Bitcoin Marketcap

$737B

Gold Marketcap

$10.99T

BTC Settlement Volume (24hr)

$8.73B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$39,262  πŸ“ˆ

+$1,139

+2.99%


S&P 500

4,396  πŸ“‰

-14.92

-0.34%


Gold

$1,807  πŸ“ˆ

-$0.02

-0%


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₯6.4651   

-Β₯0.01

-0.08%


Oil (WTI)

$68.98  πŸ“‰

-$1.47

-2.09%


BITCOIN STATS

Bitcoin Marketcap

$737B


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

47.12%


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)

14.90x   

-0.45

-2.91%


M2:BTC (marketcap)

27.66x   

-0.87

-3.06%


BTC:Oil (price)

569.12x   

+28.48

+5.27%


Gold:Oil (price)

26.08x   

+0.33

+1.28%


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%

$39,257

113

2.46%

$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

Critique #10: Bitcoin Gets Hacked

<< back to all critiques

critique:  There are news reports all the time about bitcoin getting hacked. Bitcoin must not be secure.

rebuttal:  Bitcoin is a protocol run by thousands of computers and operators all over the world. The news stories about "bitcoin" getting hacked refer to centralized services that *use* bitcoin getting hacked, not bitcoin itself. Most famously, the notorious early bitcoin exchange, MtGox, got hacked and drained of 650,000 BTC ($362mm worth at the time). This is akin to your bank or stock broker getting hacked. Bitcoin itself has never been hacked, and is perhaps the most scrutinized codebase in the world. Furthermore, because it is decentralized, it is not prone to the usual attack vectors that centralized services (like your bank and MtGox) are exposed to.

Even though bitcoin the protocol has never been "hacked", diligent attention must be paid to storing bitcoins securely. Bitcoin's key properties include the fact that transactions are irreversible, and that no one sits in the middle of a transaction. That means that if someone else gets control of your bitcoin, they can send it to their own wallet and there's nothing anyone can do to stop or reverse that. This is a key strength of bitcoin as a cash-like bearer asset and money system that is credibly neutral & global, but it does mean secure storage is all the more important, since there simply is zero recourse if something goes wrong.

Thankfully, there is now a wide range of reputable products and services that help you safely store your bitcoin. In contrast to even just 3 or 4 years ago, there are now many ways to securely store bitcoin, ranging from relying on a regulated custodian (such as Fidelity), to taking full control yourself with a hardware wallet or other self-storage solution. There are also hybrid models where you retain significant control, but offload a large part of the security burden to other providers (such as Casa or Unchained Capital). While bitcoin owners still need to think carefully about what storage solution is right for them, bitcoin custody is not the wild-west it once was.