Bitcoin Marketcap

$1.74T

Gold Marketcap

$15.79T

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

$91,793  πŸ“‰

 

-2.18%


S&P 500

5,890  πŸ“‰

-64.85

-1.09%


Gold

$2,597  πŸ“‰

-$22.93

-0.88%


Silver

$28.89  πŸ“‰

-$0.5

-1.69%


Euro

$1.0386  πŸ“‰

-$0

-0.41%


Yen

Β₯157.13  πŸ“‰

-Β₯0.69

-0.44%


Renminbi (CNY)

Β₯7.2993   

+Β₯0.00

+0.01%


Oil (WTI)

$71.27  πŸ“ˆ

+$1.00

+1.42%


BITCOIN STATS

Bitcoin Marketcap

$1.74T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$27.97B


Active Addresses

1.02M


Mining Reward Value (24hr)

$84.1M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

15.19%


BTC Up From Cycle Low

0.52%


RATES & YIELDS

24hr change

UST 3mo

4.35%  πŸ“‰

-0.05

-1.14%


UST 2yr

4.30%  πŸ“ˆ

+0.01

+0.23%


UST 10yr

4.58%  πŸ“‰

-0.01

-0.22%


UST 30yr

4.76%  πŸ“ˆ

+0

0%


Fed Funds (EFFR)

4.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.34%  πŸ“‰

-0.01

-0.43%


Real Rate (10yr)

2.24%  πŸ“‰

-0.01

-0.44%


RATIOS

24hr change

Gold:BTC (marketcap)

9.11x   

+0.13

+1.46%


M2:BTC (marketcap)

12.36x   

+0.27

+2.21%


BTC:Oil (price)

1,286x   

-48.71

-3.65%


Gold:Oil (price)

36.45x   

-0.84

-2.26%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$6.89T  πŸ“‰

 

-0.28%


M1 Money Supply

$18.37T  πŸ“ˆ

+$128B

+0.70%


M2 Money Supply

$21.45T  πŸ“ˆ

+$136B

+0.64%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+112%

+26%

+24%

2 year:

+429%

+43%

+54%

3 year:

+97%

+42%

+23%

4 year:

+215%

+37%

+57%

5 year:

+1,200%

+71%

+83%

6 year:

+2,284%

+103%

+136%

7 year:

+552%

+98%

+119%

8 year:

+9,038%

+126%

+161%

9 year:

+21,166%

+145%

+187%

10 year:

+30,569%

+119%

+186%

11 year:

+11,468%

+111%

+221%

12 year:

+688,033%

+55%

+302%

13 year:

+1.8 million%

+62%

+360%

14 year:

+31 million%

+83%

+365%

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%

$91,683

41

0.70%

$90,000

45

0.77%

$80,000

50

0.86%

$50,000

459

7.86%

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

22 Mar 2019 | PlanB | Price when published: $4,002 (ROI since: +2,194%)

Modeling Bitcoin Value with Scarcity

Filed under: topic icon valuation  medium icon blogs

PlanB quantifies bitcoin's stock-to-flow ("s2f") ratio, and compares it to precious metals. He finds a strong relationship between s2f and price, and uses this model to predict bitcoin's future trading ranges.

EXCERPT

Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.

Surely this digital scarcity has value. But how much? In this article I quantify scarcity using stock-to-flow, and use stock-to-flow to model bitcoin’s value.

A statistically significant relationship between stock-to-flow and market value exists. The likelihood that the relationship between stock-to-flow and market value is caused by chance is close to zero.


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