Bitcoin Marketcap

$1.81T

Gold Marketcap

$15.97T

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

$95,684  πŸ“‰

 

-2.46%


S&P 500

6,022  πŸ“ˆ

+0

0%


Gold

$2,627  πŸ“ˆ

+$8.65

+0.33%


Silver

$29.66  πŸ“ˆ

+$0.04

+0.13%


Euro

$1.0394  πŸ“‰

-$0

-0.31%


Yen

Β₯157.63  πŸ“ˆ

+Β₯0.30

+0.19%


Renminbi (CNY)

Β₯7.2985   

-Β₯0

-0%


Oil (WTI)

$70.35  πŸ“ˆ

+$0.17

+0.24%


BITCOIN STATS

Bitcoin Marketcap

$1.81T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$22.91B


Active Addresses

1.02M


Mining Reward Value (24hr)

$87.4M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

11.62%


BTC Up From Cycle Low

3.74%


RATES & YIELDS

24hr change

UST 3mo

4.34%  πŸ“‰

-0.01

-0.23%


UST 2yr

4.30%  πŸ“‰

-0.02

-0.46%


UST 10yr

4.52%  πŸ“‰

-0.05

-1.09%


UST 30yr

4.72%  πŸ“‰

-0.02

-0.42%


Fed Funds (EFFR)

4.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.35%  πŸ“ˆ

+0.06

+2.62%


Real Rate (10yr)

2.17%  πŸ“‰

-0.06

-2.69%


RATIOS

24hr change

Gold:BTC (marketcap)

8.85x   

+0.26

+3.07%


M2:BTC (marketcap)

11.81x   

+0.31

+2.73%


BTC:Oil (price)

1,357x   

-40.52

-2.9%


Gold:Oil (price)

37.29x   

-0.02

-0.04%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$6.89T  πŸ“‰

 

-0.5%


M1 Money Supply

$18.24T  πŸ“ˆ

+$86.00B

+0.47%


M2 Money Supply

$21.31T  πŸ“ˆ

+$90.00B

+0.42%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+122%

+27%

+26%

2 year:

+475%

+45%

+59%

3 year:

+95%

+45%

+26%

4 year:

+262%

+40%

+62%

5 year:

+1,202%

+73%

+86%

6 year:

+2,414%

+105%

+142%

7 year:

+562%

+103%

+125%

8 year:

+9,921%

+128%

+168%

9 year:

+22,174%

+147%

+191%

10 year:

+30,508%

+121%

+188%

11 year:

+13,140%

+116%

+227%

12 year:

+711,428%

+58%

+326%

13 year:

+2.3 million%

+68%

+375%

14 year:

+32 million%

+86%

+378%

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

$100,000

9

0.15%

$95,683

30

0.51%

$90,000

41

0.70%

$80,000

46

0.79%

$50,000

455

7.80%

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: +919%)

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 he’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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