Bitcoin Marketcap

$1.33T

Gold Marketcap

$13.57T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$70,159  πŸ“‰

-$619.61

-0.88%


S&P 500

5,239  πŸ“‰

-2

-0.04%


Gold

$2,232  πŸ“ˆ

+$18.43

+0.83%


Silver

$24.98  πŸ“ˆ

+$0.35

+1.44%


Euro

$1.0789  πŸ“ˆ

+$0.00

+0.01%


Yen

Β₯151.36  πŸ“ˆ

+Β₯0.02

+0.02%


Renminbi (CNY)

Β₯7.2202   

-Β₯0.01

-0.12%


Oil (WTI)

$83.12  πŸ“ˆ

+$0.44

+0.53%


BITCOIN STATS

Bitcoin Marketcap

$1.33T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$26.70B


Active Addresses

1.02M


Mining Reward Value (24hr)

$64.2M


GBTC Premium

257.43%


MSTR Premium

104.51%


BTC Down From ATH

5.00%


BTC Up From Cycle Low

15.17%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“‰

-0.01

-0.18%


UST 2yr

4.56%  πŸ“ˆ

+0.02

+0.44%


UST 10yr

4.24%  πŸ“‰

-0.01

-0.24%


UST 30yr

4.40%  πŸ“‰

-0.02

-0.45%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.32%  πŸ“ˆ

+0

0%


Real Rate (10yr)

1.92%  πŸ“‰

-0.01

-0.52%


RATIOS

24hr change

Gold:BTC (marketcap)

10.23x   

+0.15

+1.50%


M2:BTC (marketcap)

15.67x   

+0.08

+0.52%


BTC:Oil (price)

843.93x   

-10.21

-1.2%


Gold:Oil (price)

26.85x   

+0.14

+0.52%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.48T  πŸ“‰

 

-1.1%


M1 Money Supply

$17.94T  πŸ“‰

 

-0.25%


M2 Money Supply

$20.78T  πŸ“ˆ

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+148%

+13%

+28%

2 year:

+49%

+17%

+14%

3 year:

+19%

+31%

+32%

4 year:

+1,042%

+35%

+102%

5 year:

+1,603%

+72%

+85%

6 year:

+920%

+69%

+99%

7 year:

+6,418%

+79%

+122%

8 year:

+16,793%

+82%

+154%

9 year:

+28,524%

+87%

+154%

10 year:

+15,153%

+74%

+177%

11 year:

+71,150%

+41%

+234%

12 year:

+1.4 million%

+33%

+273%

13 year:

+9.0 million%

+56%

+294%

14 year:

+2.3 billion%

+98%

+343%

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

$80,000

0

0

$70,159

5

0.09%

$70,000

6

0.11%

$60,000

70

1.26%

$50,000

189

3.40%

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

2 Mar 2021 | Jurrien Timmer | Price when published: $49,055 (ROI since: +43.05%)

Fidelity - Understanding Bitcoin

Filed under: topic icon fundamentals  medium icon reports

Mr Timmer looks at macro considerations broadly, taking a historical approach to analyzing the effectiveness of various inflation hedge assets. The 12-page report looks at bitcoin's potential within this framework, starting with its fundamental properties, supply and demand drivers, and recent growth and validation as an asset class.

Topics covered include:
- About bitcoin: Prospects, prospectors, and portfolio managers
- Bitcoin Stock to Flow
- Metcalfe's Law
- Gold and bitcoin as a store of value
- BTC Valuation
- Equities as an inflation hedge
- Asset classes over time

EXCERPT

Among an increasing number of investors and portfolio managers, bitcoin is considered a legitimate and distinct asset class, and some may wish to consider bitcoin, alongside other alternatives, as one component of the bond side of a 60/40 portfolio.
...
In my view, bitcoin has gone mainstream, already considered a legitimate asset class by more and more investors. I think bitcoin has both a compelling supply dynamic (S2F) and demand dynamic (Metcalfe’s Law). At close to $900 billion, bitcoin is still just a fraction of gold’s total global value of roughly $11 trillion, not to mention total global financial assets of $160 trillion.

Bitcoin and Metcalfe Law


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