Bitcoin Marketcap
$1.83T
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
$1.83T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$30.88B
Active Addresses
1.02M
Mining Reward Value (24hr)
$88.7M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
10.48%
BTC Up From Cycle Low
5.08%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
8.70x
+0.03
+0.39%
M2:BTC (marketcap)
11.62x
+0.05
+0.47%
BTC:Oil (price)
1,394x
-5.73
-0.41%
Gold:Oil (price)
37.71x
+0
0%
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:
+120%
+28%
+25%
2 year:
+476%
+46%
+55%
3 year:
+91%
+45%
+26%
4 year:
+313%
+40%
+60%
5 year:
+1,235%
+74%
+83%
6 year:
+2,327%
+106%
+145%
7 year:
+577%
+106%
+120%
8 year:
+10,765%
+132%
+161%
9 year:
+22,106%
+144%
+187%
10 year:
+29,935%
+123%
+184%
11 year:
+14,457%
+117%
+223%
12 year:
+722,365%
+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%
$96,929
23
0.39%
$90,000
37
0.63%
$80,000
42
0.72%
$50,000
451
7.73%
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
3 Sep 2020 | | Price when published: $10,766 (ROI since: +801%)
Bitcoin - A Novel Economic Institution (Part 1)
Filed under: 
fundamentals 
reports
This is part 1 of a two part research piece from Ark Invest, a provider of public-market ETFs focusing on disruptive innovation, in collaboration with Coin Metrics, a provider of on-chain crypto-currency data and analytics. This piece explores Bitcoin as an economic institution from a theoretical perspective, and (in part 2) its potential ROI and fair valuation as an investment asset. Part 1 sets the theoretical foundation for assurances that a monetary system should provide, analyzes the short-comings of the existing financial system, and describes the core properties of bitcoin which set it apart as a transformative technology with fundamentally strong assurances not previously seen in monetary economics.
EXCERPT
This paper lays out the case for Bitcoin. In Part 1, we describe how the Information Age gave rise to Bitcoin, a novel economic institution designed to challenge legacy financial systems. We explain how legacy financial institutions, which have evolved through a trust-based model, appear to have fallen short of the four economic assurances necessary for a predictable financial system. We then analyze Bitcoin’s behavior in relation to these four economic assurances and explain why we believe it is designed uniquely to satisfy them.
Read in Full
What do you think of this piece?
