Bitcoin Marketcap

$1.22T

Gold Marketcap

$14.49T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$64,504  📈

+$3,114

+5.07%


S&P 500

5,003  📉

-10.52

-0.21%


Gold

$2,384  📈

+$3.45

+0.14%


Silver

$28.30  📉

-$0.16

-0.55%


Euro

$1.0644  📉

-$0

-0.32%


Yen

¥154.43  📈

+¥0.14

+0.09%


Renminbi (CNY)

¥7.2412   

+¥0.00

+0.03%


Oil (WTI)

$82.57  📈

+$0.44

+0.54%


BITCOIN STATS

Bitcoin Marketcap

$1.22T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$34.59B


Active Addresses

1.02M


Mining Reward Value (24hr)

$59.0M


GBTC Premium

293.41%


MSTR Premium

64.09%


BTC Down From ATH

12.61%


BTC Up From Cycle Low

8.07%


RATES & YIELDS

24hr change

UST 3mo

5.45%  📈

+0

0%


UST 2yr

4.97%  📈

+0.04

+0.81%


UST 10yr

4.67%  📈

+0.04

+0.86%


UST 30yr

4.77%  📈

+0.03

+0.63%


Fed Funds (EFFR)

5.33%  📈

+0

0%


US 10yr Breakeven Inflation

2.40%  📈

+0.01

+0.42%


Real Rate (10yr)

2.28%  📈

+0.08

+3.64%


RATIOS

24hr change

Gold:BTC (marketcap)

11.88x   

-0.58

-4.68%


M2:BTC (marketcap)

17.04x   

-0.85

-4.76%


BTC:Oil (price)

781.05x   

+33.07

+4.42%


Gold:Oil (price)

28.80x   

-0.22

-0.76%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T  📉

 

-1.45%


M1 Money Supply

$17.94T  📉

 

-0.25%


M2 Money Supply

$20.78T  📈

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+127%

+20%

+21%

2 year:

+59%

+25%

+13%

3 year:

+18%

+33%

+20%

4 year:

+830%

+40%

+77%

5 year:

+1,117%

+86%

+72%

6 year:

+635%

+77%

+87%

7 year:

+5,147%

+85%

+111%

8 year:

+14,365%

+92%

+139%

9 year:

+27,577%

+100%

+137%

10 year:

+13,001%

+86%

+167%

11 year:

+48,069%

+68%

+221%

12 year:

+1.3 million%

+46%

+264%

13 year:

+3.8 million%

+59%

+275%

14 year:

+2.2 billion%

+108%

+312%

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%

$64,503

43

0.77%

$60,000

91

1.63%

$50,000

210

3.76%

$40,000

461

8.26%

$30,000

706

12.64%

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

sharpe 5yr

DOUBLING TIME

doubling time

MicroStrategy Announces Purchase of $10mm More in BTC


Michael Saylor   -  3 years ago

 

MicroStrategy CEO Michael Saylor announced the purchase of 314 BTC for $10.0mm this morning for their corporate treasury, bringing the company's total BTC holdings to ~70,784 BTC, worth about $2.3B (Jan 22 2021).


The SEC form 8k for the sale, dated Jan 22 2021, noted that the BTC was purchased at an average price of $31,808 suggesting MicroStrategy saw yesterday's BTC price drop (from ~$35,000 to briefly under $30,000) as an opportunity to add to their position.

story image

tldr

  • MicroStrategy has converted the vast majority of their corporate treasury to bitcoin.
  • Additionally, the company recently issued a debt offering in order to purchase yet more BTC. The offering was over-subscribed.
  • MicroStrategy views holding BTC instead of other liquid instruments in their treasury as a prudent hedge against monetary debasement and inflation.

Submitted by: Thomas McCabe

Are we missing a recent story that makes the case for bitcoin?

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THE INVESTMENT CASE FOR BITCOIN

All you need to read to understand the investment case for bitcoin.

Bitcoin reminds me of gold when I first got into the business in 1976

- Paul Tudor Jones, Hedge Fund Manager

Frankly, if the gold bet works, the bitcoin bet will probably work better

- Stanley Druckenmiller - hedge fund manager

Bitcoin is a technological tour de force

- Bill Gates, Founder - Microsoft

[people] use [bitcoin] more as an alternative to gold. It’s a speculative store of value.

- Jerome Powell, Federal Reserve Chairman

There are 3 eras of currency: commodity based, politically based, and now, math based.

- Chris Dixon - Tech Investor, A16Z

Bitcoin may be the TCP/IP of money.

- Paul Buchheit - Gmail Creator

If they become widely accepted, virtual currencies could have a substitution effect on central bank money.

- European Central Bank - 2012

Bitcoin is Gold 2.0, a huge, huge deal.

- Chamath Palihapitiya - Founder & CEO Social Capital

I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it

- Bill Miller - Former Chainman & CIO, Legg Mason Capital

Bitcoin is money, everything else is credit.

- JP Morgan - 1912

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