Bitcoin Marketcap
$1.14T
Gold Marketcap
$15.96T
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
$1.14T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$17.24B
Active Addresses
1.02M
Mining Reward Value (24hr)
$55.4M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
17.97%
BTC Up From Cycle Low
22.43%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
13.97x
+0.39
+2.90%
M2:BTC (marketcap)
18.53x
+0.39
+2.17%
BTC:Oil (price)
800.08x
-47.16
-5.57%
Gold:Oil (price)
34.81x
-0.8
-2.24%
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:
+123%
+40%
+32%
2 year:
+216%
+57%
+61%
3 year:
+7%
+50%
+32%
4 year:
+433%
+36%
+66%
5 year:
+631%
+76%
+95%
6 year:
+881%
+116%
+108%
7 year:
+991%
+102%
+126%
8 year:
+9,431%
+109%
+171%
9 year:
+23,970%
+126%
+189%
10 year:
+15,158%
+114%
+208%
11 year:
+44,973%
+107%
+238%
12 year:
+515,830%
+49%
+303%
13 year:
+1.5 million%
+56%
+376%
14 year:
+59 million%
+91%
+390%
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
$70,000
15
0.26%
$60,454
203
3.53%
$60,000
213
3.70%
$50,000
378
6.56%
$40,000
629
10.92%
$30,000
874
15.18%
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
Bitcoin is Now Legal Tender in El Salvador
El Salvador President, Nayib Bukele joined Nic Carter, Balaji Srinivasan, Caitlin Long, and others, for an impromptu discussion about El Salvador's bitcoin bill last night, while the bill was being voted on and ultimately passed.
The discussion is notable for many reasons, but gives a good overview of both the rationale, and various implementation details.
Specifically, the motivation includes:
- A sense of futurism: bringing new tech and approaches to El Salvador
- Remittances: cutting out middlemen (which can take up to 30%) for El Salvador's significant remittance flows
- Attracting entrepreneurs, investment, and other tech talent to the country
Implementation:
- The government will run a $150mm (initially) "trust-fund" to facilitate exchange between BTC and USD if a merchant doesn't want to take any BTC price risk
- The state will provide training and (optional) wallet software to the populace
- El Salvador will grant immediate residency to anyone who invests 3 BTC (specifically BTC-denominated) into the country
Stephan Livera summarized the conversation on twitter earlier today:
tldr