Bitcoin Marketcap

$888B

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

$47,200  ๐Ÿ“‰

-$366.01

-0.77%


S&P 500

4,410  ๐Ÿ“‰

-64.6

-1.44%


Gold

$1,754  ๐Ÿ“ˆ

+$0.86

+0.05%


Silver

$22.40  ๐Ÿ“‰

-$0.51

-2.21%


Euro

$1.1726  ๐Ÿ“‰

-$0

-0.34%


Yen

ยฅ109.98  ๐Ÿ“ˆ

+ยฅ0.27

+0.25%


Renminbi (CNY)

ยฅ6.4662   

+ยฅ0.01

+0.13%


Oil (WTI)

$71.90  ๐Ÿ“‰

-$0.6

-0.83%


BITCOIN STATS

Bitcoin Marketcap

$888B


BTC Inflation Rate (next 1yr)

1.79%


% Supply Issued

89.61%


BTC Settlement Volume (24hr)

$16.43B


Real Exchange Volume (24hr)

$4.05B


Active Addresses

1.02M


Mining Reward Value (24hr)

$43.0M


GBTC Premium

-17.49%


MSTR Premium

17.27%


BTC Down From ATH

27.26%


BTC Up From Cycle Low

60.57%


RATES & YIELDS

24hr change

UST 3mo

0.04%  ๐Ÿ“ˆ

+0

0%


UST 2yr

0.23%  ๐Ÿ“ˆ

+0.02

+9.52%


UST 10yr

1.34%  ๐Ÿ“ˆ

+0.03

+2.29%


UST 30yr

1.88%  ๐Ÿ“ˆ

+0.01

+0.53%


Fed Funds (EFFR)

0.08%  ๐Ÿ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.35%  ๐Ÿ“ˆ

+0

0%


Real Rate (10yr)

-1.04%  ๐Ÿ“‰

+0.03

+-2.80%


RATIOS

24hr change

Gold:BTC (marketcap)

12.01x   

+0.09

+0.80%


M2:BTC (marketcap)

23.12x   

+0.16

+0.71%


BTC:Oil (price)

656.46x   

+0.50

+0.08%


Gold:Oil (price)

24.39x   

+0.19

+0.79%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.45T  ๐Ÿ“ˆ

+$106B

+1.27%


M1 Money Supply

$19.40T  ๐Ÿ“ˆ

+$134B

+0.69%


M2 Money Supply

$20.53T  ๐Ÿ“ˆ

+$146B

+0.71%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+331%

-10%

+32%

2 year:

+360%

+17%

+47%

3 year:

+650%

+46%

+52%

4 year:

+1,080%

+34%

+76%

5 year:

+7,694%

+33%

+106%

6 year:

+20,418%

+54%

+125%

7 year:

+11,605%

+44%

+120%

8 year:

+37,464%

+28%

+157%

9 year:

+378,037%

-1%

+202%

10 year:

+804,937%

-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%

$47,172

106

2.28%

$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

28 May 2020 | Brady Swenson, Jeff Booth | Price when published: $9,393 (ROI since: +402%)

Jeff Booth: The Money of Tomorrow

Filed under: topic icon macro  medium icon podcasts

Jeff outlines the core ideas from his book, but also makes some key points about bitcoin. Specifically, he notes (around 33mins in), how Bitcoin - possibly uniquely - hedges both ultimate downside scenarios: 1) the case where governments keep printing more and more and keep getting away with it, and 2) the case where there's a deflationary crash and the banking system collapses. The idea is that in case 1, bitcoin acts as a hard-money inflation-hedge, and in case 2, it can step in and provide the core of a completely separate but functional/electronic global monetary system.

EXCERPT

In this disucssion we dive into the ideas heโ€™s fleshed out in The Price of Tomorrow - deflationary technology in the time of inflationary monetary policy - the deep societal problems caused by inflationary money - how deflationary technology could combine with the deflationary money that is Bitcoin. We soberly examine the current state of affairs but also consider a bright future ahead and the path to get there.


Listen Now

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