Bitcoin Near 100k: Pullback or Early Trend Reversal?

Show Notes

Bitcoin’s drop toward the low 100k region takes center stage in this episode as Matthew examines whether the market is experiencing a normal pullback or something more structural. He compares the current drawdown to past cycles, highlighting how Bitcoin has repeatedly tapped its long term trend line without the explosive blow off that historically precedes major tops. At the same time, he shows that nearly all supply remains in profit, dips still look like 2017 style resets, and realized losses have not approached anything close to prior capitulation levels. A major focus of the episode is Bitcoin’s valuation relative to gold. With one Bitcoin now worth roughly 25 ounces of gold and trending cheaper, Matthew explores how far the ratio can fall before gold investors rotate back into BTC. He also studies money supply growth, demand deposits, the monetary base, and how liquidity cycles may shape price action heading into year end. The conversation expands into tech valuations, AI driven market caps, gold’s unsustainable short term trend, and the long term implications of Wall Street’s growing influence. Ultimately, Matthew frames the moment as a grinding wall of worry rather than a confirmed cycle top. Porkopolis Economics - Episode 299 Chapters: 00:00:00 - Bitcoin Price Dynamics and Market Analysis 00:02:41 - Bitcoin vs Gold: Analyzing Price Ratio Trends 00:09:11 - Money Supply Doubling and Market Support Levels 00:12:44 - Bitcoin's Path to Full Money Supply Dominance 00:15:26 - Understanding M1 Money Supply and Bitcoin 00:19:55 - Gold Market Cap Growth Potential 00:22:01 - Gold Price Surge and Market Correction 00:25:39 - Bitcoin to Gold Ratio Analysis 00:30:24 - Top Tech Stocks and Bitcoin Gold Ratio Analysis 00:38:16 - Market Top Analysis and October Peak Discussion 00:41:09 - Bitcoin Fees Signal Missing Bull Market Validation 00:42:57 - Wall Street Control and Bitcoin Price Scenarios 00:52:07 - Bitcoin Cycles and Long-Term Trends Analysis 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