Bitcoin Marketcap

$785B

Gold Marketcap

$11.03T

BTC Settlement Volume (24hr)

$10.38B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$41,817  πŸ“ˆ

+$376.19

+0.91%


S&P 500

4,396  πŸ“‰

-2.8

-0.06%


Gold

$1,814  πŸ“ˆ

+$0.38

+0.02%


Silver

$25.46  πŸ“‰

-$0.02

-0.07%


Euro

$1.1867  πŸ“ˆ

+$0

0%


Yen

Β₯109.69  πŸ“‰

-Β₯0.01

-0.01%


Renminbi (CNY)

Β₯6.4615   

+Β₯0

0%


Oil (WTI)

$73.75  πŸ“ˆ

+$0.10

+0.14%


BITCOIN STATS

Bitcoin Marketcap

$785B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.39%


BTC Settlement Volume (24hr)

$10.38B


Real Exchange Volume (24hr)

$4.26B


Active Addresses

841,162


Mining Reward Value (24hr)

$38.2M


GBTC Premium

-6.72%


MSTR Premium

39.08%


BTC Down From ATH

35.29%


BTC Up From Cycle Low

42.91%


RATES & YIELDS

24hr change

UST 3mo

0.06%  πŸ“ˆ

+0.01

+20.00%


UST 2yr

0.20%  πŸ“ˆ

+0

0%


UST 10yr

1.26%  πŸ“ˆ

+0.01

+0.80%


UST 30yr

1.90%  πŸ“ˆ

+0.01

+0.53%


Fed Funds (EFFR)

0.10%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.40%  πŸ“‰

-0.03

-1.23%


Real Rate (10yr)

-1.14%  πŸ“‰

+0.03

+-2.56%


RATIOS

24hr change

Gold:BTC (marketcap)

14.05x   

-0.11

-0.81%


M2:BTC (marketcap)

25.97x   

-0.22

-0.83%


BTC:Oil (price)

567.06x   

+3.89

+0.69%


Gold:Oil (price)

24.60x   

-0.03

-0.12%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.22T  πŸ“ˆ

+$143B

+1.77%


M1 Money Supply

$19.27T  πŸ“ˆ

+$46.40B

+0.24%


M2 Money Supply

$20.39T  πŸ“ˆ

+$18.80B

+0.09%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+261%

-9%

+34%

2 year:

+293%

+25%

+53%

3 year:

+453%

+49%

+55%

4 year:

+1,425%

+42%

+77%

5 year:

+7,486%

+33%

+104%

6 year:

+14,798%

+67%

+109%

7 year:

+7,030%

+40%

+127%

8 year:

+43,662%

+38%

+157%

9 year:

+387,594%

+13%

+219%

10 year:

+417,734%

+10%

+266%

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

1.59%

$41,816

101

2.20%

$40,000

109

2.37%

$30,000

210

4.57%

$20,000

228

4.97%

$10,000

533

11.61%

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 is Digital Gold

theme image

One of the most common, and best, ways to think about bitcoin is as "digital gold". Like gold, bitcoin doesn't rely on a central issuer, can't have its supply manipulated by any authority, and has fundamental properties long considered important for a monetary good and store of value.

Unlike gold, bitcoin is extremely easy and cheap to "transport", and trivial to verify its authenticity. Bitcoin is also "programmable". This means custody of bitcoin can be extremely flexible. It can be split amongst a set of people ("key holders"), backed up and encrypted, or even frozen-in-place until a certain date in the future. This is all done without a central authority managing the process. It's also possible to walk across a national border with bitcoin "stored" in your head by memorizing a key.

The similarities to gold, plus the unique features possible because bitcoin is purely digital, give it the "digital gold" moniker. Sharing fundamental properties with gold means it shares use-cases with gold, such as hedging inflation and political uncertainty. But being digital, bitcoin adds capabilities that are especially relevant in our modern electronic times. The world does indeed need a digital version of gold.

Pieces About Bitcoin as Digital Gold