Bitcoin Marketcap
$1.10T
Gold Marketcap
$15.67T
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
$1.10T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$18.13B
Active Addresses
1.02M
Mining Reward Value (24hr)
$53.2M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
21.23%
BTC Up From Cycle Low
17.56%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
14.25x
+0.02
+0.12%
M2:BTC (marketcap)
19.15x
-0.26
-1.36%
BTC:Oil (price)
830.60x
-23.96
-2.8%
Gold:Oil (price)
36.82x
-0.75
-2%
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:
+118%
+34%
+27%
2 year:
+198%
+54%
+45%
3 year:
+21%
+47%
+30%
4 year:
+428%
+32%
+69%
5 year:
+468%
+71%
+87%
6 year:
+814%
+113%
+93%
7 year:
+1,396%
+97%
+125%
8 year:
+9,470%
+96%
+163%
9 year:
+25,411%
+127%
+187%
10 year:
+14,307%
+112%
+182%
11 year:
+47,089%
+91%
+228%
12 year:
+469,575%
+45%
+286%
13 year:
+1.0 million%
+43%
+376%
14 year:
+95 million%
+102%
+396%
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
$60,000
190
3.31%
$58,149
226
3.94%
$50,000
355
6.19%
$40,000
606
10.57%
$30,000
851
14.84%
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
CIO of Guggenheim - Scott Minerd - Updates Long Term BTC Target to $400k-$600k
Guggenheim Partners ($270B AUM) CIO Scott Minerd updated his potential fundamental valuation target for BTC to "$400,000 to $600,000" yesterday in a CNN interview.
He said:
My view is, we did a lot of fundamental research, and if you consider the supply of bitcoin relative to the supply of gold in the world, and what the total value of gold is, if bitcoin were to go to those kinds of numbers, you’d be talking about $400,000 to $600,000 per bitcoin. Now, I'm not saying we'll ultimately get there, but that's an indication what might be a measure of fair value. That you gives you a lot of room to run.
Mr Minerd went on to strike a more balanced tone, suggesting bitcoin's recent run to just shy of $42,000 could be a speculative bubble which could retrace 50% from those highs. He elaborated:
But then when you consider that over the course of a month, we went from $20,000 to $40,000 on bitcoin, that smacks of short-term speculation. ... So you know bitcoin has had a lot of times where it's had setbacks of 50% form it's highs, I wouldn't be surprised to see that happen again.
However, he ended his comments on bitcoin with a decidedly positive long-term outlook, saying:
But I do want to say one thing, your comment about Elon Musk before we got started, Elon is definitely proven himself to be a visionary, and I think that crypto currency has come into the realm of respectability and will continue to become more and important in the global economy.
tldr