Bitcoin Marketcap

$923B

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

$49,292  πŸ“‰

 

-9.38%


S&P 500

4,132  πŸ“‰

-28.04

-0.67%


Gold

$1,785  πŸ“‰

-$2.73

-0.15%


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)

$61.53  πŸ“ˆ

+$0.47

+0.77%


BITCOIN STATS

Bitcoin Marketcap

$923B


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

23.75%


BTC Up From Cycle Low

0.61%


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)

11.78x   

+1.07

+10.04%


M2:BTC (marketcap)

21.04x   

+1.89

+9.86%


BTC:Oil (price)

802.91x   

-85.81

-9.66%


Gold:Oil (price)

29.03x   

-0.24

-0.82%


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%

$49,348

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

11 Apr 2012 | Erik Voorhees | Price when published: $4.88 (ROI since: +1,009,545%)

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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