrics often take weeks to recover even when price rebounds quickly. Matthew also compares Bitcoin’s price behavior across multiple fiat currencies including the euro, yen, rupee, naira, and lira. Several weaker currencies still show Bitcoin well above the median, confirming that fiat debasement shapes investor experience globally. He then revisits Bitcoin priced in gold, which remains one of the strongest valuation signals. BTC is now extremely cheap in gold terms, nearing the lower tenth percentiles that only occur in rare stress periods like 2020 and 2022. The episode closes with miner revenue charts, MVRV and SOPR stress, and the long term power curve model. Matthew shows how Bitcoin can continue to rise even when the global monetary base is falling, and he emphasizes that trend math, not emotions, is the only reliable guide during volatile stretches. Porkopolis Economics - Episode 304 Chapters: 00:00:00 - Bitcoin Price-to-Sales Ratio Analysis 00:09:44 - Bitcoin Price Trends and Market Analysis 00:12:17 - Bitcoin Price Levels and Options Strategy 00:21:31 - Bitcoin to Gold Ratio Hits Historic Low 00:26:25 - MVRV Ratio Analysis and Weak Hand Capitulation 00:31:31 - Secular Bear Markets and Monetary Base Analysis 00:37:43 - Bitcoin's Power Law Trajectory and Long-Term Projections 00:41:46 - Bitcoin Price Projections and Power Curve Analysis 00:55:53 - Bitcoin's Value Across Global Currencies 01:01:08 - Be Prepared for Bitcoin's Price Volatility 01:07:59 - Bitcoin Revenue Compared to Gold and Oil 01:11:16 - Analyzing Profit Taking and Market Cycles 01:14:58 - Selling at the Worst Time: Bitcoin Pain Points Show Sponsor: Debifi - https://debifi.com/ Donations to Porkopolis Economics via BTCPay are appreciated: https://donations.porkopolis.io/ Porkopolis Economics covers macroeconomics, money, geopolitics and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis. Data-driven. Scale matters. Smaller, decentralized states means more opportunity for liberty than larger ones. Host: Matthew Mezinskis https://porkopolis.io https://x.com/1basemoney Show content is not investment or financial advice in any way. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6266922845601792