Bitcoin Marketcap

$926B

Gold Marketcap

$10.85T

BTC Settlement Volume (24hr)

$19.05B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$49,545  πŸ“‰

 

-8.72%


S&P 500

4,132  πŸ“‰

-28.04

-0.67%


Gold

$1,785  πŸ“‰

-$2.96

-0.17%


Silver

$26.10  πŸ“‰

-$0.27

-1.03%


Euro

$1.2058  πŸ“ˆ

+$0.00

+0.26%


Yen

Β₯107.91  πŸ“‰

-Β₯0.12

-0.11%


Renminbi (CNY)

Β₯6.4927   

+Β₯0.00

+0.02%


Oil (WTI)

$61.54  πŸ“ˆ

+$0.44

+0.72%


BITCOIN STATS

Bitcoin Marketcap

$926B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

88.99%


BTC Settlement Volume (24hr)

$19.05B


Real Exchange Volume (24hr)

$19.28B


Active Addresses

1.11M


Mining Reward Value (24hr)

$45.2M


GBTC Premium

-15.88%


MSTR Premium

4.08%


BTC Down From ATH

23.56%


BTC Up From Cycle Low

0.68%


RATES & YIELDS

24hr change

UST 3mo

0.03%  πŸ“ˆ

+0

0%


UST 2yr

0.15%  πŸ“‰

-0.01

-6.25%


UST 10yr

1.58%  πŸ“‰

-0.03

-1.86%


UST 30yr

2.27%  πŸ“‰

-0.02

-0.87%


Fed Funds (EFFR)

0.07%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.33%  πŸ“ˆ

+0

0%


Real Rate (10yr)

-0.75%  πŸ“ˆ

-0.04

-5.63%


RATIOS

24hr change

Gold:BTC (marketcap)

11.72x   

+1.00

+9.36%


M2:BTC (marketcap)

20.99x   

+1.85

+9.64%


BTC:Oil (price)

805.31x   

-83.47

-9.39%


Gold:Oil (price)

29.01x   

-0.28

-0.95%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.82T  πŸ“ˆ

+$101B

+1.31%


M1 Money Supply

$18.41T  πŸ“ˆ

+$292B

+1.61%


M2 Money Supply

$19.41T  πŸ“‰

 

-0.68%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+575%

+3%

+47%

2 year:

+799%

+40%

+41%

3 year:

+431%

+34%

+55%

4 year:

+3,854%

+40%

+74%

5 year:

+10,738%

+44%

+98%

6 year:

+22,035%

+51%

+95%

7 year:

+10,083%

+37%

+121%

8 year:

+35,087%

+23%

+161%

9 year:

+964,175%

+8%

+196%

10 year:

+2,689,179%

+18%

+206%

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

54

1.20%

$49,558

56

1.25%

$40,000

76

1.69%

$30,000

111

2.47%

$20,000

128

2.85%

$10,000

433

9.64%

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 2005 | Nick Szabo | Price when published: (n/a)

Bit gold

Filed under: topic icon history  medium icon blogs

Szabo's "Bit gold" is one of many pre-cursor ideas to Bitcoin. There are some remarkable similarities to Bitcoin (and Szabo is considered a "Satoshi candidate" by many), but the Bit gold idea still did not solve some of the key problems necessary for a decentralized digital money. Specifically, Bit gold makes reference to "proof of work functions", but highlights the problem of controlling the issuance of digital money and its dependence on compute performance. Szabo notes that other digital money proposals, such as Hal Finney's Reusable Proof of Work (RPOW), also suffer from this problem. It is often noted that a key breakthrough in Bitcoin was that it solves the "double spending problem", but solving the initial coin creation and distribution problem was also a critical shortcoming of prior decentralized digital money attempts.

About three years after Szabo published Bit gold, Satoshi Nakamoto published the Bitcoin whitepaper, which brought together various prior ideas, plus some novel game-theoretic approaches, providing the first workable solution to this problem in the context of truly decentralized digital money.

EXCERPT

Precious metals and collectibles have an unforgeable scarcity due to the costliness of their creation. This once provided money the value of which was largely independent of any trusted third party. Precious metals have problems, however. It's too costly to assay metals repeatedly for common transactions. Thus a trusted third party (usually associated with a tax collector who accepted the coins as payment) was invoked to stamp a standard amount of the metal into a coin. Transporting large values of metal can be a rather insecure affair, as the British found when transporting gold across a U-boat infested Atlantic to Canada during World War I to support their gold standard. What's worse, you can't pay online with metal.

Thus, it would be very nice if there were a protocol whereby unforgeably costly bits could be created online with minimal dependence on trusted third parties, and then securely stored, transferred, and assayed with similar minimal trust. Bit gold.


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