Bitcoin Marketcap

$690B

Gold Marketcap

$10.89T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.77%

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KEY MARKETS

24hr change

Bitcoin

$36,549  πŸ“‰

 

-4.64%


S&P 500

4,394  πŸ“ˆ

+54.48

+1.26%


Gold

$1,791  πŸ“‰

-$40.1

-2.19%


Silver

$22.72  πŸ“‰

-$1.05

-4.41%


Euro

$1.1153  πŸ“‰

-$0.01

-1.14%


Yen

Β₯115.42  πŸ“ˆ

+Β₯1.09

+0.96%


Renminbi (CNY)

Β₯6.3681   

+Β₯0.05

+0.74%


Oil (WTI)

$87.13  πŸ“‰

-$0.3

-0.34%


BITCOIN STATS

Bitcoin Marketcap

$690B


BTC Inflation Rate (next 1yr)

1.77%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$6.67B


Active Addresses

1.02M


Mining Reward Value (24hr)

$33.5M


GBTC Premium

-36.05%


MSTR Premium

-19.59%


BTC Down From ATH

46.83%


BTC Up From Cycle Low

10.33%


RATES & YIELDS

24hr change

UST 3mo

0.19%  πŸ“ˆ

+0

0%


UST 2yr

1.02%  πŸ“ˆ

+0.03

+3.03%


UST 10yr

1.78%  πŸ“ˆ

+0.03

+1.71%


UST 30yr

2.12%  πŸ“ˆ

+0.02

+0.95%


Fed Funds (EFFR)

0.08%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.38%  πŸ“‰

-0.03

-1.24%


Real Rate (10yr)

-0.63%  πŸ“‰

+0.03

+-4.55%


RATIOS

24hr change

Gold:BTC (marketcap)

15.76x   

+0.40

+2.63%


M2:BTC (marketcap)

31.31x   

+1.45

+4.86%


BTC:Oil (price)

419.35x   

-18.96

-4.33%


Gold:Oil (price)

20.53x   

-0.41

-1.98%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.87T  πŸ“ˆ

+$111B

+1.27%


M1 Money Supply

$20.55T  πŸ“ˆ

+$208B

+1.02%


M2 Money Supply

$21.64T  πŸ“ˆ

+$201B

+0.94%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+16%

-3%

+16%

2 year:

+291%

+14%

+35%

3 year:

+970%

+38%

+67%

4 year:

+216%

+34%

+54%

5 year:

+3,889%

+51%

+92%

6 year:

+9,589%

+61%

+127%

7 year:

+15,390%

+41%

+118%

8 year:

+4,474%

+43%

+146%

9 year:

+190,102%

+7%

+192%

10 year:

+671,283%

+3%

+235%

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

$40,000

272

5.70%

$36,512

311

6.52%

$30,000

383

8.03%

$20,000

401

8.40%

$10,000

706

14.80%

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

THE BITCOIN LIBRARY

11 Aug 2020 | Marty Bent, Lyn Alden | Price when published: $11,646 (ROI since: +214%)

Tales from the Crypt: Lyn Alden

Filed under: topic icon macro  medium icon podcasts

Lyn provides an overview of the broad macro backdrop as it pertains to currencies, markets, and money, and how bitcoin fits in. She discusses why bitcoin makes sense now, how it's been de-risked as an investment for a variety of reasons, and catalysts for continued bitcoin appreciation in the macro environment we are now in.

Topics include:
- Bitcoin's network effect
- QE, inequality, and the Triffen dilemma
- Reserve currencies
- Inflation
- Why bitcoin makes sense as an investment, and what the future might look like


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