Bitcoin Marketcap

$1.22T

Gold Marketcap

$14.27T

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

$64,405  📈

+$513.98

+0.80%


S&P 500

5,086  📈

+49.27

+0.98%


Gold

$2,347  📈

+$21.51

+0.92%


Silver

$27.70  📈

+$0.31

+1.13%


Euro

$1.0744  📈

+$0.00

+0.19%


Yen

¥156.41  📈

+¥0.74

+0.47%


Renminbi (CNY)

¥7.2460   

-¥0

-0.02%


Oil (WTI)

$83.80  📈

+$0.68

+0.82%


BITCOIN STATS

Bitcoin Marketcap

$1.22T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$26.16B


Active Addresses

1.02M


Mining Reward Value (24hr)

$58.9M


GBTC Premium

263.07%


MSTR Premium

65.30%


BTC Down From ATH

12.73%


BTC Up From Cycle Low

7.91%


RATES & YIELDS

24hr change

UST 3mo

5.46%  📈

+0.01

+0.18%


UST 2yr

4.86%  📉

-0.11

-2.21%


UST 10yr

4.61%  📉

-0.01

-0.22%


UST 30yr

4.73%  📈

+0.01

+0.21%


Fed Funds (EFFR)

5.33%  📈

+0

0%


US 10yr Breakeven Inflation

2.42%  📈

+0.01

+0.41%


Real Rate (10yr)

2.20%  📉

-0.01

-0.45%


RATIOS

24hr change

Gold:BTC (marketcap)

11.72x   

+0.01

+0.12%


M2:BTC (marketcap)

17.13x   

-0.1

-0.59%


BTC:Oil (price)

766.08x   

-1.93

-0.25%


Gold:Oil (price)

27.95x   

-0

-0.01%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.40T  📉

 

-1.1%


M1 Money Supply

$18.00T  📈

+$53.40B

+0.30%


M2 Money Supply

$20.84T  📈

+$57.60B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+122%

+18%

+22%

2 year:

+63%

+24%

+20%

3 year:

+18%

+32%

+21%

4 year:

+727%

+35%

+76%

5 year:

+1,149%

+82%

+73%

6 year:

+605%

+78%

+90%

7 year:

+4,721%

+85%

+113%

8 year:

+14,094%

+87%

+146%

9 year:

+27,742%

+94%

+143%

10 year:

+14,264%

+81%

+171%

11 year:

+45,499%

+59%

+219%

12 year:

+1.3 million%

+41%

+263%

13 year:

+2.0 million%

+52%

+273%

14 year:

+2.1 billion%

+99%

+325%

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%

$64,404

49

0.88%

$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

16 Jul 2020 | Lyn Alden | Price when published: $9,165 (ROI since: +603%)

3 Reasons I’m Investing in Bitcoin

Filed under: topic icon investment  medium icon blogs

Topics include:

- Scarcity + Network Effect
- Digital Monetary Commodity
- Gold vs Bitcoin
- Cryptocurrency Security is Tied to Adoption
- Bitcoin Strengthening Market Share and Security
- The Halving Cycle
- Stock-to-Flow Model
- Game Theory
- Bitcoin Priced in Gold
- Volatility Reduction Over Time
- An Ideal Macro Backdrop

EXCERPT

As someone with an engineering and finance blended background, Bitcoin’s design has always interested me from a theoretical point of view, but it wasn’t until this period in early 2020 that I could put enough catalysts together to build a constructive case for its price action in the years ahead. As a new asset class, Bitcoin took time to build a price history and some sense of the cycles it goes through, and plenty of valuable research has been published over the years to synthesize the data.

So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, and remain so today.


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