Bitcoin Marketcap
$386B
Gold Marketcap
$10.60T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.76%
CASEBITCOIN
making the case for bitcoin every day
Bitcoin Marketcap
$386B
Gold Marketcap
$10.60T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.76%
CASEBITCOIN
making the case for bitcoin every day
Bitcoin is a scarce digital asset with an unchangeable monetary policy. Its rate of inflation is currently under 2% and decreasing, ultimately to zero. Only 21million BTC will ever exist, with ~18.6million in existence today. It is fundamentally independent of the fiat money system, yet is a liquid, globally tradeable asset. BTC is convertible to over 150 national currencies 24/7, and can be self-stored or custodied with 3rd parties, including with qualified custodians. Bitcoin can be traded on venues ranging from peer-to-peer services, to large regulated US institutional brokerages and exchanges.
Bitcoin vs Select Indexes & Assets
Marketcap
Price
Volume
24hr
Inflation
Next 1yr
Inflation
Next 10yrs
ROI
1yr
CAGR
10yr
Volatility
1yr
Sharpe
1yr
Sharpe
5yr
Bitcoin
$386B
$20,426
$2.95B
1.76%
10.34%
-40.29%
121.54%
0.49
-0.82
1.00
Gold
$10.60T
$1,743
~$4.54B
1.52%
15.18%
-3.33%
0.97%
0.08
-0.21
0.62
S&P 500
~$32.39T
$3,843
--
--
--
-11.50%
11.00%
0.17
-0.74
0.55
NASDAQ
~$15.89T
$11,438
--
--
--
-21.16%
14.61%
0.23
-1.08
0.62
USTs (TLT)
--
$114.77
--
--
--
-22.90%
-1.10%
0.14
-1.62
-0.22
https://casebitcoin.com
In a blog post on bitcoin and the crypto-economy overall today, Mass Mutual's Chief Investment Officer Tim Corbett explained the 170 year old firm's approach to Bitcoin and digital assets, which can be summed up as "taking the long view".
Mr Corbett explained:
Bitcoin’s unique characteristics—including digital scarcity, known supply growth, transfer characteristics, and hard cap on the total number of tokens—open the possibility that it may serve as a kind of “digital gold,” with the potential for significant price appreciation.
He also pointed out bitcoin's volatility and risk profile, but noted: "In our position as a leading mutual life insurance company, we have the ability to take that long view."
Additionally, Mr Corbett announced that Mass Mutual is launching Flourish Crypto, which he described as "a cryptocurrency investing solution built for Registered Investment Advisors (RIAs) and their clients", significantly raising the profile of bitcoin as an investment asset to the key group of investment advisors.
Recent Headlines
Bitcoin reminds me of gold when I first got into the business in 1976
Frankly, if the gold bet works, the bitcoin bet will probably work better
Bitcoin is a technological tour de force
[people] use [bitcoin] more as an alternative to gold. It’s a speculative store of value.
There are 3 eras of currency: commodity based, politically based, and now, math based.
Bitcoin may be the TCP/IP of money.
If they become widely accepted, virtual currencies could have a substitution effect on central bank money.
Bitcoin is Gold 2.0, a huge, huge deal.
I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it
Bitcoin is money, everything else is credit.
Common Critique #1
Bitcoin Has No Intrinsic Value
Critique: Bitcoin is purely digital & backed by nothing, and therefore has no intrinsic value.
Rebuttal: "Intrinsic" value is a faulty concept. It's always the case that humans value something based on its usefulness for a specific purpose. The value is not an inherent property of... more
“At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market. If I am forced to forecast, my bet is it will be Bitcoin. Bitcoin reminds me of gold when I first got in...” more
“...post-pandemic changes to the policy environment, debt levels and diversification options for investors mean the asset manger now has 'to admit [bitcoin] does' have a role in asset allocation, at least over the long term....” more
All you need to read to understand the investment case for bitcoin.
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