Bitcoin Marketcap

$890B

Gold Marketcap

$10.67T

BTC Settlement Volume (24hr)

$16.43B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$47,319  📉

-$355.81

-0.75%


S&P 500

4,410  📉

-64.6

-1.44%


Gold

$1,754  📈

+$3.40

+0.19%


Silver

$22.40  📉

-$0.49

-2.15%


Euro

$1.1726  📉

-$0

-0.36%


Yen

¥109.93  📈

+¥0.20

+0.19%


Renminbi (CNY)

¥6.4662   

+¥0.01

+0.13%


Oil (WTI)

$71.87  📉

-$0.71

-0.98%


BITCOIN STATS

Bitcoin Marketcap

$890B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.61%


BTC Settlement Volume (24hr)

$16.43B


Real Exchange Volume (24hr)

$4.07B


Active Addresses

1.02M


Mining Reward Value (24hr)

$43.3M


GBTC Premium

-17.49%


MSTR Premium

17.27%


BTC Down From ATH

26.81%


BTC Up From Cycle Low

61.72%


RATES & YIELDS

24hr change

UST 3mo

0.04%  📈

+0

0%


UST 2yr

0.23%  📈

+0.02

+9.52%


UST 10yr

1.34%  📈

+0.03

+2.29%


UST 30yr

1.88%  📈

+0.01

+0.53%


Fed Funds (EFFR)

0.08%  📈

+0

0%


US 10yr Breakeven Inflation

2.35%  📈

+0

0%


Real Rate (10yr)

-1.04%  📉

+0.03

+-2.80%


RATIOS

24hr change

Gold:BTC (marketcap)

11.99x   

+0.12

+1.00%


M2:BTC (marketcap)

23.09x   

+0.19

+0.84%


BTC:Oil (price)

657.98x   

+1.11

+0.17%


Gold:Oil (price)

24.39x   

+0.23

+0.95%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.45T  📈

+$106B

+1.27%


M1 Money Supply

$19.40T  📈

+$134B

+0.69%


M2 Money Supply

$20.53T  📈

+$146B

+0.71%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+330%

-10%

+32%

2 year:

+363%

+17%

+47%

3 year:

+650%

+45%

+52%

4 year:

+1,079%

+34%

+76%

5 year:

+7,679%

+33%

+106%

6 year:

+20,410%

+54%

+125%

7 year:

+11,600%

+44%

+120%

8 year:

+37,449%

+28%

+157%

9 year:

+377,890%

-1%

+202%

10 year:

+803,441%

-3%

+266%

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

76

1.64%

$47,288

106

2.28%

$40,000

152

3.28%

$30,000

257

5.54%

$20,000

275

5.93%

$10,000

580

12.50%

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

17 Sep 2020 | Yassine Elmandjra | Price when published: $10,947 (ROI since: +332%)

Bitcoin As An Investment (Part 2)

Filed under: topic icon investment  medium icon reports

This is the 2nd in a two-part research report from Ark Invest which explores the theoretical underpinnings of bitcoin as a superior monetary technology (part 1), and the size of the investment opportunity it represents (part 2). This installment reviews bitcoin's price history and past performance, and draws on the fundamental properties of bitcoin discussed in part 1 to outline various markets bitcoin is theoretically fit to participate in, and then models bitcoin's potential valuation based on various assumptions about its medium to long-term penetration of those markets.

EXCERPT

In Part 1 of this research, we described how we believe Bitcoin, a novel economic institution, satisfies the four assurances that maximize the probability of a robust and predictable financial system. In Part 2, we explore bitcoin as an emerging asset. While many investors question its merit, in our view bitcoin is the most compelling monetary asset since gold.


Read in Full

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