Bitcoin Marketcap
$1.19T
Gold Marketcap
$14.45T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$1.19T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$19.64B
Active Addresses
1.02M
Mining Reward Value (24hr)
$57.7M
GBTC Premium
223.09%
MSTR Premium
74.87%
BTC Down From ATH
14.61%
BTC Up From Cycle Low
11.39%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
12.13x
-0.02
-0.16%
M2:BTC (marketcap)
17.50x
-0.55
-3.05%
BTC:Oil (price)
789.55x
+22.67
+2.96%
Gold:Oil (price)
29.79x
+0.76
+2.60%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
+134%
+17%
+27%
2 year:
+111%
+29%
+31%
3 year:
+12%
+30%
+26%
4 year:
+625%
+40%
+79%
5 year:
+754%
+85%
+82%
6 year:
+634%
+80%
+91%
7 year:
+3,538%
+94%
+118%
8 year:
+13,790%
+87%
+152%
9 year:
+26,333%
+95%
+148%
10 year:
+14,222%
+83%
+175%
11 year:
+56,517%
+67%
+219%
12 year:
+1.3 million%
+51%
+285%
13 year:
+836,477%
+58%
+288%
14 year:
+1.4 billion%
+94%
+355%
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%
$63,037
75
1.34%
$60,000
110
1.96%
$50,000
231
4.12%
$40,000
482
8.60%
$30,000
727
12.97%
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
Critique #3: Bitcoin is Too Volatile
critique: Bitcoin is too volatile to be a useful currency or store-of-value.
rebuttal: It's true that bitcoin historically has very high trading volatility. This is not a surprise for an asset whose market cap has grown to hundreds of billions of dollars, from 0 a decade ago. Furthermore, bitcoin's volatility *is* decreasing as it matures.
At this intermediate stage, where bitcoin's market cap is significant but still one or more orders of magnitude below where one might expect a mature global store of value to be, thinking of bitcoin as an emerging store of value is helpful. Ultimately, it's possible that once bitcoin achieves more maturity and a higher market cap, it can become a directly useful unit of account and medium of exchange as well.