Bitcoin Marketcap

$917B

Gold Marketcap

$10.55T

BTC Settlement Volume (24hr)

$13.48B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$49,195  πŸ“ˆ

+$352.12

+0.72%


S&P 500

3,876  πŸ“‰

-22.08

-0.57%


Gold

$1,736  πŸ“ˆ

+$20.74

+1.21%


Silver

$26.66  πŸ“ˆ

+$0.54

+2.06%


Euro

$1.2084  πŸ“ˆ

+$0.01

+0.55%


Yen

Β₯106.84  πŸ“ˆ

+Β₯0.07

+0.06%


Renminbi (CNY)

Β₯6.4648   

-Β₯0.01

-0.13%


Oil (WTI)

$59.94  πŸ“‰

-$0.01

-0.02%


BITCOIN STATS

Bitcoin Marketcap

$917B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

88.77%


BTC Settlement Volume (24hr)

$13.48B


Real Exchange Volume (24hr)

$7.20B


Active Addresses

1.07M


Mining Reward Value (24hr)

$44.7M


GBTC Premium

-2.06%


MSTR Premium

42.34%


BTC Down From ATH

15.42%


BTC Up From Cycle Low

13.95%


RATES & YIELDS

24hr change

UST 3mo

0.05%  πŸ“ˆ

+0.01

+25.00%


UST 2yr

0.14%  πŸ“‰

-0.03

-17.65%


UST 10yr

1.44%  πŸ“‰

-0.1

-6.49%


UST 30yr

2.17%  πŸ“‰

-0.16

-6.87%


Fed Funds (EFFR)

0.07%  πŸ“ˆ

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

11.51x   

+0.05

+0.48%


M2:BTC (marketcap)

21.16x   

-0.19

-0.91%


BTC:Oil (price)

820.74x   

+6.55

+0.80%


Gold:Oil (price)

28.95x   

+0.34

+1.19%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.59T  πŸ“ˆ

+$185B

+2.50%


M1 Money Supply

$6.81T  πŸ“ˆ

+$13.80B

+0.20%


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:

+462%

+6%

+26%

2 year:

+1,205%

+34%

+39%

3 year:

+328%

+31%

+44%

4 year:

+3,796%

+42%

+63%

5 year:

+12,100%

+37%

+94%

6 year:

+18,009%

+47%

+86%

7 year:

+7,252%

+29%

+107%

8 year:

+128,208%

+10%

+153%

9 year:

+1,003,964%

+2%

+186%

10 year:

+5,530,938%

+21%

+194%

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

6

0.14%

$49,210

8

0.18%

$40,000

25

0.56%

$30,000

60

1.35%

$20,000

77

1.73%

$10,000

382

8.60%

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

Critique #1: Bitcoin Has No Intrinsic Value

<< back to all critiques

critique:  Bitcoin is purely digital & backed by nothing, and therefore has no intrinsic value.

rebuttal:  "Intrinsic" value is a faulty concept. It's always the case that humans value something based on its usefulness for a specific purpose. The value is not an inherent property of something but a reflection of people's demand for it. Similarly, something only needs to be "backed" by something else if it is missing the properties that people value.

Bitcoin has many attributes that are fundamentally similar to gold (which humanity values at over $10 trillion), and are often superior precisely because of bitcoin's digital nature.

People have historically valued gold above its industrial use (electronics, etc.) because it has properties that made it useful for reducing the friction of exchange, such as scarcity, fungibility, durability, etc. These properties generally define something that can be a good money and store of value.

Bitcoin has these same properties, often taken to an extreme vs gold due its digital nature, plus other capabilities that are not possible for a physical object. This is why bitcoin is often called "digital gold".