Bitcoin Power Law Explained: Where Are We in the Cycle? | Matthew Mezinskis
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🎯 EPISODE THESIS
What if Bitcoin isn't growing exponentially — and that's exactly why it lasts?
The global monetary base is about 26.2 trillion dollars. Bitcoin is about 1.2 trillion. That means Bitcoin is still less than 5% of the world's base money.
In this episode of BitCorner Podcast, Matthew "Matty" Mezinskis (@1basemoney) — macroeconomic researcher, host of Crypto Voices, and one of the leading voices on the Bitcoin power law and global money supply data — joins us from Latvia to explain what money really is, how Bitcoin compares to the global monetary base, and why its price follows a power law instead of an exponential curve.
Matty walks us through his charts live: what a log-log chart shows, why the power law is "something you can't unsee," where we are in the cycle right now, and why he thinks Bitcoin grows like a city, not a nation state.
We also discuss:
• Why study money, and what the 2008 financial crisis taught a generation
• What money is — and why your credit card isn't money at all
• Base money vs. M1, M2 and M3
• Bitcoin vs. the global monetary base, and how it compares to gold
• Why central banks hold a monopoly on money — and why that might not be forever
• Governments, El Salvador and Bitcoin
• How to read the Bitcoin power law chart (log-linear vs. log-log)
• Power law vs. stock-to-flow
• Where we are now in the Bitcoin cycle
• Cities, nation states and power laws
• The strongest argument against the power law
• Why exponential trends are dangerous
• Geopolitics and money, from the Baltics to Ukraine
This is not a price prediction episode.
It is a conversation about how money actually works — and why a scarce, predictable asset that grows on a power curve could be the most important monetary experiment of our time.
Bitcoin is still under 5% of the world's base money.
How big can it get — and how fast?
⏱️ CHAPTERS
00:00 Cold open: Bitcoin's returns in 20 years
02:14 Welcome, Matthew Mezinskis
03:35 Why study money?
06:56 What is money?
11:24 How the power law started
14:09 Bitcoin vs the global monetary base
20:25 Governments, El Salvador and Bitcoin
25:11 Sponsors
27:29 How to read the power law chart
33:29 Power law vs stock-to-flow
40:29 Why Bitcoin's growth rate declines
45:43 Where are we now in the cycle?
48:52 Cities, nation states and power laws
53:22 The strongest argument against the power law
1:01:23 Geopolitics and money
1:11:05 Where to find Matty
📊 MATTY'S WORK
Matthew Mezinskis researches base money and the Bitcoin power law, and hosts the Crypto Voices podcast. His base money charts and data tables will be available for download later this fall.
👤 CONNECT
🎙️ Matthew "Matty" Mezinskis
Macroeconomic researcher, host of Crypto Voices.
YouTube, X and Nostr: @1basemoney
Juan / BitCorner
Website: https://bitcornershow.framer.ai/
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