Bitcoin Marketcap

$831B

Gold Marketcap

$11.36T

BTC Settlement Volume (24hr)

$11.23B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$44,543  πŸ“‰

-$863.67

-1.9%


S&P 500

4,164  πŸ“‰

-12.12

-0.29%


Gold

$1,868  πŸ“ˆ

+$23.70

+1.29%


Silver

$28.22  πŸ“ˆ

+$0.85

+3.11%


Euro

$1.2157  πŸ“ˆ

+$0.00

+0.15%


Yen

Β₯109.23  πŸ“‰

-Β₯0.24

-0.22%


Renminbi (CNY)

Β₯6.4392   

+Β₯0.00

+0.03%


Oil (WTI)

$66.38  πŸ“ˆ

+$1.05

+1.61%


BITCOIN STATS

Bitcoin Marketcap

$831B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

89.10%


BTC Settlement Volume (24hr)

$11.23B


Real Exchange Volume (24hr)

$23.46B


Active Addresses

971,649


Mining Reward Value (24hr)

$40.7M


GBTC Premium

-14.47%


MSTR Premium

-0.60%


BTC Down From ATH

31.12%


BTC Up From Cycle Low

4.61%


RATES & YIELDS

24hr change

UST 3mo

0.01%  πŸ“‰

-0.01

-50%


UST 2yr

0.16%  πŸ“ˆ

+0

0%


UST 10yr

1.66%  πŸ“‰

-0.03

-1.78%


UST 30yr

2.39%  πŸ“‰

-0.01

-0.42%


Fed Funds (EFFR)

0.06%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.51%  πŸ“ˆ

+0

0%


Real Rate (10yr)

-0.85%  πŸ“ˆ

-0.03

-3.66%


RATIOS

24hr change

Gold:BTC (marketcap)

13.64x   

+0.45

+3.42%


M2:BTC (marketcap)

23.94x   

+0.55

+2.34%


BTC:Oil (price)

671.04x   

-24.17

-3.48%


Gold:Oil (price)

28.14x   

-0.08

-0.29%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.83T  πŸ“ˆ

+$37.56B

+0.48%


M1 Money Supply

$18.68T  πŸ“ˆ

+$271B

+1.47%


M2 Money Supply

$19.90T  πŸ“ˆ

+$481B

+2.48%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+357%

+7%

+42%

2 year:

+473%

+46%

+47%

3 year:

+438%

+45%

+53%

4 year:

+2,132%

+49%

+74%

5 year:

+9,879%

+49%

+103%

6 year:

+18,941%

+55%

+96%

7 year:

+9,351%

+45%

+121%

8 year:

+37,750%

+35%

+150%

9 year:

+868,865%

+17%

+220%

10 year:

+742,517%

+24%

+214%

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

73

1.62%

$44,543

98

2.17%

$40,000

101

2.24%

$30,000

136

3.01%

$20,000

153

3.39%

$10,000

458

10.14%

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

22 Apr 2021 | Square Crypto, ARK Invest | Price when published: $52,752 (ROI since: -15.56%)

Bitcoin is Key to an Abundant, Clean Energy Future

Filed under: topic icon fundamentals  medium icon reports

This joint piece from Square Crypto and ARK Invest discusses the stabilizing effects that bitcoin mining can have on an energy grid, and how this incentivizes more rapid deployment of solar energy capacity, and other renewables.

EXCERPT

In this memo, we aim to explain how the Bitcoin network functions as a unique energy buyer that could enable society to deploy substantially more solar and wind generation capacity.

...

We believe there are two large implications if bitcoin mining becomes normalized as an energy buyer of last resort. First, the amount of solar and wind energy on the grid could increase dramatically... The second major potential impact could be a sizable transformation and greening of the bitcoin mining industry.

...

With real-world data, we (ARK Invest) demonstrate that bitcoin mining could encourage investment in solar systems (solar grids + batteries), enabling renewables to generate a higher percentage of grid power with potentially no change in the cost of electricity.


Bitcoin Mining and Solar Energy


Read in Full

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