Bitcoin Marketcap

$741B

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

$39,458  📈

+$1,115

+2.91%


S&P 500

4,402  📉

-9.31

-0.21%


Gold

$1,810  📉

-$0.49

-0.03%


Silver

$25.44  📉

-$0.08

-0.3%


Euro

$1.1836  📉

-$0

-0.21%


Yen

¥109.57  📈

+¥0.50

+0.46%


Renminbi (CNY)

¥6.4662   

-¥0

-0.06%


Oil (WTI)

$68.70  📉

-$1.91

-2.7%


BITCOIN STATS

Bitcoin Marketcap

$741B


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)

$36.2M


GBTC Premium

-6.63%


MSTR Premium

47.73%


BTC Down From ATH

38.88%


BTC Up From Cycle Low

35.11%


RATES & YIELDS

24hr change

UST 3mo

0.05%  📉

-0.01

-16.67%


UST 2yr

0.17%  📉

-0.02

-10.53%


UST 10yr

1.20%  📉

-0.04

-3.23%


UST 30yr

1.86%  📉

-0.03

-1.59%


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)

14.85x   

-0.45

-2.95%


M2:BTC (marketcap)

27.51x   

-0.83

-2.94%


BTC:Oil (price)

574.58x   

+31.94

+5.89%


Gold:Oil (price)

26.24x   

+0.63

+2.47%


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:

+251%

-11%

+33%

2 year:

+247%

+22%

+53%

3 year:

+466%

+48%

+55%

4 year:

+1,189%

+43%

+78%

5 year:

+6,756%

+35%

+102%

6 year:

+14,106%

+66%

+110%

7 year:

+6,675%

+38%

+129%

8 year:

+40,344%

+41%

+159%

9 year:

+364,368%

+12%

+215%

10 year:

+528,714%

+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%

$39,457

111

2.42%

$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

29 Jun 2020 | Nic Carter, Lyn Alden | Price when published: $9,150 (ROI since: +331%)

Debt, the dollar, and Bitcoin with Lyn Alden

Filed under: topic icon macro  medium icon podcasts

Lyn lays out the international monetary system works, the fundamentals of how government funding works, how it relates to QE, the parallels between the 1930s and the 2010s, and the potential for the 2020s to be an inflationary environment like the 1940s. She further explains her thinking around Bitcoin, and why its fundamentals have been derisked vs when she initiated coverage of it in 2017, as well as how the current macro environment is an ideal backdrop for Bitcoin.

EXCERPT

- How the Bretton Woods system broke down and gave way to the Nixon shock
- The genesis of the petrodollar system with Saudi Arabia
- Alternatives to the dollar reserve that were mooted prior to Bretton Woods II
- Why the dollar reserve system has begun to impose a cost on americans rather than being a net benefit
- How the US became a debtor nation and what that means for the middle class
- Why the US dollar can’t find a natural equilibrium
- The relationship between dollar strength and emerging markets
- Why the US government is caught between remaining strategic power through dollar centrality versus re-onshoring supply chains
- Can the world transition past a dollar standard?
- Why global commodities being priced in a single currency is a historical aberration
- Why calling QE simply an asset swap isn’t a complete description
- Why our monetary situation bears resemblance to the 1940s
- The Fed’s changing inflation target
- Why QE in 2008-14 was largely noninflationary and why this time might be different
- Lyn’s view on Bitcoin and how it fits into her macro thesis
- Lyn’s major concerns about Bitcoin


Listen Now

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