Bitcoin Marketcap
$1.86T
Gold Marketcap
$15.95T
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
$1.86T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$48.93B
Active Addresses
1.02M
Mining Reward Value (24hr)
$90.0M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
9.23%
BTC Up From Cycle Low
6.58%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
8.59x
-0.42
-4.63%
M2:BTC (marketcap)
11.48x
-0.62
-5.15%
BTC:Oil (price)
1,411x
+55.77
+4.12%
Gold:Oil (price)
37.71x
-0.26
-0.69%
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:
+123%
+28%
+25%
2 year:
+484%
+46%
+55%
3 year:
+97%
+45%
+26%
4 year:
+317%
+40%
+60%
5 year:
+1,247%
+77%
+83%
6 year:
+2,374%
+109%
+149%
7 year:
+586%
+106%
+120%
8 year:
+10,762%
+132%
+161%
9 year:
+21,441%
+144%
+187%
10 year:
+29,681%
+123%
+184%
11 year:
+14,807%
+117%
+223%
12 year:
+732,975%
+58%
+315%
13 year:
+2.4 million%
+63%
+367%
14 year:
+38 million%
+90%
+371%
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
9
0.15%
$98,175
14
0.24%
$90,000
36
0.62%
$80,000
41
0.70%
$50,000
450
7.72%
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 May 2020 | | Price when published: $9,647 (ROI since: +918%)
A Thesis for Institutional Investment
Filed under: 
fundamentals 
reports
Messari takes a macro-oriented and data-driven approach to making a very strong investment case for Bitcoin, culminating in a comparison to gold which suggests a 6300% upside potential:
The core thesis is build around the observations that:
EXCERPT
Finally there’s just simply more upside in Bitcoin than more established store of
value assets like gold. There are many people, usually unacquainted with Bitcoin,
who suggest that Bitcoin is overvalued based on its $170 billion market
capitalization. This usually stems from misguided comparisons to company
valuations or criticisms of Bitcoin’s lack of intrinsic value. It’s important to
understand Bitcoin is not a company. It is a money. Not only are monies valued in
the trillions of dollars, but they also have very little if any intrinsic value. The total
value of above-ground gold, which has limited industrial use, is more than $10
trillion. The total value of all the base fiat money in the world, which only has value
because governments say they do, is worth nearly $20 trillion dollars.
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