Bitcoin is Antifragile

Bitcoin Marketcap

$1.20T

Gold Marketcap

$14.54T

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

$63,564 📈

+$1,445

+2.33%

S&P 500

4,957 📉

-45.87

-0.92%

Gold

$2,392 📉

-$2.45

-0.1%

Silver

$28.69 📈

+$0.42

+1.48%

Euro

$1.0667 📈

+$0.00

+0.34%

Yen

¥154.63 📈

+¥0.15

+0.10%

Renminbi (CNY)

¥7.2398

+¥0.00

+0.04%

Oil (WTI)

$82.84 📉

-$1.42

-1.69%

BITCOIN STATS

Bitcoin Marketcap

$1.20T

BTC Inflation Rate (next 1yr)

1.17%

% Supply Issued

90.03%

BTC Settlement Volume (24hr)

$12.90B

Real Exchange Volume (24hr)

$35.48B

Active Addresses

1.02M

Mining Reward Value (24hr)

$58.2M

GBTC Premium

293.41%

MSTR Premium

57.39%

BTC Down From ATH

13.97%

BTC Up From Cycle Low

6.39%

RATES & YIELDS

24hr change

UST 3mo

5.46% 📈

+0.01

+0.18%

UST 2yr

4.93% 📉

-0.04

-0.8%

UST 10yr

4.59% 📉

-0.08

-1.71%

UST 30yr

4.71% 📉

-0.06

-1.26%

Fed Funds (EFFR)

5.33% 📈

US 10yr Breakeven Inflation

2.40% 📈

+0.01

+0.42%

Real Rate (10yr)

2.19% 📉

-0.09

-3.95%

RATIOS

24hr change

Gold:BTC (marketcap)

12.10x

-0.31

-2.53%

M2:BTC (marketcap)

17.29x

-0.43

-2.43%

BTC:Oil (price)

766.74x

+22.59

+3.04%

Gold:Oil (price)

28.87x

+0.18

+0.64%

US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T 📉

-1.45%

M1 Money Supply

$17.94T 📉

-0.25%

M2 Money Supply

$20.78T 📈

+$1.80B

+0.01%

BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

Bitcoin

Gold

S&P 500

1 year:

+129%

+20%

2 year:

+59%

+26%

+12%

3 year:

+21%

+34%

+19%

4 year:

+832%

+39%

+77%

5 year:

+1,089%

+88%

+71%

6 year:

+620%

+80%

+85%

7 year:

+5,062%

+86%

+109%

8 year:

+14,100%

+93%

+137%

9 year:

+27,109%

+102%

+135%

10 year:

+12,681%

+86%

+164%

11 year:

+42,858%

+69%

+214%

12 year:

+1.3 million%

+46%

+261%

13 year:

+4.0 million%

+59%

+271%

14 year:

+2.1 billion%

+108%

+308%

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

0.18%

$63,601

0.93%

$60,000

1.65%

$50,000

211

3.78%

$40,000

462

8.27%

$30,000

707

12.66%

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

12 Jun 2020 | Parker Lewis | Price when published: $9,376 (ROI since: +578%)

Filed under: topic icon fundamentals medium icon blogs

Topics include:
- Bitcoin Benefits from Disorder
- Bitcoin Benefits from Stressors
- Bitcoin Benefits from Volatility
- Bitcoin Benefits from Randomness

EXCERPT

As bitcoin survives shocks and as individuals learn from errors and adapt to its volatility, bitcoin becomes tangibly more reliable; its demonstration of resilience and immunity causes trust to be reinforced in the network, which increases adoption and makes bitcoin more resistant to future attack or individual errors. It is a positive, self-reinforcing feedback loop.

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