Bitcoin Marketcap

$1.07T

Gold Marketcap

$10.78T

BTC Settlement Volume (24hr)

$30.61B

BTC Inflation Rate (next 1yr)

1.78%

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KEY MARKETS

24hr change

Bitcoin

$56,556  πŸ“‰

-$20.93

-0.04%


S&P 500

4,571  πŸ“ˆ

+45.97

+1.02%


Gold

$1,772  πŸ“‰

-$3.49

-0.2%


Silver

$22.41  πŸ“ˆ

+$0.03

+0.13%


Euro

$1.1296  πŸ“‰

-$0

-0.33%


Yen

Β₯113.17  πŸ“ˆ

+Β₯0.11

+0.10%


Renminbi (CNY)

Β₯6.3718   

+Β₯0.00

+0.03%


Oil (WTI)

$67.63  πŸ“ˆ

+$1.28

+1.93%


BITCOIN STATS

Bitcoin Marketcap

$1.07T


BTC Inflation Rate (next 1yr)

1.78%


% Supply Issued

89.94%


BTC Settlement Volume (24hr)

$30.61B


Real Exchange Volume (24hr)

$5.01B


Active Addresses

1.18M


Mining Reward Value (24hr)

$51.8M


GBTC Premium

-18.50%


MSTR Premium

11.41%


BTC Down From ATH

17.64%


BTC Up From Cycle Low

93.47%


RATES & YIELDS

24hr change

UST 3mo

0.06%  πŸ“ˆ

+0.01

+20.00%


UST 2yr

0.52%  πŸ“ˆ

+0.01

+1.96%


UST 10yr

1.43%  πŸ“‰

-0.09

-5.92%


UST 30yr

1.78%  πŸ“‰

-0.09

-4.81%


Fed Funds (EFFR)

0.08%  πŸ“ˆ

+0.01

+14.29%


US 10yr Breakeven Inflation

2.47%  πŸ“ˆ

+0.03

+1.23%


Real Rate (10yr)

-1.01%  πŸ“ˆ

-0.03

-3.06%


RATIOS

24hr change

Gold:BTC (marketcap)

10.08x   

-0.02

-0.23%


M2:BTC (marketcap)

19.82x   

-0.02

-0.1%


BTC:Oil (price)

836.67x   

-15.41

-1.81%


Gold:Oil (price)

26.20x   

-0.57

-2.13%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.65T  πŸ“ˆ

+$94.22B

+1.10%


M1 Money Supply

$20.08T  πŸ“ˆ

+$221B

+1.11%


M2 Money Supply

$21.19T  πŸ“ˆ

+$204B

+0.97%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+197%

-4%

+24%

2 year:

+677%

+20%

+47%

3 year:

+1,384%

+43%

+71%

4 year:

+383%

+39%

+73%

5 year:

+7,324%

+50%

+108%

6 year:

+14,916%

+65%

+121%

7 year:

+14,907%

+48%

+121%

8 year:

+5,094%

+44%

+156%

9 year:

+421,881%

+4%

+225%

10 year:

+1,911,962%

+2%

+263%

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

$60,000

40

0.85%

$56,555

87

1.84%

$50,000

135

2.86%

$40,000

229

4.86%

$30,000

334

7.08%

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

BITCOIN CHARTS & DATA



Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+197%

-4%

+24%

2 year:

+677%

+20%

+47%

3 year:

+1,384%

+43%

+71%

4 year:

+383%

+39%

+73%

5 year:

+7,324%

+50%

+108%

6 year:

+14,916%

+65%

+121%

7 year:

+14,907%

+48%

+121%

8 year:

+5,094%

+44%

+156%

9 year:

+421,881%

+4%

+225%

10 year:

+1,911,962%

+2%

+263%

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.

Bitcoin & Traditional Assets CAGR

BTC vs Traditional Assets CAGR:

 

Bitcoin

Gold

S&P 500

1 year:

+197%

-4%

+24%

2 year:

+179%

+9%

+21%

3 year:

+146%

+13%

+19%

4 year:

+48%

+9%

+15%

5 year:

+137%

+8%

+16%

6 year:

+131%

+9%

+14%

7 year:

+105%

+6%

+12%

8 year:

+64%

+5%

+12%

9 year:

+153%

+0.47%

+14%

10 year:

+168%

+0.25%

+14%

Data Source: Messari.io, bitcoincharts.com

What is it: This shows bitcoin's Compound Annual Growth Rate (CAGR) vs other assets over various timeframes. For example this is showing that bitcoin has returned 155% on average, every year, for the past 5 years, while gold has returned 7% on average each year over the same period.

Why it matters: As with the historical bitcoin price table, we see bitcoin's extreme outperformance vs other assets here as well. These CAGR numbers solidify bitcoin's status as the best performing financial asset in history.

Bitcoin Price Closing History by Level

Days Bitcoin Closed Above:

Price

Days Above

% of Bitcoin's Life

$60,000

40

0.85%

$56,555

87

1.84%

$50,000

135

2.86%

$40,000

229

4.86%

$30,000

334

7.08%

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.

Bitcoin Marketcap Closing History by Level

Days Bitcoin Marketcap Closed Above:

Mcap

Days Above

% of Bitcoin's Life

$1.25T

2

0.04%

$1.07T

81

1.72%

$1.00T

119

2.52%

$750B

229

4.86%

$500B

340

7.21%

$300B

387

8.21%

Data Sources: coinmetrics.io, bitcoincharts.com

What is it: This the number of days in which bitcoin "closed" (trading level at midnight UTC) above various marketcap levels.

Why it matters: This can give a sense of where bitcoin is currently trading relative to past cycles.





ROI Chart - 2-year

By Timeframe

By BTC Halving Epoch

Since Key Dates

--- Bitcoin

--- Gold

--- S&P 500

--- Long US Bonds (TLT)


Loading stores-of-value ROI chart...

Data Source: CaseBitcoin.com

What is it: This tracks Bitcoin's ROI against other major assets, across many timeframes of interest.

Why it matters: This chart - on nearly any timeframe - puts the magnitude of bitcoin's out-performance into sharp perspective.





Sharpe Ratio, 5-year Investment

Investment Timeframe

--- Bitcoin

--- Gold

--- S&P 500

--- Long US Bonds (TLT)


Loading Sharpe chart...

Data Source: CaseBitcoin.com

What is it: Sharpe ratios are a measure of risk-adjusted (really volatility-adjusted) returns. It is a way to measure how much return an investment generated for the risk (volatility) endured over some time horizon. This chart tracks the sharpe-ratios of BTC vs other assets, across various investment-time horizons. For example, if you select the "5 year" option, at every date, the chart is showing the sharpe-ratio value for holding the asset over the prior 5 years. For risk-free-rate, this is using the average of the 30-day US treasury-bill over every holding period window.

Why it matters: Bitcoin has famously high returns over most multi-year periods of its life, but also famously high price volatility. Thus it's reasonable to ask if the returns were 'worth it' given the high volatility bitcoin-holders endured. Sharpe ratio is a common way to measure how much return an investment generated for the amount of risk (volatility) taken, thus we can use it to look at the risk/reward ratios for BTC vs other asset classes. The sharpe ratio calculation has some caveats (eg, it assumes returns are normally distributed), but it is nevertheless a popular way to compare investments on a risk-adjusted basis. We can see from this chart that bitcoin's returns, over longer holding periods especially, generally fully compensate for the volatility. BTC has a notably higher sharpe-ratio most of the time for multi-year holding periods.





Sortino Ratio, 5-year Investment

Investment Timeframe

--- Bitcoin

--- Gold

--- S&P 500

--- Long US Bonds (TLT)


Loading Sortino chart...

Data Source: CaseBitcoin.com

What is it: Sortino ratio is a measure very similar to Sharpe ratio, but without penalizing the asset's score for upward volatility. Whereas Sharpe ratio measures the asset's performance against some benchmark per unit of bi-directional volatility, Sortino measures per unit of *downside* volaility only. This can provide a more real-world indication of the asset's desireabiliy, since most investors are primarily concerned with downside moves, as far as 'risk' goes.

Why it matters: Bitcoin has famously high returns over most multi-year periods of its life, but also famously high price volatility. Thus it's reasonable to ask if the returns were 'worth it' given the high volatility bitcoin-holders endured. Sortino ratio is a way to measure how much return an investment generated for the amount of downside-volatility endured, thus we can use it to look at the risk/reward ratios for BTC vs other asset classes. The sortino ratio calculation has some caveats (eg, it assumes returns are normally distributed), but it is nevertheless a popular way to compare investments on a risk-adjusted basis. We can see from this chart that bitcoin's returns, over longer holding periods especially, generally fully compensate for the volatility. BTC has a notably higher sortino-ratio most of the time for multi-year holding periods.





Bitcoin Price - Full History

Loading full bitcoin price chart...

Data Sources: Messari.io, bitcoincharts.com

What is it: This chart shows the full price history of bitcoin, going back to the first trading days on the (now defunct) MtGox exchange in July 2010. Changing the time-range shown on the chart will show various stats for the range selected below.

Why it matters: Understanding bitcoin's full price history can give a better sense of how it trades; ie, the process of monetizing an asset from 0 over a decade, and potentially where it sits currently relative to past cycles.





Bitcoin Price - Doubling Time

Loading doubling time chart...

Data Sources: Messari.io, bitcoincharts.com

What is it: This chart shows how long it has taken bitcoin's price to double (blue line), at any given point in time. BTC's price is also shown for reference (orange).

Why it matters: It's clearly visible from this chart how price peaks coincide with very short doubling-times. For example, at the Dec 2017 peak, it had taken price only 16 days to double. Note that these calculations are using daily volume-weighted-average prices from multiple exchanges (using candle data from individual exchanges would likely show even shorter doubling times due to price wicks).





Daily Active Addresses

Data Source: Coinmetrics.io

What is it: This tracks how many unique bitcoin sending and receiving addresses are active on the bitcoin network over a 24hr period.

Why it matters: Address activity is one of the better on-chain measures available that roughly tracks number of people & institutions using the bitcoin network.

Settlement Volume (24hr)

Data Source: Coinmetrics.io

What is it: This tracks how much value is being transacted on the bitcoin network over a 24hr period. Note: this adjusts for effects of "change" transactions; nominal tx vol figures are higher, but this series better captures real economic activity.

Why it matters: Bitcoin is increasingly viewed as a base-layer settlement network. It can be loosly compared to other settlement networks such as FedWire and Swift, or potentially payment networks such as Visa and Paypal.





Hashrate (Th/s)

Data Source: Coinmetrics.io

What is it: This is an estimate of how much computing power bitcoin miners are applying to secure the bitcoin network. Note that hashrate is not directly measurable - this data must be inferred from observing bitcoin block times and network difficulty level. It is therefore noisy over short periods (days), but accurate over longer periods (months).

Why it matters: Hashrate and price and strongly correlated as expected (higher price incentivizes miners to add capacity, and vice versa), but these data provide a rough look at how much energy miners are spending on bitcoin network security, and further, it can be suggestive of miner sentiment.

Bitcoin Price & ROI on this Date

Bitcoin Price & ROI on this Date:

Date

Price

ROI to Today

Dec 3, 2020

$19,332

+193%

Dec 3, 2019

$7,329

+672%

Dec 3, 2018

$3,926

+1,341%

Dec 3, 2017

$11,232

+404%

Dec 3, 2016

$765

+7,298%

Dec 3, 2015

$363

+15,476%

Dec 3, 2014

$379

+14,837%

Dec 3, 2013

$1,047

+5,303%

Dec 3, 2012

$13

+450,684%

Dec 3, 2011

$3

+1,884,032%

Dec 3, 2010

$0.25

+22,843,079%

Data Sources: Messari.io, bitcoincharts.com

What is it: This shows bitcoin's price and ROI on this day of the year, going back to the first year for which trading data exists.

Why it matters: Bitcoin's price growth is (probably) unique in financial asset history. The tremendous growth represents an asset getting monetized from 0 to global relevance in a short amount of time.





Real Rate (10yr)

Loading real rate chart...

Data Source: CaseBitcoin.com

What is it: This is rate of return, after inflation, currently provided by benchmark 10-year debt instruments. It is calculated by taking the yield on the 10yr UST and subtracting the 10yr inflation breakeven rate (which is a market-based measure of future expected inflation).

Why it matters: The real rate is what matters in terms of future expected purchasing power, and therefore how attractive "safe" assets like governments bonds are relative to riskier assets. Generally speaking, rising real returns on US bonds will put pressure on stocks and other risk assets, and vice versa.





10yr US Treasury Bond Yield

Loading 10yr UST chart...

Data Source: St Louis Fed

What is it: This is the yield on the US 10-year Treasury Bond.

Why it matters: The 10yr UST yield is a common interest rate benchmark.

10yr Breakeven Inflation Rate

Loading 10yr breakevens chart...

Data Source: St Louis Fed

What is it: This is the difference in the yield between the 10yr US Treasury and the 10yr inflation-indexed bond (TIPS).

Why it matters: Breakeven inflation rates measure market-expectations of inflation. By looking at the yields on inflation-indexed bonds, vs yields on nominal bonds of the same maturity, we can see what inflation expectations the market is assuming over that period.





Bitcoin Whitepaper Word Cloud

Data Source: Bitcoin Whitepaper

What is it: This shows the relative frequency of words occuring in the bitcoin whitepaper.

Why it matters: This view is a novelty, but shows the kinds of concepts that take precedence in the bitcoin system at a conceptual level.

Federal Reserve Act Word Cloud

Data Sources: federalreserve.gov

What is it: This shows the relative frequency of words occuring in the Federal Reserve Act.

Why it matters: This view is a novelty, but shows the kinds of concepts that take precedence in the federal reserve system at a conceptual level.