Bitcoin Marketcap
$527B
Gold Marketcap
$11.83T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.62%
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SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$527B
BTC Inflation Rate (next 1yr)
1.62%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$4.84B
Active Addresses
1.02M
Mining Reward Value (24hr)
$25.5M
GBTC Premium
-12.38%
MSTR Premium
11.47%
BTC Down From ATH
59.43%
BTC Up From Cycle Low
103.60%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
22.44x
-0.59
-2.57%
M2:BTC (marketcap)
39.23x
-0.95
-2.36%
BTC:Oil (price)
384.44x
+11.60
+3.11%
Gold:Oil (price)
26.83x
+0.13
+0.49%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
-9%
+5%
+2%
2 year:
-21%
+2%
+0.12%
3 year:
+191%
+11%
+39%
4 year:
+230%
+51%
+51%
5 year:
+276%
+49%
+55%
6 year:
+1,138%
+53%
+75%
7 year:
+5,155%
+60%
+101%
8 year:
+12,208%
+64%
+100%
9 year:
+4,326%
+56%
+119%
10 year:
+21,816%
+40%
+157%
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
327
6.22%
$30,000
502
9.55%
$27,878
560
10.65%
$20,000
760
14.45%
$10,000
1176
22.37%
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
15 Nov 2017 | | Price when published: $6,940 (ROI since: +302%)
How to Value Bitcoin and Other Cryptocurrencies
Topics include:
- Cryptocurrencies 101
- Bitcoin vs. Fiat Currencies vs. Precious Metals
- The Difficulty in Valuing Cryptocurrency
- Quantity Theory of Money
- National Currency Comparisons
- Pure Store of Value: Percent of Net Worth
- Stock to Flow
EXCERPT
Over time, my views on those second two questions have become a bit more bullish in favor of Bitcoin, compared to my initial neutral opinion. Bitcoin now has over a decade of existence, and continues to have dominant market share of the cryptocurrency space (about 2/3rds of all cryptocurrency value is Bitcoin). Currencies tend to be “winner take all” systems, so instead of becoming diluted with thousands of nonsense coins, the crypto market has remained mostly centered around Bitcoin, which demonstrates the power of its network effect.
Bitcoin prices could go up by a lot, or they could fall to nothing, and it mostly comes down to how much and how fast Bitcoin or any of these cryptocurrencies can maintain and grow their network effect to be seen as either a permanent store of value or a medium of exchange. As a medium of exchange, they are failing to take off. As a store of value, Bitcoin alone seems to be succeeding. Purely as a store of value, bitcoins have considerable upside. If the Bitcoin network earns even a quarter or half as much market share as gold, the upside per bitcoin is tremendous.
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