Bitcoin Marketcap

$784B

Gold Marketcap

$11.02T

BTC Settlement Volume (24hr)

$4.39B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$41,785  📈

+$134.80

+0.32%


S&P 500

4,396  📉

-2.8

-0.06%


Gold

$1,813  📉

-$0.62

-0.03%


Silver

$25.47  📈

+$0.00

+0.01%


Euro

$1.1867  📈

+$0.00

0.00%


Yen

¥109.69  📈

+¥0

0%


Renminbi (CNY)

¥6.4615   

+¥0

0%


Oil (WTI)

$73.81  📈

+$0.35

+0.48%


BITCOIN STATS

Bitcoin Marketcap

$784B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.39%


BTC Settlement Volume (24hr)

$4.39B


Real Exchange Volume (24hr)

$4.14B


Active Addresses

720,022


Mining Reward Value (24hr)

$38.3M


GBTC Premium

-6.72%


MSTR Premium

39.08%


BTC Down From ATH

35.38%


BTC Up From Cycle Low

42.86%


RATES & YIELDS

24hr change

UST 3mo

0.06%  📈

+0.01

+20.00%


UST 2yr

0.20%  📈

+0

0%


UST 10yr

1.26%  📈

+0.01

+0.80%


UST 30yr

1.90%  📈

+0.01

+0.53%


Fed Funds (EFFR)

0.10%  📈

+0

0%


US 10yr Breakeven Inflation

2.40%  📉

-0.03

-1.23%


Real Rate (10yr)

-1.14%  📉

+0.03

+-2.56%


RATIOS

24hr change

Gold:BTC (marketcap)

14.05x   

-0.06

-0.42%


M2:BTC (marketcap)

25.99x   

-0.12

-0.47%


BTC:Oil (price)

566.12x   

-0.28

-0.05%


Gold:Oil (price)

24.57x   

-0.13

-0.51%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.22T  📈

+$143B

+1.77%


M1 Money Supply

$19.27T  📈

+$46.40B

+0.24%


M2 Money Supply

$20.39T  📈

+$18.80B

+0.09%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+260%

-9%

+34%

2 year:

+292%

+25%

+53%

3 year:

+452%

+49%

+55%

4 year:

+1,421%

+42%

+77%

5 year:

+7,467%

+33%

+104%

6 year:

+14,760%

+67%

+109%

7 year:

+7,012%

+40%

+127%

8 year:

+43,550%

+38%

+157%

9 year:

+386,606%

+13%

+219%

10 year:

+416,672%

+10%

+266%

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

$50,000

73

1.59%

$41,785

101

2.20%

$40,000

109

2.37%

$30,000

210

4.57%

$20,000

228

4.97%

$10,000

533

11.61%

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

29 Dec 2017 | John Pfeffer | Price when published: $14,476 (ROI since: +189%)

An (Institutional) Investor’s Take on Cryptoassets

Filed under: topic icon investment  medium icon reports

This piece explores bitcoin's fundamentals from first principles, and builds the case for an institutional investor to get comfortable with a long-term position.

EXCERPT

I write not from the perspective of a trader, but from that of an investor who believes the long term is easier to predict than the short term. The paper thus focuses entirely on long-term equilibrium outcomes and investment strategy rather than short-term price movements. It also assumes the reader has some familiarity with the topic.


Read in Full

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