Bitcoin Marketcap

$1.85T

Gold Marketcap

$15.95T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$97,934  📈

+$4,334

+4.63%


S&P 500

5,911  📈

+40.46

+0.69%


Gold

$2,623  📈

+$18.84

+0.72%


Silver

$29.52  📈

+$0.69

+2.40%


Euro

$1.0430  📈

+$0.00

+0.35%


Yen

¥156.42  📉

-¥0.29

-0.19%


Renminbi (CNY)

¥7.2964   

-¥0

-0.04%


Oil (WTI)

$69.57  📈

+$0.94

+1.37%


BITCOIN STATS

Bitcoin Marketcap

$1.85T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$44.77B


Active Addresses

1.02M


Mining Reward Value (24hr)

$89.6M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

9.54%


BTC Up From Cycle Low

6.21%


RATES & YIELDS

24hr change

UST 3mo

4.35%  📉

-0.01

-0.23%


UST 2yr

4.35%  📈

+0.10

+2.35%


UST 10yr

4.50%  📈

+0.10

+2.27%


UST 30yr

4.65%  📈

+0.06

+1.31%


Fed Funds (EFFR)

4.33%  📉

-0.25

-5.46%


US 10yr Breakeven Inflation

2.29%  📈

+0

0%


Real Rate (10yr)

2.21%  📈

+0.13

+6.25%


RATIOS

24hr change

Gold:BTC (marketcap)

8.61x   

-0.33

-3.73%


M2:BTC (marketcap)

11.51x   

-0.57

-4.71%


BTC:Oil (price)

1,408x   

+47.98

+3.53%


Gold:Oil (price)

37.71x   

-0.24

-0.64%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$6.89T  📉

 

-0.5%


M1 Money Supply

$18.24T  📈

+$86.00B

+0.47%


M2 Money Supply

$21.31T  📈

+$90.00B

+0.42%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+124%

+28%

+25%

2 year:

+484%

+46%

+55%

3 year:

+97%

+45%

+26%

4 year:

+317%

+40%

+60%

5 year:

+1,249%

+77%

+83%

6 year:

+2,374%

+109%

+149%

7 year:

+586%

+106%

+120%

8 year:

+10,762%

+132%

+161%

9 year:

+21,441%

+144%

+187%

10 year:

+29,727%

+123%

+184%

11 year:

+14,807%

+117%

+223%

12 year:

+732,975%

+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%

$97,933

15

0.26%

$90,000

36

0.62%

$80,000

41

0.70%

$50,000

450

7.72%

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

16 Jun 2019 | Dan Held | Price when published: $8,910 (ROI since: +999%)

Bitcoin's Security is Fine

Filed under: topic icon fundamentals  medium icon blogs

EXCERPT

TL;DR — This article comprehensively addresses concerns around Bitcoin’s security model which is funded by the block subsidy and transaction fees. Key points:

- The larger the Bitcoin network grows, the more secure it becomes.

- Over the long term, an organic security tradeoff will occur between the block subsidy and transaction fees. As network effect becomes larger, demand for block space increases, thus decreasing the need for a block subsidy. We have empirical evidence that this is occurring, and future projections look optimistic.

- Bitcoin’s block space is a scarce and unique commodity. It will continue to accrue demand.

- The bull market of 2017 wasn’t millions of consumers suddenly using blockchains to transfer money around the world and seeking to minimize transaction, exchange, volatility, and coordination fees.

- The price elasticity of a Bitcoin transactor is high. Even in significantly higher fee environments Bitcoin block space demand will grow.


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5 Jan 2019
Dan Held

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