How much does TradFi care about Bitcoin?

Show Notes

In this episode, Matthew takes on the growing narrative that institutional adoption will “mute” Bitcoin’s price volatility and suppress future bull markets. He examines spot volume across Bitcoin exchanges compared to ETFs, miners, and publicly traded Bitcoin treasury companies like MicroStrategy. The numbers show a clear pattern: Bitcoin spot volume continues to dwarf all TradFi Bitcoin instruments combined. Using volume comparisons to the top 30 global stocks, Matthew questions whether this cycle will really be “different.” Even with ETFs gaining traction and Bitcoin-related stocks increasing in trade volume, their share remains small compared to raw Bitcoin spot volume. He argues that TradFi has not overtaken the market—not even close. The discussion also dives into metrics like R² power curves, historical price action during previous cycles, and whether current volume and structural dynamics support the idea of another mega bull run. The takeaway? We’ve seen this setup before, and it didn't end quietly. Porkopolis Economics - Episode 256 Chapters: 00:00:00 - Intro 00:00:03 - Bitcoin Volume Trends and Institutional Adoption 00:05:48 - Analyzing ETF and Bitcoin Volume 00:11:22 - Comparing Bitcoin Spot and TradFi Volume 00:14:21 - Bitcoin Stocks and Market Volume 00:18:03 - Bitcoin Spot Volume and Market Trends 00:23:53 - Bitcoin Volume vs. Global Stock Volume 00:40:12 - Tracking Bitcoin Treasury Companies 00:42:10 - Wall Street's Influence on Bitcoin 00:45:59 - Analyzing Bitcoin Market Penetration 00:50:42 - Bitcoin Market Trends and Predictions 01:04:43 - Bitcoin's Future and Market Dynamics 01:21:39 - Repo Spike and Federal Debt Trends 01:29:55 - Great Speculation and Market Trends 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