Bitcoin Marketcap
$1.33T
Gold Marketcap
$30.53T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$1.33T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$15.42B
Active Addresses
1.02M
Mining Reward Value (24hr)
$64.6M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
44.09%
BTC Up From Cycle Low
17.21%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
22.87x
+0.00
+0.01%
M2:BTC (marketcap)
16.81x
+0.11
+0.66%
BTC:Oil (price)
715.22x
-10.39
-1.43%
Gold:Oil (price)
50.87x
-0.95
-1.83%
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:
-14%
+68%
+21%
2 year:
+0.35%
+132%
+31%
3 year:
+188%
+161%
+74%
4 year:
+76%
+161%
+60%
5 year:
+23%
+191%
+70%
6 year:
+1,233%
+229%
+156%
7 year:
+1,691%
+286%
+139%
8 year:
+774%
+282%
+146%
9 year:
+6,176%
+309%
+184%
10 year:
+16,872%
+297%
+235%
11 year:
+24,555%
+337%
+224%
12 year:
+11,330%
+264%
+265%
13 year:
+149,623%
+214%
+334%
14 year:
+1.3 million%
+203%
+382%
https://casebitcoin.com
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
$80,000
376
5.99%
$70,599
406
6.47%
$70,000
416
6.63%
$60,000
667
10.62%
$50,000
832
13.25%
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
5 May 2020 | | Price when published: $8,952 (ROI since: +689%)
Quantitative Easing, MMT, and Inflation-Deflation, A Primer
Lyn explains broad macro concepts such as QE, MMT, and the inflation/deflation debate, what happened in the 2010s, and looks ahead to the 2020s. She makes the case that the disinflation regime which has dominated the US since 1980 may very well be over, and shifting to a fundamentally inflationary environment. Bitcoin isn't mentioned in this piece, but the dynamics presented here are key to understanding Bitcoin's macro prospects for the next decade.
Topics include:
- Domestic Government Borrowing
- International Government Borrowing
- Quantitative Easing “QE”
- Modern Monetary Theory “MMT”
- The Inflation/Deflation Debate
- Why So Little Inflation In the 2010’s?
- Modeling Inflation in the 2020’s
- A Baseline Debt and Inflation Outlook
- The Years Ahead
EXCERPT
These are trends I’ll be monitoring in the quarters and years ahead. Outside of food, healthcare, and other essentials which have inflationary catalysts at the moment, the trend is likely to be disinflationary for many discretionary goods and services until a large amount of helicopter-like money ends up on Main Street in the form of more checks, negative payroll taxes, considerably extended unemployment benefits, or other stimulus policies. And the probability of those types of policies occurring over the next few years is likely higher than many people think due to how few assets the bottom 50% of the population has and how reliant they are on active income streams.
At that point, the possibility for broadly higher consumer price inflation is on the table and the four-decade period of disinflation from the 1980’s to the 2020’s will have ended.
Read in Full
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