Bitcoin Marketcap

$1.84T

Gold Marketcap

$16.20T

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

$97,328  ๐Ÿ“ˆ

+$4,069

+4.36%


S&P 500

5,911  ๐Ÿ“ˆ

+1.30

+0.02%


Gold

$2,669  ๐Ÿ“ˆ

+$41.24

+1.57%


Silver

$31.23  ๐Ÿ“ˆ

+$0.28

+0.89%


Euro

$1.0537  ๐Ÿ“‰

-$0

-0.3%


Yen

ยฅ154.85  ๐Ÿ“‰

-ยฅ0.87

-0.56%


Renminbi (CNY)

ยฅ7.2403   

-ยฅ0

-0.03%


Oil (WTI)

$69.58  ๐Ÿ“ˆ

+$0.08

+0.12%


BITCOIN STATS

Bitcoin Marketcap

$1.84T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$48.52B


Active Addresses

1.02M


Mining Reward Value (24hr)

$88.6M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

-0.61%


BTC Up From Cycle Low

2.71%


RATES & YIELDS

24hr change

UST 3mo

4.62%  ๐Ÿ“‰

-0.01

-0.22%


UST 2yr

4.29%  ๐Ÿ“‰

-0.02

-0.46%


UST 10yr

4.42%  ๐Ÿ“‰

-0.01

-0.23%


UST 30yr

4.61%  ๐Ÿ“ˆ

+0.01

+0.22%


Fed Funds (EFFR)

4.58%  ๐Ÿ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.35%  ๐Ÿ“ˆ

+0.01

+0.43%


Real Rate (10yr)

2.08%  ๐Ÿ“‰

-0.01

-0.48%


RATIOS

24hr change

Gold:BTC (marketcap)

8.83x   

-0.23

-2.59%


M2:BTC (marketcap)

11.54x   

-0.48

-4.01%


BTC:Oil (price)

1,397x   

+55.54

+4.14%


Gold:Oil (price)

38.36x   

+0.51

+1.35%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$6.97T  ๐Ÿ“‰

 

-1.03%


M1 Money Supply

$18.15T  ๐Ÿ“ˆ

+$33.90B

+0.19%


M2 Money Supply

$21.22T  ๐Ÿ“ˆ

+$46.30B

+0.22%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+160%

+34%

+30%

2 year:

+507%

+53%

+47%

3 year:

+69%

+48%

+26%

4 year:

+428%

+43%

+65%

5 year:

+1,263%

+82%

+89%

6 year:

+2,304%

+118%

+124%

7 year:

+1,096%

+107%

+127%

8 year:

+12,932%

+126%

+167%

9 year:

+29,808%

+149%

+183%

10 year:

+26,023%

+122%

+186%

11 year:

+11,852%

+115%

+228%

12 year:

+782,654%

+54%

+322%

13 year:

+3.9 million%

+58%

+410%

14 year:

+34 million%

+94%

+396%

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

$100,000

0

0

$97,328

0

0

$90,000

6

0.10%

$80,000

11

0.19%

$50,000

420

7.24%

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

20 Feb 2019 | Tuur Demeester, Tamas Blummer, Michiel Lescrauwaet | Price when published: $3,967 (ROI since: +2,354%)

A Primer on Bitcoin Investor Sentiment and Changes in Saving Behavior

Filed under: topic icon investment  medium icon blogs

Topics include:

- A history of bitcoin valuation research
- Measuring changes in saving behavior
- NVT, NVM
- Relative Unrealized P&L
- Realized Capitalization
- Liveliness; HODLer Net Position Change
- HODLer Position Change (โ‰ˆinsider buying/selling)

EXCERPT

In our conversations with institutional investors, we often get asked the question โ€œWhat is your model to value Bitcoin?โ€. Investors want to know what the fundamental drivers are behind BTC price gyrations, and whether at a given time Bitcoin is overvalued, undervalued, or at fair value. The new measures we suggest here are tools to help with that judgement. We build on work that goes back to 2011, and use the Bitcoin blockchain to extract market information not generally available for traditional commodities.


Read in Full

What do you think of this piece?


MORE FROM Tuur Demeester, Tamas Blummer, Michiel Lescrauwaet

icon
8 Nov 2019
Tuur Demeester

icon
18 Apr 2019
Tuur Demeester

icon
15 Nov 2012
Tuur Demeester

MORE FROM INVESTMENT

MORE OLDER CONTENT