Bitcoin Marketcap

$1.86T

Gold Marketcap

$16.51T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$98,581  ๐Ÿ“‰

-$434.37

-0.44%


S&P 500

5,967  ๐Ÿ“ˆ

+22.43

+0.38%


Gold

$2,716  ๐Ÿ“ˆ

+$17.86

+0.66%


Silver

$31.34  ๐Ÿ“ˆ

+$0.16

+0.51%


Euro

$1.0418  ๐Ÿ“‰

-$0.01

-0.73%


Yen

ยฅ154.77  ๐Ÿ“ˆ

+ยฅ0.02

+0.01%


Renminbi (CNY)

ยฅ7.2430   

-ยฅ0

-0.03%


Oil (WTI)

$71.18  ๐Ÿ“ˆ

+$0.61

+0.86%


BITCOIN STATS

Bitcoin Marketcap

$1.86T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$37.50B


Active Addresses

1.02M


Mining Reward Value (24hr)

$90.2M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

1.12%


BTC Up From Cycle Low

0.25%


RATES & YIELDS

24hr change

UST 3mo

4.63%  ๐Ÿ“ˆ

+0.01

+0.22%


UST 2yr

4.31%  ๐Ÿ“ˆ

+0.04

+0.94%


UST 10yr

4.41%  ๐Ÿ“ˆ

+0.02

+0.46%


UST 30yr

4.59%  ๐Ÿ“ˆ

+0.02

+0.44%


Fed Funds (EFFR)

4.58%  ๐Ÿ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.34%  ๐Ÿ“ˆ

+0

0%


Real Rate (10yr)

2.07%  ๐Ÿ“ˆ

+0.03

+1.47%


RATIOS

24hr change

Gold:BTC (marketcap)

8.86x   

+0.10

+1.18%


M2:BTC (marketcap)

11.39x   

+0.06

+0.56%


BTC:Oil (price)

1,385x   

-18.15

-1.29%


Gold:Oil (price)

38.15x   

-0.05

-0.13%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$6.92T  ๐Ÿ“‰

 

-1.5%


M1 Money Supply

$18.15T  ๐Ÿ“ˆ

+$33.90B

+0.19%


M2 Money Supply

$21.22T  ๐Ÿ“ˆ

+$46.30B

+0.22%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+161%

+36%

+31%

2 year:

+494%

+55%

+48%

3 year:

+70%

+52%

+27%

4 year:

+420%

+49%

+65%

5 year:

+1,277%

+86%

+91%

6 year:

+2,465%

+122%

+127%

7 year:

+995%

+111%

+129%

8 year:

+13,331%

+131%

+170%

9 year:

+27,646%

+153%

+186%

10 year:

+26,391%

+127%

+188%

11 year:

+11,263%

+118%

+231%

12 year:

+799,810%

+55%

+325%

13 year:

+3.9 million%

+60%

+414%

14 year:

+35 million%

+99%

+402%

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

0

0

$98,581

1

0.02%

$90,000

8

0.14%

$80,000

13

0.22%

$50,000

422

7.27%

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 Valuation

Here are pieces that provide valuation models or frameworks for bitcoin. These comprise many approaches, including: relative valuation vs gold, comparison to the money supply of various countries, equation of exchange (mv=pq), stock to flow ratio, generational trends, comparisons to companies, and more.
 
Date
Title
Author(s)
Format
Pub Price

icon
20 Aug 2020
Phil Bonello
$11,812

icon
29 Dec 2019
Hass McCook
$7,352

icon
1 Mar 2019
Wences Casares
$3,843

icon
20 Feb 2019
Tuur Demeester, Tamas Blummer, Michiel Lescrauwaet
$3,967

icon
2 Mar 2018
Vijay Boyapati
$10,969

icon
17 Jun 2017
Wences Casares
$2,554

Showing 13 items