Bitcoin Marketcap

$1.21T

Gold Marketcap

$14.11T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$64,197  πŸ“‰

 

-3.86%


S&P 500

5,036  πŸ“‰

-27.64

-0.55%


Gold

$2,320  πŸ“‰

-$8.34

-0.36%


Silver

$27.13  πŸ“‰

-$0.23

-0.86%


Euro

$1.0709  πŸ“ˆ

+$0.00

+0.06%


Yen

Β₯155.72  πŸ“ˆ

+Β₯0.84

+0.55%


Renminbi (CNY)

Β₯7.2468   

+Β₯0.00

+0.02%


Oil (WTI)

$82.98  πŸ“‰

-$0.55

-0.66%


BITCOIN STATS

Bitcoin Marketcap

$1.21T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$25.75B


Active Addresses

1.02M


Mining Reward Value (24hr)

$58.8M


GBTC Premium

263.07%


MSTR Premium

70.25%


BTC Down From ATH

12.88%


BTC Up From Cycle Low

7.72%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“ˆ

+0.03

+0.55%


UST 2yr

4.97%  πŸ“ˆ

+0

0%


UST 10yr

4.62%  πŸ“ˆ

+0

0%


UST 30yr

4.72%  πŸ“ˆ

+0

0%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.41%  πŸ“ˆ

+0

0%


Real Rate (10yr)

2.21%  πŸ“ˆ

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

11.62x   

+0.41

+3.62%


M2:BTC (marketcap)

17.17x   

+0.71

+4.30%


BTC:Oil (price)

773.79x   

-25.58

-3.2%


Gold:Oil (price)

27.95x   

+0.07

+0.24%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T  πŸ“‰

 

-1.45%


M1 Money Supply

$18.00T  πŸ“ˆ

+$53.40B

+0.30%


M2 Money Supply

$20.84T  πŸ“ˆ

+$57.60B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+126%

+16%

+24%

2 year:

+66%

+22%

+20%

3 year:

+24%

+30%

+21%

4 year:

+727%

+33%

+78%

5 year:

+1,143%

+81%

+71%

6 year:

+606%

+75%

+88%

7 year:

+4,721%

+83%

+111%

8 year:

+13,995%

+86%

+141%

9 year:

+28,376%

+91%

+139%

10 year:

+14,632%

+78%

+169%

11 year:

+45,967%

+59%

+218%

12 year:

+1.3 million%

+39%

+260%

13 year:

+2.0 million%

+50%

+269%

14 year:

+2.1 billion%

+98%

+321%

https://casebitcoin.com

Data Source: Messari.io, bitcoincharts.com

What is it: This shows bitcoin's ROI vs other potential inflation hedge assets.

Why it matters: As with the historical bitcoin price table, we see bitcoin's extreme outperformance vs other assets here as well. Bitcoin's relatively small size, plus fundamental properties, yield extreme outperformance when even relatively small funds-flows find their way to BTC.

BTC DAYS ABOVE PRICE

Bitcoin Price Closing History by Level

Days Bitcoin Closed Above:

Price

Days Above

% of Bitcoin's Life

$70,000

10

0.18%

$64,209

51

0.91%

$60,000

97

1.74%

$50,000

216

3.86%

$40,000

467

8.35%

$30,000

712

12.74%

Data Sources: Messari.io, bitcoincharts.com

What is it: This the number of days in which bitcoin "closed" (trading level at midnight UTC) above various price levels.

Why it matters: This can give a sense of where bitcoin is currently trading relative to past cycles.

SHARPE 5yr

DOUBLING TIME

THE BITCOIN LIBRARY

9 Aug 2020 | Jameson Lopp | Price when published: $11,726 (ROI since: +447%)

Are Chinese Miners a Threat to Bitcoin?

Filed under: topic icon technology  medium icon blogs

Jameson Lopp addresses the common criticism that mining concentration, particularly in China, presents a non-trivial threat to Bitcoin. Jameson summarizes the mining landscape (with plenty of data visualizations), examines what can and can't be done via a mining attack, practical issues and incentives surrounding executing an attack, and why even a nation-state attack is not likely to yield catastrophic results.

EXCERPT

It's hard to imagine a scenario in which a state actor would be able to quickly and covertly seize enough hashpower to perform an ongoing attack that lasts more than a few hours. A worst case scenario in which state actors did seize all of the physical equipment could result in China only mining empty blocks and orphaning other blocks that did contain transactions, essentially halting all transaction confirmations on the network. Then it would become a game of either patiently waiting for them to give up or coordinating a code change that would make their hashing machines worthless.

Point being, any large-scale mining attack is going to be limited in its effectiveness for a variety of reasons and will be unlikely to disrupt network operations for more than a short period of time.


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