Bitcoin Marketcap

$890B

Gold Marketcap

$10.84T

BTC Settlement Volume (24hr)

$25.82B

BTC Inflation Rate (next 1yr)

1.78%

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KEY MARKETS

24hr change

Bitcoin

$47,130  📉

 

-16.96%


S&P 500

4,538  📉

-32.65

-0.71%


Gold

$1,782  📈

+$9.67

+0.55%


Silver

$22.53  📈

+$0.18

+0.80%


Euro

$1.1313  📈

+$0.00

+0.17%


Yen

¥112.82  📉

-¥0.53

-0.47%


Renminbi (CNY)

¥6.3764   

+¥0.01

+0.08%


Oil (WTI)

$66.18  📉

-$1.84

-2.71%


BITCOIN STATS

Bitcoin Marketcap

$890B


BTC Inflation Rate (next 1yr)

1.78%


% Supply Issued

89.95%


BTC Settlement Volume (24hr)

$25.82B


Real Exchange Volume (24hr)

$15.65B


Active Addresses

1.01M


Mining Reward Value (24hr)

$43.5M


GBTC Premium

-18.50%


MSTR Premium

8.99%


BTC Down From ATH

31.03%


BTC Up From Cycle Low

62.02%


RATES & YIELDS

24hr change

UST 3mo

0.05%  📉

-0.01

-16.67%


UST 2yr

0.56%  📈

+0.04

+7.69%


UST 10yr

1.43%  📈

+0

0%


UST 30yr

1.77%  📉

-0.01

-0.56%


Fed Funds (EFFR)

0.08%  📈

+0

0%


US 10yr Breakeven Inflation

2.43%  📉

-0.04

-1.62%


Real Rate (10yr)

-1.04%  📈

-0.03

-2.97%


RATIOS

24hr change

Gold:BTC (marketcap)

12.18x   

+2.16

+21.56%


M2:BTC (marketcap)

23.80x   

+4.05

+20.53%


BTC:Oil (price)

712.20x   

-123.64

-14.79%


Gold:Oil (price)

26.93x   

+0.91

+3.50%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.65T  📈

+$94.22B

+1.10%


M1 Money Supply

$20.08T  📈

+$221B

+1.11%


M2 Money Supply

$21.19T  📈

+$204B

+0.97%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+151%

-3%

+23%

2 year:

+551%

+21%

+46%

3 year:

+1,226%

+44%

+69%

4 year:

+275%

+41%

+73%

5 year:

+6,173%

+52%

+105%

6 year:

+12,154%

+64%

+119%

7 year:

+12,518%

+50%

+120%

8 year:

+5,059%

+45%

+151%

9 year:

+355,766%

+5%

+221%

10 year:

+1,587,845%

+2%

+260%

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

136

2.88%

$47,130

175

3.71%

$40,000

230

4.88%

$30,000

335

7.10%

$20,000

353

7.48%

$10,000

658

13.95%

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

12 Feb 2020 | Phil Bonello | Price when published: $10,293 (ROI since: +358%)

The Many Angles of Bitcoin Adoption

Filed under: topic icon fundamentals  medium icon blogs

EXCERPT

Bitcoin is:
- A prisoner’s dilemma for nation states
- Digital gold - a money outside the reach of central banking
- An uncorrelated alternative investment with asymmetric upside
- A generational movement
- A tool for survival, social good, and dissidence, especially in autocratic regimes and hyper-inflationary economies
- A network that is driving the profitability of renewable energy initiatives
- The best performing asset of the decade


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20 Aug 2020
Phil Bonello

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