Bitcoin Marketcap

$738B

Gold Marketcap

$10.98T

BTC Settlement Volume (24hr)

$8.73B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$39,296  πŸ“ˆ

+$1,114

+2.92%


S&P 500

4,401  πŸ“‰

-10.22

-0.23%


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

$738B


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

47.13%


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   

-0.44

-2.9%


M2:BTC (marketcap)

27.63x   

-0.79

-2.78%


BTC:Oil (price)

569.67x   

+27.55

+5.08%


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%

$39,305

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

Bitcoin is a Breakthrough in Computer Science

theme image

Truly digital cash was a goal in cryptography circles since the 1980s. The foundations were laid in the 1970s with the advent of usable public-key cryptography. A number of cryptographers (and "cypherpunks") realized that private digital cash, not controlled by any person, corporation, or nation-state was possible, and various efforts toward this end were undertaken.

But there were problems. While the core cryptography making digital money theoretically possible existed since the 1980s, the incentive structures to control inflation & distribution of the money supply, as well as an elegant solution to the "double spending problem" did not exist until Satoshi Nakamoto published the bitcoin whitepaper in Oct 2008.

Pieces About Bitcoin as a Breakthrough in Computer Science