Bitcoin Reaches Extreme Value Relative to Gold

Show Notes

This episode focuses on Bitcoin’s position relative to its long term power curve, with special attention on valuation in gold terms and what current percentiles actually signal. Matthew begins by addressing market anxiety and shows that while Bitcoin remains about 20 percent below its trend, it is sitting exactly at the median. Historically, this is a normal statistical position, not an extreme. He explains why a 0.8x multiple of trend is a fifty percent event and why this matters more than short term price swings. The most striking section centers on Bitcoin priced in gold. Matthew shows that Bitcoin is now at the lowest percentile it has ever reached relative to gold, even lower than 2012 and 2022 on a proportional basis. While Bitcoin trades near 20 to 22 ounces of gold, the percentile position is effectively at the floor. He explores why gold’s recent 40 percent annualized rise cannot be sustained long term based on supply growth and central bank accumulation, which has increased only marginally over the past decade. Porkopolis Economics - Episode 310 Chapters: 00:00:00 - Intro 00:06:18 - Bitcoin Gold Ratio at Historic Lows 00:12:24 - Bitcoin Fees and Mining Rewards Analysis 00:15:36 - Secular Bull Market Still Intact 00:23:20 - Bitcoin vs Gold: Why Bitcoin Wins 00:25:47 - Gold Prices Hit All-Time Lows 00:27:59 - Bitcoin's Historical Low and Price Cycles 00:34:09 - Bitcoin at 65K: Market Analysis and Predictions 00:39:27 - Fed Balance Sheet Trends and Debt Holdings 00:43:02 - Bitcoin Price vs Fed Money Printing 00:45:33 - Bitcoin Power Curve and Doubling Time 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