Bitcoin Marketcap

$820B

Gold Marketcap

$11.36T

BTC Settlement Volume (24hr)

$15.15B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$44,013  πŸ“‰

 

-2.36%


S&P 500

4,164  πŸ“‰

-12.12

-0.29%


Gold

$1,868  πŸ“ˆ

+$16.11

+0.87%


Silver

$28.33  πŸ“ˆ

+$0.82

+2.97%


Euro

$1.2222  πŸ“ˆ

+$0.01

+0.65%


Yen

Β₯108.91  πŸ“‰

-Β₯0.25

-0.23%


Renminbi (CNY)

Β₯6.4228   

-Β₯0.02

-0.3%


Oil (WTI)

$66.03  πŸ“ˆ

+$0.45

+0.69%


BITCOIN STATS

Bitcoin Marketcap

$820B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

89.10%


BTC Settlement Volume (24hr)

$15.15B


Real Exchange Volume (24hr)

$14.46B


Active Addresses

962,984


Mining Reward Value (24hr)

$40.3M


GBTC Premium

-14.47%


MSTR Premium

-0.60%


BTC Down From ATH

32.07%


BTC Up From Cycle Low

2.75%


RATES & YIELDS

24hr change

UST 3mo

0.01%  πŸ“‰

-0.01

-50%


UST 2yr

0.16%  πŸ“ˆ

+0

0%


UST 10yr

1.66%  πŸ“‰

-0.03

-1.78%


UST 30yr

2.39%  πŸ“‰

-0.01

-0.42%


Fed Funds (EFFR)

0.06%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.54%  πŸ“ˆ

+0.03

+1.20%


Real Rate (10yr)

-0.85%  πŸ“ˆ

-0.03

-3.66%


RATIOS

24hr change

Gold:BTC (marketcap)

13.84x   

+0.52

+3.90%


M2:BTC (marketcap)

24.23x   

+0.57

+2.42%


BTC:Oil (price)

663.61x   

-25.94

-3.76%


Gold:Oil (price)

28.29x   

+0.06

+0.23%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.83T  πŸ“ˆ

+$37.56B

+0.48%


M1 Money Supply

$18.68T  πŸ“ˆ

+$271B

+1.47%


M2 Money Supply

$19.90T  πŸ“ˆ

+$481B

+2.48%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+354%

+7%

+42%

2 year:

+470%

+46%

+47%

3 year:

+435%

+44%

+53%

4 year:

+2,120%

+49%

+74%

5 year:

+9,824%

+49%

+103%

6 year:

+18,840%

+55%

+96%

7 year:

+9,301%

+44%

+121%

8 year:

+37,551%

+35%

+150%

9 year:

+864,289%

+17%

+220%

10 year:

+738,428%

+24%

+214%

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

$50,000

73

1.62%

$43,837

98

2.17%

$40,000

101

2.24%

$30,000

136

3.01%

$20,000

153

3.39%

$10,000

458

10.14%

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

2 Mar 2018 | Vijay Boyapati | Price when published: $10,969 (ROI since: +301%)

The Bullish Case for Bitcoin

Filed under: topic icon fundamentals  medium icon blogs

Vijay lays out the case for bitcoin from a fundamentals perspective, detailing bitcoin's core properties, monetary history, the involvement of nation states, and a comprehensive discussion of the best cases *against* his arguments. A must read.

EXCERPT

Bitcoin is an incipient money that is transitioning from the collectible stage of monetization to becoming a store of value. As a non-sovereign monetary good, it is possible that at some stage in the future Bitcoin will become a global money much like gold during the classical gold standard of the 19th century.


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