Bitcoin is Not a Pyramid Scheme

Bitcoin Marketcap

$1.14T

Gold Marketcap

$15.96T

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

$60,308 📉

-2.3%

S&P 500

5,771 📉

-8.61

-0.15%

Gold

$2,625 📈

+$15.27

+0.59%

Silver

$31.10 📈

+$0.60

+1.96%

Euro

$1.0926 📉

-$0

-0.21%

Yen

¥148.53 📉

-¥0.71

-0.48%

Renminbi (CNY)

¥7.0802

-¥0

-0.03%

Oil (WTI)

$75.56 📈

+$2.63

+3.61%

BITCOIN STATS

Bitcoin Marketcap

$1.14T

BTC Inflation Rate (next 1yr)

1.17%

% Supply Issued

90.03%

BTC Settlement Volume (24hr)

$12.90B

Real Exchange Volume (24hr)

$17.24B

Active Addresses

1.02M

Mining Reward Value (24hr)

$55.4M

GBTC Premium

200.86%

MSTR Premium

-80.49%

BTC Down From ATH

18.11%

BTC Up From Cycle Low

22.22%

RATES & YIELDS

24hr change

UST 3mo

4.75% 📉

-0.02

-0.42%

UST 2yr

3.98% 📉

-0.01

-0.25%

UST 10yr

4.04% 📈

+0.01

+0.25%

UST 30yr

4.32% 📈

+0.02

+0.47%

Fed Funds (EFFR)

4.83% 📈

US 10yr Breakeven Inflation

2.29% 📈

+0.02

+0.88%

Real Rate (10yr)

1.75% 📉

-0.01

-0.57%

RATIOS

24hr change

Gold:BTC (marketcap)

14.00x

+0.40

+2.95%

M2:BTC (marketcap)

18.57x

+0.42

+2.30%

BTC:Oil (price)

798.32x

-47.63

-5.63%

Gold:Oil (price)

34.71x

-1.06

-2.97%

US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.05T 📉

-0.92%

M1 Money Supply

$18.12T 📈

+$64.20B

+0.36%

M2 Money Supply

$21.17T 📈

+$121B

+0.57%

BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

Bitcoin

Gold

S&P 500

1 year:

+123%

+40%

+32%

2 year:

+216%

+57%

+61%

3 year:

+7%

+50%

+32%

4 year:

+433%

+36%

+66%

5 year:

+631%

+76%

+95%

6 year:

+881%

+116%

+108%

7 year:

+991%

+102%

+126%

8 year:

+9,431%

+109%

+171%

9 year:

+23,970%

+126%

+189%

10 year:

+15,158%

+114%

+208%

11 year:

+44,973%

+107%

+238%

12 year:

+515,830%

+49%

+303%

13 year:

+1.5 million%

+56%

+376%

14 year:

+59 million%

+91%

+390%

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

0.26%

$60,308

208

3.61%

$60,000

213

3.70%

$50,000

378

6.56%

$40,000

629

10.92%

$30,000

874

15.18%

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

18 Oct 2019 | Parker Lewis | Price when published: $8,014 (ROI since: +653%)

Filed under: topic icon fundamentals medium icon blogs

EXCERPT

Bitcoin’s utility is as money. It has a market because it solves a problem inherent in modern money. Not only is bitcoin not a pyramid scheme; it is fundamentally distinct from the class of innovation that could be offered by any individual company. Bitcoin is not Dell and it is not Apple. It is not a tech stock. There is no company that exists behind bitcoin. Bitcoin is not a company selling a product and there is no income stream to pay future dividends. Bitcoin is not about making money; instead, bitcoin is money, or at least it has become money to those choosing to store a portion of their wealth in it.

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