Bitcoin Marketcap

$734B

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

$39,076  📈

+$689.88

+1.80%


S&P 500

4,405  📉

-5.91

-0.13%


Gold

$1,810  📈

+$2.37

+0.13%


Silver

$25.54  📈

+$0.08

+0.30%


Euro

$1.1894  📈

+$0.00

+0.26%


Yen

¥108.76  📉

-¥0.15

-0.14%


Renminbi (CNY)

¥6.4564   

-¥0.01

-0.14%


Oil (WTI)

$69.16  📉

-$0.88

-1.26%


BITCOIN STATS

Bitcoin Marketcap

$734B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.40%


BTC Settlement Volume (24hr)

$8.73B


Real Exchange Volume (24hr)

$5.15B


Active Addresses

820,918


Mining Reward Value (24hr)

$35.8M


GBTC Premium

-6.63%


MSTR Premium

45.85%


BTC Down From ATH

39.66%


BTC Up From Cycle Low

33.61%


RATES & YIELDS

24hr change

UST 3mo

0.05%  📉

-0.01

-16.67%


UST 2yr

0.19%  📉

-0.01

-5%


UST 10yr

1.24%  📉

-0.04

-3.13%


UST 30yr

1.89%  📉

-0.02

-1.05%


Fed Funds (EFFR)

0.10%  📈

+0.03

+42.86%


US 10yr Breakeven Inflation

2.38%  📈

+0.01

+0.42%


Real Rate (10yr)

-1.13%  📈

-0.01

-0.89%


RATIOS

24hr change

Gold:BTC (marketcap)

15.00x   

-0.24

-1.59%


M2:BTC (marketcap)

27.78x   

-0.44

-1.54%


BTC:Oil (price)

565.01x   

+16.73

+3.05%


Gold:Oil (price)

26.18x   

+0.33

+1.27%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.22T  📈

+$143B

+1.77%


M1 Money Supply

$19.27T  📈

+$46.40B

+0.24%


M2 Money Supply

$20.39T  📈

+$18.80B

+0.09%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+249%

-11%

+34%

2 year:

+242%

+22%

+53%

3 year:

+459%

+48%

+55%

4 year:

+1,173%

+43%

+78%

5 year:

+6,677%

+36%

+102%

6 year:

+13,918%

+66%

+111%

7 year:

+6,585%

+38%

+130%

8 year:

+39,811%

+41%

+159%

9 year:

+359,564%

+12%

+215%

10 year:

+522,515%

+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%

$39,076

117

2.55%

$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

27 May 2011 | Gwern | Price when published: $8.60 (ROI since: +454,266%)

Bitcoin is Worse is Better

Filed under: topic icon history  medium icon blogs

EXCERPT

The genius of Bitcoin, in inventing a digital currency successful in the real world, is not in creating any new abstruse mathematics or cryptographic breakthrough, but in putting together decades-old pieces in a semi-novel but extremely unpopular way. Everything Bitcoin needed was available for many years, including the key ideas.

However, the sacrifice Bitcoin makes to achieve decentralization is—however practical—a profoundly ugly one. Early reactions to Bitcoin by even friendly cryptographers & digital currency enthusiasts were almost uniformly extremely negative, and emphasized the (perceived) inefficiency & (relative to most cryptography) weak security guarantees. Critics let ‘perfect be the enemy of better’ and did not perceive Bitcoin’s potential. However, in an example of ‘Worse is Better’, the ugly inefficient prototype of Bitcoin successfully created a secure decentralized digital currency, which can wait indefinitely for success, and this was enough to eventually lead to adoption, improvement, and growth into a secure global digital currency.


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