Bitcoin Marketcap

$1.32T

Gold Marketcap

$13.57T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$69,980  πŸ“‰

 

-1.7%


S&P 500

5,239  πŸ“ˆ

+0

0%


Gold

$2,232  πŸ“ˆ

+$18.60

+0.84%


Silver

$24.98  πŸ“ˆ

+$0.24

+0.96%


Euro

$1.0797  πŸ“‰

-$0

-0.07%


Yen

Β₯151.20  πŸ“‰

-Β₯0.08

-0.06%


Renminbi (CNY)

Β₯7.2201   

-Β₯0.01

-0.11%


Oil (WTI)

$83.12  πŸ“ˆ

+$0.56

+0.68%


BITCOIN STATS

Bitcoin Marketcap

$1.32T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$23.90B


Active Addresses

1.02M


Mining Reward Value (24hr)

$64.4M


GBTC Premium

257.43%


MSTR Premium

104.66%


BTC Down From ATH

5.07%


BTC Up From Cycle Low

15.09%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“‰

-0.01

-0.18%


UST 2yr

4.56%  πŸ“ˆ

+0.02

+0.44%


UST 10yr

4.24%  πŸ“‰

-0.01

-0.24%


UST 30yr

4.40%  πŸ“‰

-0.02

-0.45%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.32%  πŸ“ˆ

+0

0%


Real Rate (10yr)

1.92%  πŸ“‰

-0.01

-0.52%


RATIOS

24hr change

Gold:BTC (marketcap)

10.25x   

+0.26

+2.64%


M2:BTC (marketcap)

15.71x   

+0.28

+1.79%


BTC:Oil (price)

842.11x   

-20.39

-2.36%


Gold:Oil (price)

26.85x   

+0.04

+0.16%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.48T  πŸ“‰

 

-1.1%


M1 Money Supply

$17.94T  πŸ“‰

 

-0.25%


M2 Money Supply

$20.78T  πŸ“ˆ

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+149%

+13%

+28%

2 year:

+49%

+17%

+14%

3 year:

+20%

+31%

+32%

4 year:

+1,045%

+35%

+102%

5 year:

+1,610%

+72%

+85%

6 year:

+922%

+69%

+99%

7 year:

+6,434%

+79%

+122%

8 year:

+16,836%

+82%

+154%

9 year:

+28,597%

+87%

+154%

10 year:

+15,219%

+74%

+177%

11 year:

+71,332%

+41%

+234%

12 year:

+1.4 million%

+33%

+273%

13 year:

+9.0 million%

+56%

+294%

14 year:

+2.3 billion%

+98%

+343%

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

6

0.11%

$69,996

6

0.11%

$60,000

70

1.26%

$50,000

189

3.40%

$40,000

440

7.91%

$30,000

685

12.31%

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

11 Apr 2012 | Erik Voorhees | Price when published: $4.88 (ROI since: +1,433,289%)

Bitcoin - The Libertarian Introduction

Filed under: topic icon macro  medium icon blogs

This is one of the older articles explaining bitcoin, but still very useful, especially to those who are interested about bitcoin from a political perspective.

Topics include:
- What is Bitcoin, and how does it work (very high level overview)
- Why is Bitcoin valuable? (scarcity, seizure resistance, zero counterparty risk)
- Krugman vs the Austrian perspective
- Private money and the concept of "backing"
- How to obtain and store bitcoin (some examples outdated, but concepts still valid)
- Bitcoin vs The State
- Bitcoin and Disruption

EXCERPT

This article is a primer on Bitcoin: an overview of the fascinating new phenomenon from the perspective of a humble libertarian who cares more about the ramifications for human liberty than about the technical protocol and brilliant science underlying the network.

The basics of Bitcoin are all covered here, ranging from a light technical overview to due diligence to monetary economics and theory.


Read in Full

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23 May 2013
Erik Voorhees

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