Bitcoin Marketcap

$833B

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

$44,529  πŸ“‰

 

-3.43%


S&P 500

4,164  πŸ“‰

-12.12

-0.29%


Gold

$1,869  πŸ“ˆ

+$24.63

+1.34%


Silver

$28.24  πŸ“ˆ

+$0.87

+3.19%


Euro

$1.2155  πŸ“ˆ

+$0.00

+0.05%


Yen

Β₯109.20  πŸ“‰

-Β₯0.18

-0.17%


Renminbi (CNY)

Β₯6.4392   

+Β₯0.00

+0.03%


Oil (WTI)

$66.28  πŸ“ˆ

+$0.89

+1.36%


BITCOIN STATS

Bitcoin Marketcap

$833B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

89.10%


BTC Settlement Volume (24hr)

$11.23B


Real Exchange Volume (24hr)

$23.34B


Active Addresses

971,649


Mining Reward Value (24hr)

$40.6M


GBTC Premium

-14.47%


MSTR Premium

-0.60%


BTC Down From ATH

31.15%


BTC Up From Cycle Low

4.29%


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   

+0.65

+4.99%


M2:BTC (marketcap)

23.88x   

+0.83

+3.58%


BTC:Oil (price)

671.90x   

-33.14

-4.7%


Gold:Oil (price)

28.20x   

-0

-0.01%


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:

+346%

+7%

+42%

2 year:

+436%

+46%

+47%

3 year:

+418%

+45%

+53%

4 year:

+2,162%

+49%

+74%

5 year:

+9,794%

+49%

+103%

6 year:

+18,399%

+55%

+96%

7 year:

+8,733%

+45%

+121%

8 year:

+36,978%

+35%

+150%

9 year:

+851,127%

+17%

+220%

10 year:

+728,249%

+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%

$44,542

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

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".