Bitcoin Marketcap

$892B

Gold Marketcap

$10.83T

BTC Settlement Volume (24hr)

$25.82B

BTC Inflation Rate (next 1yr)

1.78%

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KEY MARKETS

24hr change

Bitcoin

$47,299  ๐Ÿ“‰

 

-16.92%


S&P 500

4,538  ๐Ÿ“‰

-32.65

-0.71%


Gold

$1,781  ๐Ÿ“ˆ

+$8.94

+0.50%


Silver

$22.53  ๐Ÿ“ˆ

+$0.18

+0.80%


Euro

$1.1313  ๐Ÿ“ˆ

+$0.00

+0.17%


Yen

ยฅ112.82  ๐Ÿ“‰

-ยฅ0.53

-0.47%


Renminbi (CNY)

ยฅ6.3764   

+ยฅ0.01

+0.08%


Oil (WTI)

$66.22  ๐Ÿ“‰

-$1.91

-2.8%


BITCOIN STATS

Bitcoin Marketcap

$892B


BTC Inflation Rate (next 1yr)

1.78%


% Supply Issued

89.95%


BTC Settlement Volume (24hr)

$25.82B


Real Exchange Volume (24hr)

$15.65B


Active Addresses

1.01M


Mining Reward Value (24hr)

$43.5M


GBTC Premium

-18.50%


MSTR Premium

8.99%


BTC Down From ATH

31.41%


BTC Up From Cycle Low

61.14%


RATES & YIELDS

24hr change

UST 3mo

0.05%  ๐Ÿ“‰

-0.01

-16.67%


UST 2yr

0.56%  ๐Ÿ“ˆ

+0.04

+7.69%


UST 10yr

1.43%  ๐Ÿ“ˆ

+0

0%


UST 30yr

1.77%  ๐Ÿ“‰

-0.01

-0.56%


Fed Funds (EFFR)

0.08%  ๐Ÿ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.43%  ๐Ÿ“‰

-0.04

-1.62%


Real Rate (10yr)

-1.04%  ๐Ÿ“ˆ

-0.03

-2.97%


RATIOS

24hr change

Gold:BTC (marketcap)

12.12x   

+2.10

+20.96%


M2:BTC (marketcap)

23.77x   

+4.04

+20.45%


BTC:Oil (price)

713.06x   

-123.27

-14.74%


Gold:Oil (price)

26.93x   

+0.91

+3.50%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.65T  ๐Ÿ“ˆ

+$94.22B

+1.10%


M1 Money Supply

$20.08T  ๐Ÿ“ˆ

+$221B

+1.11%


M2 Money Supply

$21.19T  ๐Ÿ“ˆ

+$204B

+0.97%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+151%

-3%

+23%

2 year:

+551%

+21%

+46%

3 year:

+1,226%

+44%

+69%

4 year:

+275%

+41%

+73%

5 year:

+6,173%

+52%

+105%

6 year:

+12,154%

+64%

+119%

7 year:

+12,518%

+50%

+120%

8 year:

+5,059%

+45%

+151%

9 year:

+355,766%

+5%

+221%

10 year:

+1,587,845%

+2%

+260%

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

$50,000

136

2.88%

$47,238

173

3.67%

$40,000

230

4.88%

$30,000

335

7.10%

$20,000

353

7.48%

$10,000

658

13.95%

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

2 Mar 2021 | Jurrien Timmer | Price when published: $49,055 (ROI since: -3.48%)

Fidelity - Understanding Bitcoin

Filed under: topic icon fundamentals  medium icon reports

Mr Timmer looks at macro considerations broadly, taking a historical approach to analyzing the effectiveness of various inflation hedge assets. The 12-page report looks at bitcoin's potential within this framework, starting with its fundamental properties, supply and demand drivers, and recent growth and validation as an asset class.

Topics covered include:
- About bitcoin: Prospects, prospectors, and portfolio managers
- Bitcoin Stock to Flow
- Metcalfe's Law
- Gold and bitcoin as a store of value
- BTC Valuation
- Equities as an inflation hedge
- Asset classes over time

EXCERPT

Among an increasing number of investors and portfolio managers, bitcoin is considered a legitimate and distinct asset class, and some may wish to consider bitcoin, alongside other alternatives, as one component of the bond side of a 60/40 portfolio.
...
In my view, bitcoin has gone mainstream, already considered a legitimate asset class by more and more investors. I think bitcoin has both a compelling supply dynamic (S2F) and demand dynamic (Metcalfeโ€™s Law). At close to $900 billion, bitcoin is still just a fraction of goldโ€™s total global value of roughly $11 trillion, not to mention total global financial assets of $160 trillion.

Bitcoin and Metcalfe Law


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