Bitcoin Marketcap
$319B
Gold Marketcap
$10.67T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.75%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$319B
BTC Inflation Rate (next 1yr)
1.75%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$4.18B
Active Addresses
1.02M
Mining Reward Value (24hr)
$15.4M
GBTC Premium
-50.94%
MSTR Premium
50.28%
BTC Down From ATH
75.46%
BTC Up From Cycle Low
-4.52%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
33.46x
-0.8
-2.33%
M2:BTC (marketcap)
67.13x
-1.66
-2.41%
BTC:Oil (price)
214.38x
+4.68
+2.23%
Gold:Oil (price)
22.31x
-0.03
-0.11%
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:
-70%
-1%
-13%
2 year:
-11%
-2%
+8%
3 year:
+129%
+19%
+27%
4 year:
+315%
+44%
+44%
5 year:
+55%
+37%
+50%
6 year:
+2,115%
+50%
+80%
7 year:
+4,578%
+65%
+89%
8 year:
+4,371%
+46%
+91%
9 year:
+1,511%
+44%
+120%
10 year:
+133,565%
+2%
+180%
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
$19,000
685
13.49%
$18,000
707
13.92%
$17,000
718
14.14%
$16,868
720
14.18%
$16,000
747
14.71%
$15,000
762
15.01%
$10,000
1007
19.83%
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
WHY BITCOIN, WHY NOW?
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
$319B
$16,868
$4.18B
1.75%
10.34%
-70.49%
105.40%
0.47
-2.50
0.44
Gold
$10.67T
$1,755
~$4.54B
1.52%
15.18%
-1.27%
0.20%
0.09
-0.29
0.51
S&P 500
~$33.37T
$3,959
--
--
--
-13.38%
10.85%
0.20
-0.86
0.49
NASDAQ
~$15.38T
$11,067
--
--
--
-29.40%
13.90%
0.26
-1.18
0.54
USTs (TLT)
--
$102.06
--
--
--
-32.62%
-1.94%
0.17
-2.45
-0.35
https://casebitcoin.com
BITCOIN CHARTS & DATA
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
-70%
-1%
-13%
2 year:
-11%
-2%
+8%
3 year:
+129%
+19%
+27%
4 year:
+315%
+44%
+44%
5 year:
+55%
+37%
+50%
6 year:
+2,115%
+50%
+80%
7 year:
+4,578%
+65%
+89%
8 year:
+4,371%
+46%
+91%
9 year:
+1,511%
+44%
+120%
10 year:
+133,565%
+2%
+180%
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.
Bitcoin & Traditional Assets CAGR
BTC vs Traditional Assets CAGR:
Bitcoin
Gold
S&P 500
1 year:
-70%
-1%
-13%
2 year:
-6%
-0.79%
+4%
3 year:
+32%
+6%
+8%
4 year:
+43%
+9%
+10%
5 year:
+9%
+7%
+8%
6 year:
+68%
+7%
+10%
7 year:
+73%
+7%
+10%
8 year:
+61%
+5%
+8%
9 year:
+36%
+4%
+9%
10 year:
+105%
+0.20%
+11%
Data Source: Messari.io, bitcoincharts.com
What is it: This shows bitcoin's Compound Annual Growth Rate (CAGR) vs other assets over various timeframes. For example this is showing that bitcoin has returned 155% on average, every year, for the past 5 years, while gold has returned 7% on average each year over the same period.
Why it matters: As with the historical bitcoin price table, we see bitcoin's extreme outperformance vs other assets here as well. These CAGR numbers solidify bitcoin's status as the best performing financial asset in history.
LEARN ABOUT BITCOIN
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 #6
Bitcoin Can Be Cloned
Critique: Bitcoin is one of many thousands of crypto assets, and anyone can create more whenever they want. Bitcoin therefore is not scarce and can't be valuable.
Rebuttal: Crypto currencies are not scarce, but bitcoins on the bitcoin network are. Anyone can indeed clone the open-source bitcoin codebase at any time, and launch their own coin, but they... more
WHAT MONEY MANAGERS ARE SAYING
“Some of the great investors of our time, Stanley Druckenmiller, Paul Tudor Jones, are gold bulls. Many people, if they're not gold bulls, they at least believe that it's possible inflation comes back with the Fed gunning the money supply here, and with more fiscal stimulus. I think it's reasonable to own gold. With respect to bitcoin...it's been a great month for bitcoin, but it's also been a great year,...” more
“The 50 per cent weight in physical gold bullion in the portfolio will be reduced for the first time in several years by five percentage points with the money invested in Bitcoin. If there is a big drawdown in bitcoin from the current level, after the historic breakout above the $20,000 level, the intention will be to add to this position....” more
BITCOIN LIBRARY
THE INVESTMENT CASE FOR BITCOIN
All you need to read to understand the investment case for bitcoin.
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