Bitcoin Marketcap

$1.21T

Gold Marketcap

$14.22T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$63,796  πŸ“‰

-$825.56

-1.28%


S&P 500

5,090  πŸ“ˆ

+4.51

+0.09%


Gold

$2,338  πŸ“ˆ

+$5.49

+0.24%


Silver

$27.21  πŸ“‰

-$0.23

-0.85%


Euro

$1.0703  πŸ“‰

-$0

-0.25%


Yen

Β₯158.06  πŸ“ˆ

+Β₯2.47

+1.59%


Renminbi (CNY)

Β₯7.2461   

+Β₯0.01

+0.09%


Oil (WTI)

$83.68  πŸ“‰

-$0.11

-0.13%


BITCOIN STATS

Bitcoin Marketcap

$1.21T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$19.04B


Active Addresses

1.02M


Mining Reward Value (24hr)

$58.6M


GBTC Premium

263.07%


MSTR Premium

72.98%


BTC Down From ATH

13.48%


BTC Up From Cycle Low

6.99%


RATES & YIELDS

24hr change

UST 3mo

5.47%  πŸ“ˆ

+0.01

+0.18%


UST 2yr

4.89%  πŸ“ˆ

+0.03

+0.62%


UST 10yr

4.65%  πŸ“ˆ

+0.04

+0.87%


UST 30yr

4.78%  πŸ“ˆ

+0.05

+1.06%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.42%  πŸ“ˆ

+0.01

+0.41%


Real Rate (10yr)

2.23%  πŸ“ˆ

+0.03

+1.36%


RATIOS

24hr change

Gold:BTC (marketcap)

11.79x   

+0.18

+1.53%


M2:BTC (marketcap)

17.30x   

+0.24

+1.42%


BTC:Oil (price)

762.38x   

-9.14

-1.18%


Gold:Oil (price)

27.94x   

+0.10

+0.37%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.40T  πŸ“‰

 

-1.1%


M1 Money Supply

$18.00T  πŸ“ˆ

+$53.40B

+0.30%


M2 Money Supply

$20.84T  πŸ“ˆ

+$57.60B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+121%

+18%

+22%

2 year:

+61%

+24%

+20%

3 year:

+17%

+32%

+22%

4 year:

+720%

+35%

+76%

5 year:

+1,143%

+81%

+73%

6 year:

+599%

+77%

+90%

7 year:

+4,683%

+85%

+113%

8 year:

+13,981%

+86%

+146%

9 year:

+27,521%

+93%

+143%

10 year:

+14,144%

+80%

+172%

11 year:

+45,137%

+59%

+219%

12 year:

+1.3 million%

+41%

+263%

13 year:

+2.0 million%

+51%

+273%

14 year:

+2.1 billion%

+98%

+326%

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%

$63,767

56

1.00%

$60,000

98

1.75%

$50,000

217

3.88%

$40,000

468

8.37%

$30,000

713

12.75%

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

20 Feb 2020 | Marty Bent | Price when published: $9,605 (ROI since: +564%)

The Tortoise and The Hare

Filed under: topic icon macro  medium icon blogs

EXCERPT

Over the course of the last eleven years, the two solutions have been going head to head in the market. The solution put forth by Geithner and crew - who have bequeathed control of the levers to the Fed presidents and Treasury secretaries who have followed - is more of the same; money printing. The accumulation of long-term debt in hopes that we can stoke production today. On the surface, it seems to be working. But can this type of monetary policy persist?

The solution put forth by Satoshi is in direct opposition to the one put forth by the banking elite; a sound digital money that cannot be debased or controlled by a select few. Bitcoin is controlled by everyone and no one at the same time.


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11 Aug 2020
Marty Bent

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