Bitcoin Marketcap
$1.18T
Gold Marketcap
$14.47T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$1.18T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$30.60B
Active Addresses
1.02M
Mining Reward Value (24hr)
$56.7M
GBTC Premium
293.41%
MSTR Premium
64.09%
BTC Down From ATH
15.53%
BTC Up From Cycle Low
4.45%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
12.10x
-0.46
-3.63%
M2:BTC (marketcap)
17.38x
-0.67
-3.74%
BTC:Oil (price)
759.54x
+21.87
+2.96%
Gold:Oil (price)
28.58x
-0.22
-0.78%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
+118%
+19%
+21%
2 year:
+51%
+25%
+13%
3 year:
+12%
+33%
+20%
4 year:
+787%
+40%
+77%
5 year:
+1,069%
+86%
+72%
6 year:
+601%
+77%
+87%
7 year:
+4,905%
+85%
+111%
8 year:
+13,696%
+92%
+139%
9 year:
+26,297%
+100%
+137%
10 year:
+12,577%
+86%
+167%
11 year:
+45,841%
+68%
+221%
12 year:
+1.2 million%
+45%
+264%
13 year:
+3.6 million%
+58%
+275%
14 year:
+2.1 billion%
+107%
+312%
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%
$63,562
53
0.95%
$60,000
91
1.63%
$50,000
210
3.76%
$40,000
461
8.26%
$30,000
706
12.64%
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
29 Dec 2005 | | Price when published: (n/a)
Bit gold
Szabo's "Bit gold" is one of many pre-cursor ideas to Bitcoin. There are some remarkable similarities to Bitcoin (and Szabo is considered a "Satoshi candidate" by many), but the Bit gold idea still did not solve some of the key problems necessary for a decentralized digital money. Specifically, Bit gold makes reference to "proof of work functions", but highlights the problem of controlling the issuance of digital money and its dependence on compute performance. Szabo notes that other digital money proposals, such as Hal Finney's Reusable Proof of Work (RPOW), also suffer from this problem. It is often noted that a key breakthrough in Bitcoin was that it solves the "double spending problem", but solving the initial coin creation and distribution problem was also a critical shortcoming of prior decentralized digital money attempts.
About three years after Szabo published Bit gold, Satoshi Nakamoto published the Bitcoin whitepaper, which brought together various prior ideas, plus some novel game-theoretic approaches, providing the first workable solution to this problem in the context of truly decentralized digital money.
EXCERPT
Precious metals and collectibles have an unforgeable scarcity due to the costliness of their creation. This once provided money the value of which was largely independent of any trusted third party. Precious metals have problems, however. It's too costly to assay metals repeatedly for common transactions. Thus a trusted third party (usually associated with a tax collector who accepted the coins as payment) was invoked to stamp a standard amount of the metal into a coin. Transporting large values of metal can be a rather insecure affair, as the British found when transporting gold across a U-boat infested Atlantic to Canada during World War I to support their gold standard. What's worse, you can't pay online with metal.
Thus, it would be very nice if there were a protocol whereby unforgeably costly bits could be created online with minimal dependence on trusted third parties, and then securely stored, transferred, and assayed with similar minimal trust. Bit gold.
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