Bitcoin Settles $8T - Still 145x Smaller Than Fedwire

Show Notes

Matthew compares Bitcoin’s network activity to Fedwire—the U.S. central bank’s real-time settlement system—to give listeners a grounded, zoomed-out view of Bitcoin’s progress. While Bitcoin settles around $8.3 trillion annually, Fedwire processes over $1.1 quadrillion—a staggering 145x lead. The episode reviews metrics like daily transaction value, miner fees, issuance ratios, and trailing 12-month trends. Matthew contextualizes the recent slowdown in Bitcoin activity, pointing out that we’re far from the kind of euphoric bubble behavior seen in past tops. He analyzes the current state of the cycle—fees are low, transaction value is stable, and we’re likely still mid-cycle, not at a peak. Wrapping up, he revisits the power curve model, highlighting why exponential models often fail to capture Bitcoin’s sustainable network effects. Whether it’s $300 million in miner fees or $125 per transaction spikes, Matthew encourages listeners not to overreact to daily volatility. Instead, he presents a clear macro view: Bitcoin remains in a long-term bullish phase, and there’s still a lot of upside left on the table. Porkopolis Economics - Episode 276 Chapters: 00:00:00 - Moldova Election Results and Russian Interference 00:03:15 - Bitcoin Transaction Value Analysis 00:07:14 - Bitcoin Fees Analysis and Market Patterns 00:13:46 - Bitcoin Cycles and Market Analysis 00:15:55 - Bitcoin Fees vs Block Rewards Analysis 00:21:38 - Bitcoin Price Analysis and Trend Projections 00:26:14 - Bitcoin Power Curve Growth Analysis 00:34:58 - Market Cycles and Trend Analysis 00:38:43 - Bitcoin Support Levels and Transaction Fees 00:40:16 - Bitcoin Transaction Volume Growth Prediction 00:41:57 - Bitcoin Market Cycles and Network Indicators 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