The Mustard Seed Bitcoin Podcast Understanding the Parabolic Rise of Gold (Analog Bitcoin) with Joe Consorti
Jan 28, 2026
Joe Consorti, a Bitcoin strategist and monetary metals researcher, explains dramatic gold and silver rallies and shifting sovereign demand. He contrasts metals’ flows with bitcoin’s current underperformance. Topics include yen carry dynamics, potential sovereign rotations into bitcoin, and how global monetary repricing could lift crypto’s ceiling.
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Sovereigns Are Shifting To Hard Money
- Gold's rally signals a sovereign shift from US treasuries to hard money across the globe.
- China-driven silver moves reflect export controls and industrial demand rather than a US-dollar collapse.
Bitcoin Vs Gold Reveals A Long Mispricing
- Bitcoin priced in gold shows an extended underperformance that could end around the 14-month bear-market mark.
- Valuing Bitcoin in hard money reveals secular mispricing compared with dollar denominated measures.
Gold Leads; Bitcoin Often Follows
- Gold often leads and Bitcoin historically lags by months, creating variable lag relationships between the assets.
- Current divergence is larger due to geopolitical revaluation and sovereign inflows into metals.
