Bitcoin Marketcap

$887B

Gold Marketcap

$10.66T

BTC Settlement Volume (24hr)

$16.43B

BTC Inflation Rate (next 1yr)

1.79%

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KEY MARKETS

24hr change

Bitcoin

$47,141  πŸ“‰

-$435.64

-0.92%


S&P 500

4,410  πŸ“‰

-64.6

-1.44%


Gold

$1,754  πŸ“ˆ

+$1.00

+0.06%


Silver

$22.40  πŸ“‰

-$0.49

-2.14%


Euro

$1.1726  πŸ“‰

-$0

-0.36%


Yen

Β₯109.93  πŸ“ˆ

+Β₯0.20

+0.19%


Renminbi (CNY)

Β₯6.4662   

+Β₯0.01

+0.13%


Oil (WTI)

$71.87  πŸ“‰

-$0.64

-0.88%


BITCOIN STATS

Bitcoin Marketcap

$887B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.61%


BTC Settlement Volume (24hr)

$16.43B


Real Exchange Volume (24hr)

$4.07B


Active Addresses

1.02M


Mining Reward Value (24hr)

$43.3M


GBTC Premium

-17.49%


MSTR Premium

17.27%


BTC Down From ATH

26.85%


BTC Up From Cycle Low

61.76%


RATES & YIELDS

24hr change

UST 3mo

0.04%  πŸ“ˆ

+0

0%


UST 2yr

0.23%  πŸ“ˆ

+0.02

+9.52%


UST 10yr

1.34%  πŸ“ˆ

+0.03

+2.29%


UST 30yr

1.88%  πŸ“ˆ

+0.01

+0.53%


Fed Funds (EFFR)

0.08%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.35%  πŸ“ˆ

+0

0%


Real Rate (10yr)

-1.04%  πŸ“‰

+0.03

+-2.80%


RATIOS

24hr change

Gold:BTC (marketcap)

12.03x   

+0.12

+1.05%


M2:BTC (marketcap)

23.18x   

+0.25

+1.11%


BTC:Oil (price)

655.24x   

-0.7

-0.11%


Gold:Oil (price)

24.41x   

+0.28

+1.15%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.45T  πŸ“ˆ

+$106B

+1.27%


M1 Money Supply

$19.40T  πŸ“ˆ

+$134B

+0.69%


M2 Money Supply

$20.53T  πŸ“ˆ

+$146B

+0.71%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+332%

-10%

+32%

2 year:

+363%

+17%

+47%

3 year:

+652%

+46%

+52%

4 year:

+1,082%

+34%

+76%

5 year:

+7,711%

+33%

+106%

6 year:

+20,465%

+54%

+125%

7 year:

+11,632%

+44%

+120%

8 year:

+37,550%

+28%

+157%

9 year:

+378,906%

-1%

+202%

10 year:

+806,667%

-3%

+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

76

1.64%

$47,141

108

2.33%

$40,000

152

3.28%

$30,000

257

5.54%

$20,000

275

5.93%

$10,000

580

12.50%

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

15 Nov 2017 | Lyn Alden | Price when published: $6,940 (ROI since: +579%)

How to Value Bitcoin and Other Cryptocurrencies

Filed under: topic icon valuation  medium icon articles

Topics include:
- Cryptocurrencies 101
- Bitcoin vs. Fiat Currencies vs. Precious Metals
- The Difficulty in Valuing Cryptocurrency
- Quantity Theory of Money
- National Currency Comparisons
- Pure Store of Value: Percent of Net Worth
- Stock to Flow

EXCERPT

Over time, my views on those second two questions have become a bit more bullish in favor of Bitcoin, compared to my initial neutral opinion. Bitcoin now has over a decade of existence, and continues to have dominant market share of the cryptocurrency space (about 2/3rds of all cryptocurrency value is Bitcoin). Currencies tend to be β€œwinner take all” systems, so instead of becoming diluted with thousands of nonsense coins, the crypto market has remained mostly centered around Bitcoin, which demonstrates the power of its network effect.

Bitcoin prices could go up by a lot, or they could fall to nothing, and it mostly comes down to how much and how fast Bitcoin or any of these cryptocurrencies can maintain and grow their network effect to be seen as either a permanent store of value or a medium of exchange. As a medium of exchange, they are failing to take off. As a store of value, Bitcoin alone seems to be succeeding. Purely as a store of value, bitcoins have considerable upside. If the Bitcoin network earns even a quarter or half as much market share as gold, the upside per bitcoin is tremendous.


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