Bitcoin Marketcap

$739B

Gold Marketcap

$11.01T

BTC Settlement Volume (24hr)

$8.73B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$39,358  ๐Ÿ“ˆ

+$1,251

+3.28%


S&P 500

4,400  ๐Ÿ“‰

-11.02

-0.25%


Gold

$1,810  ๐Ÿ“ˆ

+$2.68

+0.15%


Silver

$25.41  ๐Ÿ“‰

-$0.11

-0.42%


Euro

$1.1836  ๐Ÿ“‰

-$0

-0.21%


Yen

ยฅ109.57  ๐Ÿ“ˆ

+ยฅ0.50

+0.46%


Renminbi (CNY)

ยฅ6.4662   

-ยฅ0

-0.06%


Oil (WTI)

$69.16  ๐Ÿ“‰

-$1.57

-2.22%


BITCOIN STATS

Bitcoin Marketcap

$739B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.40%


BTC Settlement Volume (24hr)

$8.73B


Real Exchange Volume (24hr)

$5.89B


Active Addresses

820,918


Mining Reward Value (24hr)

$36.1M


GBTC Premium

-6.63%


MSTR Premium

47.43%


BTC Down From ATH

39.08%


BTC Up From Cycle Low

34.97%


RATES & YIELDS

24hr change

UST 3mo

0.05%  ๐Ÿ“‰

-0.01

-16.67%


UST 2yr

0.17%  ๐Ÿ“‰

-0.02

-10.53%


UST 10yr

1.20%  ๐Ÿ“‰

-0.04

-3.23%


UST 30yr

1.86%  ๐Ÿ“‰

-0.03

-1.59%


Fed Funds (EFFR)

0.10%  ๐Ÿ“ˆ

+0.03

+42.86%


US 10yr Breakeven Inflation

2.38%  ๐Ÿ“ˆ

+0.01

+0.42%


Real Rate (10yr)

-1.13%  ๐Ÿ“ˆ

-0.01

-0.89%


RATIOS

24hr change

Gold:BTC (marketcap)

14.90x   

-0.46

-2.96%


M2:BTC (marketcap)

27.60x   

-0.93

-3.26%


BTC:Oil (price)

568.94x   

+30.37

+5.64%


Gold:Oil (price)

26.18x   

+0.62

+2.44%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.22T  ๐Ÿ“ˆ

+$143B

+1.77%


M1 Money Supply

$19.27T  ๐Ÿ“ˆ

+$46.40B

+0.24%


M2 Money Supply

$20.39T  ๐Ÿ“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%

$39,377

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

9 Aug 2019 | Parker Lewis | Price when published: $11,928 (ROI since: +230%)

Bitcoin is Not Too Volatile

Filed under: topic icon fundamentals  medium icon blogs

EXCERPT

Consider why there is fundamental demand for bitcoin and why bitcoin is naturally volatile. Bitcoin is valuable because it has a fixed supply and it is also volatile for the same reason. The fundamental demand driver for bitcoin is in its scarcity.
...
While demand is increasing by orders of magnitude, there is no supply response because bitcoinโ€™s supply schedule is fixed. The disparity in the rate of increase in demand (variable) vs. supply (fixed) combined with imperfect knowledge amongst market participants causes volatility as a function of price discovery.


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