Mr. M Podcast | Maurizio Pedrazzoli Grazioli Why Everyone Is Wrong About Bitcoin
Nov 26, 2025
The discussion dives into the Bitcoin market's current fears and anxieties, exploring the clash between cycle narratives and liquidity-driven moves. Insights on whether the traditional four-year cycle is over spark intriguing debates. Matthew breaks down Bitcoin's adoption curve against monetary supply, highlighting its unique characteristics. The hosts share predictions for Bitcoin's future, noting that global shocks might test its resilience. Finally, strategy tips on consistent accumulation and buying patterns offer practical takeaways for investors.
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Base Money Is The Best Money Comparison
- Base money (monetary base) is the most apples-to-apples money-stock comparison to Bitcoin globally. Matthew shows that base money rose massively during the pandemic and that Bitcoin's growth often correlates with central-bank base money trends but not perfectly.
M2 Misleads When Linked To Bitcoin
- M2 is a retail deposit measure and misused when people try to correlate it directly with Bitcoin movements. Matthew warns M3/institutional liquidity matters more for large flows but the Fed stopped publishing full M3 in 2006, complicating neat claims.
Power Law Dominates Long-Term Bitcoin Growth
- Bitcoin follows a strong power-law adoption curve that gives long-term comfort despite macro noise. Matthew and Smitty argue the network adoption power law is a dominant, persistent driver distinct from short-term liquidity cycles.