Bitcoin Marketcap

$589B

Gold Marketcap

$11.31T

BTC Settlement Volume (24hr)

$9.68B

BTC Inflation Rate (next 1yr)

1.81%

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KEY MARKETS

24hr change

Bitcoin

$31,669  πŸ“‰

 

-8.15%


S&P 500

3,850  πŸ“ˆ

+1.20

+0.03%


Gold

$1,861  πŸ“‰

-$9.99

-0.53%


Silver

$25.49  πŸ“‰

-$0.46

-1.79%


Euro

$1.2174  πŸ“ˆ

+$0.00

+0.34%


Yen

Β₯103.57  πŸ“ˆ

+Β₯0.19

+0.18%


Renminbi (CNY)

Β₯6.4688   

+Β₯0.01

+0.14%


Oil (WTI)

$52.46  πŸ“‰

-$0.65

-1.22%


BITCOIN STATS

Bitcoin Marketcap

$589B


BTC Inflation Rate (next 1yr)

1.81%


% Supply Issued

88.60%


BTC Settlement Volume (24hr)

$9.68B


Real Exchange Volume (24hr)

$15.67B


Active Addresses

1.11M


Mining Reward Value (24hr)

$28.5M


GBTC Premium

5.21%


BTC Down From ATH

23.58%


BTC Up From Cycle Low

6.95%


RATES & YIELDS

24hr change

UST 3mo

0.08%  πŸ“‰

-0.01

-11.11%


UST 2yr

0.13%  πŸ“ˆ

+0

0%


UST 10yr

1.11%  πŸ“ˆ

+0

0%


UST 30yr

1.85%  πŸ“ˆ

+0

0%


Fed Funds (EFFR)

0.09%  πŸ“ˆ

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

19.18x   

+1.45

+8.18%


M2:BTC (marketcap)

33.14x   

+3.24

+10.86%


BTC:Oil (price)

604.26x   

-44.49

-6.86%


Gold:Oil (price)

35.47x   

+0.25

+0.70%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.33T  πŸ“‰

 

-0.39%


M1 Money Supply

$6.80T  πŸ“ˆ

+$131B

+1.97%


M2 Money Supply

$19.55T  πŸ“ˆ

+$351B

+1.83%


THE BITCOIN LIBRARY

13 Nov 2020 | Ria Bhutoria | Price when published: $16,288 (ROI since: +94.36%)

Addressing Persisting Bitcoin Criticisms

Filed under: topic icon fundamentals  medium icon blogs

In this piece, Ria Bhutoria - Director of Research at Fidelity Digital Assets - addresses six common criticisms of bitcoin that repeatedly come up in their conversations:

Criticisms Addressed:
- Bitcoin is too volatile to be a store of value.
- Bitcoin has failed as a means of payment.
- Bitcoin is wasteful.
- Bitcoin is used for illicit activity.
- Bitcoin is not backed by anything.
- Bitcoin will be replaced by a competitor.


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