Bitcoin Marketcap
$1.26T
Gold Marketcap
$14.14T
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
$1.26T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$18.84B
Active Addresses
1.02M
Mining Reward Value (24hr)
$61.2M
GBTC Premium
263.07%
MSTR Premium
74.02%
BTC Down From ATH
9.46%
BTC Up From Cycle Low
11.95%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
11.21x
-0.03
-0.31%
M2:BTC (marketcap)
16.47x
-0.05
-0.28%
BTC:Oil (price)
800.95x
-12.07
-1.48%
Gold:Oil (price)
27.91x
-0.52
-1.83%
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:
+142%
+17%
+22%
2 year:
+69%
+22%
+19%
3 year:
+32%
+31%
+22%
4 year:
+787%
+34%
+79%
5 year:
+1,201%
+81%
+73%
6 year:
+638%
+76%
+92%
7 year:
+5,189%
+84%
+112%
8 year:
+14,241%
+87%
+142%
9 year:
+29,870%
+95%
+140%
10 year:
+14,773%
+79%
+171%
11 year:
+47,541%
+59%
+220%
12 year:
+1.3 million%
+40%
+263%
13 year:
+3.2 million%
+52%
+273%
14 year:
+2.2 billion%
+99%
+326%
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%
$66,722
34
0.61%
$60,000
95
1.70%
$50,000
214
3.83%
$40,000
465
8.32%
$30,000
710
12.70%
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
Bitcoin is an Asymmetric Investment
Bitcoin is a gold-like (see "digital gold") monetary asset. Is is a burgeoning asset class, rapidly maturing. With a market capitalization in the low $100B range, it is still very small from a global monetary perspective. As such, the return profile is extremely asymmetric. If you believe there's a non-trivial chance that bitcoin will stick around and fulfill even just some of its potential, the upside is likely hundreds to thousands of percent while the max downside is capped at 100%. This asymmetric profile means single-digit % allocations (or less) could return the entire portfolio in the success case.
Pieces About Bitcoin as an Asymmetric Investment
