Bitcoin Marketcap

$737B

Gold Marketcap

$10.98T

BTC Settlement Volume (24hr)

$8.73B

BTC Inflation Rate (next 1yr)

1.79%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$39,299  πŸ“ˆ

+$1,114

+2.92%


S&P 500

4,398  πŸ“‰

-13.27

-0.3%


Gold

$1,807  πŸ“‰

-$0.51

-0.03%


Silver

$25.38  πŸ“‰

-$0.13

-0.51%


Euro

$1.1843  πŸ“‰

-$0

-0.2%


Yen

Β₯109.55  πŸ“ˆ

+Β₯0.59

+0.54%


Renminbi (CNY)

Β₯6.4662   

-Β₯0

-0.06%


Oil (WTI)

$68.98  πŸ“‰

-$1.47

-2.09%


BITCOIN STATS

Bitcoin Marketcap

$737B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.40%


BTC Settlement Volume (24hr)

$8.73B


Real Exchange Volume (24hr)

$6.01B


Active Addresses

820,918


Mining Reward Value (24hr)

$36.0M


GBTC Premium

-6.63%


MSTR Premium

47.55%


BTC Down From ATH

39.18%


BTC Up From Cycle Low

34.46%


RATES & YIELDS

24hr change

UST 3mo

0.05%  πŸ“‰

-0.01

-16.67%


UST 2yr

0.19%  πŸ“‰

-0.01

-5%


UST 10yr

1.24%  πŸ“‰

-0.04

-3.13%


UST 30yr

1.89%  πŸ“‰

-0.02

-1.05%


Fed Funds (EFFR)

0.10%  πŸ“ˆ

+0.03

+42.86%


US 10yr Breakeven Inflation

2.38%  πŸ“ˆ

+0.01

+0.42%


Real Rate (10yr)

-1.13%  πŸ“ˆ

-0.01

-0.89%


RATIOS

24hr change

Gold:BTC (marketcap)

14.89x   

-0.43

-2.81%


M2:BTC (marketcap)

27.65x   

-0.83

-2.91%


BTC:Oil (price)

569.26x   

+28.04

+5.18%


Gold:Oil (price)

26.19x   

+0.54

+2.12%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.22T  πŸ“ˆ

+$143B

+1.77%


M1 Money Supply

$19.27T  πŸ“ˆ

+$46.40B

+0.24%


M2 Money Supply

$20.39T  πŸ“ˆ

+$18.80B

+0.09%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+251%

-12%

+33%

2 year:

+245%

+22%

+53%

3 year:

+463%

+48%

+55%

4 year:

+1,183%

+42%

+78%

5 year:

+6,719%

+35%

+102%

6 year:

+14,013%

+66%

+110%

7 year:

+6,631%

+38%

+129%

8 year:

+40,081%

+41%

+158%

9 year:

+361,997%

+12%

+214%

10 year:

+526,280%

+10%

+267%

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

$40,000

109

2.37%

$39,300

112

2.44%

$30,000

213

4.64%

$20,000

231

5.03%

$10,000

536

11.66%

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

26 Mar 2020 | Parker Lewis | Price when published: $6,712 (ROI since: +486%)

Bitcoin is a Rally Cry

Filed under: topic icon macro  medium icon blogs

EXCERPT

While bitcoin is valued for different reasons by different people, it consistently appeals to those that have identified the inherent level of freedom afforded by such a powerful tool, particularly in a world full of never-ending economic calamities. As the fragility and instability of the global financial system becomes more apparent by the day, central bankers and politicians scramble in a race to see who can provide more stimulus to an economy that is flatlining.


Read in Full

What do you think of this piece?


MORE FROM Parker Lewis

icon
12 Jun 2020
Parker Lewis

icon
1 May 2020
Parker Lewis

icon
13 Feb 2020
Parker Lewis

icon
24 Jan 2020
Parker Lewis

icon
29 Nov 2019
Parker Lewis

icon
8 Nov 2019
Parker Lewis

icon
18 Oct 2019
Parker Lewis

icon
27 Sep 2019
Parker Lewis

icon
6 Sep 2019
Parker Lewis

icon
30 Aug 2019
Parker Lewis

icon
23 Aug 2019
Parker Lewis

icon
16 Aug 2019
Parker Lewis

icon
9 Aug 2019
Parker Lewis

icon
2 Aug 2019
Parker Lewis

icon
26 Jul 2019
Parker Lewis

MORE FROM MACRO & POLITICS

OTHER CONTENT