Bitcoin Looks Historically Cheap | Fed Losses & Gold Revaluation

Show Notes

In this episode of Porkopolis Economics, Matthew analyzes Bitcoin’s position along its power law price curve, noting that Bitcoin around $73,500 is holding near the lower bound historically, suggesting a potentially undervalued market. He compares Bitcoin priced in dollars, gold, and silver, showing that Bitcoin appears particularly cheap relative to precious metals, with roughly 14–15 ounces of gold per Bitcoin and historically low silver ratios. Matthew explains that Bitcoin’s power law relationship, which forms a straight line on log-log charts, differs fundamentally from traditional assets like gold that follow log-linear trends and experience greater long-term volatility. Porkopolis Economics - Episode 362 Chapters: 00:00:07 - Bitcoin Price Analysis and Market Cycles 00:05:24 - Bitcoin's Historical Cheapness Across Multiple Metrics 00:08:52 - Gold, Silver Market Cheapness and Fed Balance Sheets 00:12:15 - Government Balance Sheets and Capital Revaluations 00:14:22 - Federal Reserve Gold Valuation and Balance Sheet 00:16:46 - Federal Reserve's Negative Operating Profits Explained 00:20:15 - Federal Reserve's Losses and Banking Crisis 00:25:05 - NATO, Ukraine, and Political Ironies 00:28:36 - The Future of Military Warfare is Here 00:32:36 - Bitcoin vs Gold: Regulatory Classification 00:35:49 - Gold Volatility Around Trend Lines 00:39:10 - Gold vs Bitcoin: Price Dynamics and Revaluation Risk 00:48:53 - Central Banks, Gold Reserves, and Bitcoin's Role 00:51:47 - Cryptocurrency Volatility Decreases Over Time 00:53:16 - Drawing a Line in the Sand on Deadlines 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.