Bitcoin Marketcap
$1.21T
Gold Marketcap
$14.09T
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
$1.21T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$25.82B
Active Addresses
1.02M
Mining Reward Value (24hr)
$58.9M
GBTC Premium
263.07%
MSTR Premium
70.25%
BTC Down From ATH
13.00%
BTC Up From Cycle Low
7.57%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
11.61x
+0.44
+3.93%
M2:BTC (marketcap)
17.18x
+0.78
+4.78%
BTC:Oil (price)
773.81x
-28.72
-3.58%
Gold:Oil (price)
27.92x
+0.04
+0.16%
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:
+126%
+16%
+24%
2 year:
+66%
+22%
+20%
3 year:
+24%
+30%
+21%
4 year:
+726%
+33%
+78%
5 year:
+1,141%
+80%
+71%
6 year:
+605%
+75%
+88%
7 year:
+4,719%
+83%
+111%
8 year:
+13,989%
+85%
+141%
9 year:
+28,363%
+91%
+139%
10 year:
+14,621%
+78%
+169%
11 year:
+45,946%
+59%
+218%
12 year:
+1.3 million%
+39%
+260%
13 year:
+2.0 million%
+50%
+269%
14 year:
+2.1 billion%
+98%
+321%
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
10
0.18%
$64,172
51
0.91%
$60,000
97
1.74%
$50,000
216
3.86%
$40,000
467
8.35%
$30,000
712
12.74%
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
Howard Marks Warms (Somewhat) to Bitcoin
Well known investor Howard Marks' latest investor letter indicates that he is at least somewhat warming up to bitcoin as a viable investment. In the past (2017, with BTC ~$2500), he has dismissed bitcoin as "not real", but his position now seems firmly neutral:
Thus, I've concluded (with Andrew's help) that I'm not yet informed enough to form a firm view on cryptocurrencies. In the spirit of open-mindedness, I'm striving to learn. Until I do, I'll be referring all requests for comments on the subject to Andrew (although I'm sure he'll decline).
The "Andrew" Howard refers to is his son, who is apparently much more on board with Bitcoin as a viable investment. Howard noted:
Back in 2017, my memo There They Go Again...Again included a section on cryptocurrencies in which I expressed a high level of skepticism. This view has been a source of much discussion for me and Andrew, who is quite positive on Bitcoin and several others and thankfully owns a meaningful amount for our family.
tldr