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

$49,211  πŸ“ˆ

+$399.82

+0.82%


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)

11.50x   

+0.03

+0.29%


M2:BTC (marketcap)

21.16x   

-0.19

-0.91%


BTC:Oil (price)

821.43x   

+7.79

+0.96%


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

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