#710: Q4 2025 Monetary Base Update with Matthew Mežinskis

January 31, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

The Format: Casual interview-style chat with heavy chart analysis, blending data deep-dives and banter.
The Key Players:
- Matthew Mezinsk: Bitcoin data analyst and podcaster (year 7 of quarterly monetary base updates); famous for power-law charts tracking Bitcoin vs. fiat, gold, silver; brings charts live.
- Marty Bent: Host of TFTC podcast (year 9); sharp Bitcoin bull with geopolitical takes; great chemistry—playful ribbing on gold/silver bugs, mutual respect.
The Vibe: Educational yet fun, bullish on Bitcoin, optimistic amid market consolidation; mixes finance nerdery with fiery freedom talk.

🗝️ Key Themes & Topics

Main discussions revolve around Bitcoin's strength vs. precious metals hype, monetary trends, and global freedom battles.

Bitcoin vs. Gold/Silver Mining Revenues: Bitcoin miners at $17B trailing 12 months (stable post-halving), silver at $34B (double BTC), gold at record $400B (doubled in 2 years). Matthew cautions silver bugs at 5x trend (near 2011 peak), Bitcoin "cheap" historically in silver/gold terms.
Power-Law Trends & Relative Pricing: Bitcoin follows power curve (not exponential), ~42% annual growth slowing sustainably; cheapest ever vs. silver trend (785 oz/BTC, 0.1x trend), under 10th percentile vs. gold (17.5 oz/BTC). Silver/gold spikes unsus

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What you'll learn

1 (00:00) **🎙️ Introduction: Matthew Mezinskis**
2 (01:16) **Bitcoin Mining Revenue vs Gold/Silver Mining**
3 (11:11) **Silver Price Long-Term Analysis**
4 (15:35) **Bitcoin Power Curve vs Dollars & Silver**
5 (24:14) **Central Bank Gold Buying & "Big One" Debate**
6 (32:46) **Gold/Silver Ratios & Mining Dynamics**
7 (37:35) **Bitcoin Valuations in Gold & Silver**

+ Full timestamped outline available in the app

Show Notes

Marty sits down with Matthew Mežinskis to discuss their quarterly monetary base update, analyzing Bitcoin's power law trajectory against gold and silver's record-breaking rallies, why Bitcoin remains historically undervalued relative to precious metals, and geopolitical considerations around freedom and autocracy.

Matthew on X: https://x.com/1basemoney

Porkopolis: https://www.porkopolis.io/topmoney/

STACK SATS hat: https://tftcmerch.io/

Our newsletter: https://www.tftc.io/bitcoin-brief/

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Discord: https://discord.gg/VJ2dABShBz

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Shoutout to our sponsors:

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