Bitcoin Marketcap
$1.80T
Gold Marketcap
$16.09T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
BITCOIN STATS
Bitcoin Marketcap
$1.80T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$37.74B
Active Addresses
1.02M
Mining Reward Value (24hr)
$87.2M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
4.29%
BTC Up From Cycle Low
5.08%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
8.96x
+0.10
+1.09%
M2:BTC (marketcap)
11.86x
+0.09
+0.80%
BTC:Oil (price)
1,355x
-59.26
-4.19%
Gold:Oil (price)
37.76x
-1.21
-3.11%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
+132%
+31%
+32%
2 year:
+459%
+47%
+50%
3 year:
+93%
+49%
+32%
4 year:
+404%
+44%
+64%
5 year:
+1,175%
+80%
+92%
6 year:
+2,563%
+113%
+120%
7 year:
+653%
+108%
+130%
8 year:
+12,526%
+124%
+174%
9 year:
+24,213%
+144%
+190%
10 year:
+25,206%
+121%
+191%
11 year:
+12,536%
+116%
+236%
12 year:
+715,452%
+56%
+328%
13 year:
+3.2 million%
+52%
+384%
14 year:
+40 million%
+90%
+392%
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
0
0
$94,981
10
0.17%
$90,000
18
0.31%
$80,000
23
0.40%
$50,000
432
7.43%
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
29 Jun 2020 | | Price when published: $9,150 (ROI since: +939%)
Debt, the dollar, and Bitcoin with Lyn Alden
Lyn lays out the international monetary system works, the fundamentals of how government funding works, how it relates to QE, the parallels between the 1930s and the 2010s, and the potential for the 2020s to be an inflationary environment like the 1940s. She further explains her thinking around Bitcoin, and why its fundamentals have been derisked vs when she initiated coverage of it in 2017, as well as how the current macro environment is an ideal backdrop for Bitcoin.
EXCERPT
- How the Bretton Woods system broke down and gave way to the Nixon shock
- The genesis of the petrodollar system with Saudi Arabia
- Alternatives to the dollar reserve that were mooted prior to Bretton Woods II
- Why the dollar reserve system has begun to impose a cost on americans rather than being a net benefit
- How the US became a debtor nation and what that means for the middle class
- Why the US dollar can’t find a natural equilibrium
- The relationship between dollar strength and emerging markets
- Why the US government is caught between remaining strategic power through dollar centrality versus re-onshoring supply chains
- Can the world transition past a dollar standard?
- Why global commodities being priced in a single currency is a historical aberration
- Why calling QE simply an asset swap isn’t a complete description
- Why our monetary situation bears resemblance to the 1940s
- The Fed’s changing inflation target
- Why QE in 2008-14 was largely noninflationary and why this time might be different
- Lyn’s view on Bitcoin and how it fits into her macro thesis
- Lyn’s major concerns about Bitcoin
Listen Now
What do you think of this piece?
MORE FROM Nic Carter, Lyn Alden
23 Aug 2020
