Bitcoin Marketcap

$1.21T

Gold Marketcap

$14.54T

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

$63,763  📉

 

-1.9%


S&P 500

4,957  📉

-45.87

-0.92%


Gold

$2,392  📈

+$13.00

+0.55%


Silver

$28.69  📈

+$0.43

+1.54%


Euro

$1.0667  📈

+$0.00

+0.16%


Yen

¥154.63  📈

+¥0.06

+0.04%


Renminbi (CNY)

¥7.2398   

-¥0

-0.02%


Oil (WTI)

$82.84  📈

+$0.86

+1.05%


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)

$21.13B


Active Addresses

1.02M


Mining Reward Value (24hr)

$58.3M


GBTC Premium

293.41%


MSTR Premium

57.39%


BTC Down From ATH

13.83%


BTC Up From Cycle Low

6.57%


RATES & YIELDS

24hr change

UST 3mo

5.46%  📈

+0.01

+0.18%


UST 2yr

4.93%  📉

-0.04

-0.8%


UST 10yr

4.59%  📉

-0.08

-1.71%


UST 30yr

4.71%  📉

-0.06

-1.26%


Fed Funds (EFFR)

5.33%  📈

+0

0%


US 10yr Breakeven Inflation

2.41%  📈

+0.01

+0.42%


Real Rate (10yr)

2.19%  📉

-0.09

-3.95%


RATIOS

24hr change

Gold:BTC (marketcap)

12.06x   

+0.29

+2.50%


M2:BTC (marketcap)

17.24x   

+0.30

+1.80%


BTC:Oil (price)

769.58x   

-22.2

-2.8%


Gold:Oil (price)

28.87x   

-0.14

-0.48%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T  📉

 

-1.45%


M1 Money Supply

$17.94T  📉

 

-0.25%


M2 Money Supply

$20.78T  📈

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+129%

+20%

+20%

2 year:

+59%

+26%

+12%

3 year:

+20%

+34%

+19%

4 year:

+829%

+39%

+77%

5 year:

+1,088%

+88%

+71%

6 year:

+618%

+80%

+85%

7 year:

+5,043%

+86%

+109%

8 year:

+14,046%

+93%

+137%

9 year:

+27,006%

+102%

+135%

10 year:

+12,695%

+86%

+164%

11 year:

+42,696%

+69%

+214%

12 year:

+1.3 million%

+46%

+261%

13 year:

+3.9 million%

+59%

+271%

14 year:

+2.1 billion%

+108%

+308%

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%

$63,763

50

0.90%

$60,000

92

1.65%

$50,000

211

3.78%

$40,000

462

8.27%

$30,000

707

12.66%

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

25 Apr 2020 | Preston Pysh, Stig Brodersen, Jeff Booth | Price when published: $7,527 (ROI since: +747%)

TIP294: Inflation - Deflation - Which One is it? with Jeff Booth

Filed under: topic icon macro  medium icon podcasts

Jeff makes the strong case that technological deflation is the dominant force that will ultimately win out, but that the global monetary system is fundamentally not built for deflation. He argues that debt levels have reached the point where central banks must continue to print at faster rates, or let the system collapse.

Jeff notes that bitcoin sits in direct contrast to this, and even a small probability of bitcoin being part of the system that's born from an inevitable rethink of our global monetary system suggests its considerably undervalued today.

EXCERPT

- Why we have too much debt and not enough growth in the world
- Why we need monetary policies deflation on a global scale
- Why we won’t have a new Bretton Woods
- Why technology is massive deflationary
- Why and how to invest in businesses that have the best networking effect
- Ask The Investors: What does the low-interest rate mean to us as consumers?


Listen Now

What do you think of this piece?


MORE FROM Preston Pysh, Stig Brodersen, Jeff Booth