Bitcoin Marketcap
$1.20T
Gold Marketcap
$14.41T
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
$1.20T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$29.14B
Active Addresses
1.02M
Mining Reward Value (24hr)
$57.9M
GBTC Premium
293.41%
MSTR Premium
81.51%
BTC Down From ATH
14.20%
BTC Up From Cycle Low
4.02%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
12.04x
+0.70
+6.14%
M2:BTC (marketcap)
17.38x
+0.89
+5.39%
BTC:Oil (price)
743.52x
-42.52
-5.41%
Gold:Oil (price)
27.85x
+0.13
+0.47%
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:
+115%
+19%
+22%
2 year:
+57%
+21%
+15%
3 year:
+4%
+33%
+21%
4 year:
+786%
+40%
+78%
5 year:
+1,098%
+86%
+74%
6 year:
+670%
+75%
+87%
7 year:
+5,161%
+84%
+116%
8 year:
+14,711%
+90%
+142%
9 year:
+28,280%
+97%
+141%
10 year:
+12,778%
+83%
+171%
11 year:
+51,378%
+70%
+224%
12 year:
+1.2 million%
+44%
+266%
13 year:
+5.4 million%
+58%
+278%
14 year:
+2.1 billion%
+108%
+319%
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%
$63,304
54
0.97%
$60,000
88
1.58%
$50,000
207
3.71%
$40,000
458
8.21%
$30,000
703
12.60%
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
Why We’re Holding Bitcoin as a Reserve Asset
Last week we covered public-traded company MicroStrategy's decision to put $250mm of their corporate treasury into Bitcoin as a prudent move to hedge inflation. Today, we see another annoucement to this effect by online graphics company Snappa. CEO Christopher Gimmer explains the reasoning behind the move:
After pouring over the research myself, I believe that massive amounts of quantitative easing combined with fiscal stimulus will continue to result in currency debasement. In addition, I expect governments to keep doing more of the same in attempts to fight the natural deflationary pressures of technology. In order to hedge this risk, we’ve chosen to adopt Bitcoin as a primary reserve asset on our balance sheet.
tldr
More companies are viewing BTC as a prudent diversification strategy for treasury holdings as macro-concerns regarding fiat sustainability intensify. This trend can be thought of as analogous to companies that operate internationally hedging currency risk by holding various other currencies. More companies are simply realizing they are exposed to *fiat* risk no matter where they operate, and are starting to see BTC as an appropriate hedge.
Additionally, Mr. Gimmer referenced a number of key pieces we catelog in the CaseBitcoin Library: