The Pomp Podcast Why Bitcoin’s Next Big Move Is Closer Than Everyone Thinks
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Dec 11, 2025 Mel Mattison, a top macro strategist, shares his insights on the current economic landscape. He argues that inflation fears are overblown and predicts interest rates may fall swiftly. Discussing the rise of young independent investors, Mel connects their distrust in institutions to Bitcoin's growing appeal. He also sheds light on the dynamics of skilled trades versus college graduates and hints at an upcoming institutional demand for Bitcoin, envisioning potential new highs by 2026.
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Energy Is The Main Inflation Lever
- Energy prices drive inflation more than QE or fiscal spending in the short run.
- With oil low, Mel Mattison expects CPI to drift toward the Fed target next year.
Cut Rates If Energy Keeps Inflation Low
- Lowering rates toward and below neutral can be managed without reigniting inflation if energy stays low.
- Policymakers should consider dampening rates and using other tools to keep input prices down.
Affordability Narratives Clash With Aggregate Data
- Aggregate data show real wages and lower-quartile net worth at multi-decade highs despite narratives of an affordability crisis.
- The perceived crisis partly reflects distributional shifts, not overall deterioration.