Bitcoin Marketcap
$1.86T
Gold Marketcap
$15.95T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN
making the case for bitcoin every day
SEARCHKEY MARKETS
24hr change
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)
$48.93B
Active Addresses
1.02M
Mining Reward Value (24hr)
$89.8M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
9.60%
BTC Up From Cycle Low
6.15%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
8.60x
-0.38
-4.25%
M2:BTC (marketcap)
11.47x
-0.65
-5.39%
BTC:Oil (price)
1,412x
+58.43
+4.32%
Gold:Oil (price)
37.71x
-0.21
-0.56%
US GOVERNMENT STATS
30-day change
BTC ROI
Bitcoin & Traditional Assets ROI (vs USD)
BTC vs Traditional Assets ROI:
Bitcoin
Gold
S&P 500
1 year:
+123%
+28%
+25%
2 year:
+484%
+46%
+55%
3 year:
+97%
+45%
+26%
4 year:
+317%
+40%
+60%
5 year:
+1,247%
+77%
+83%
6 year:
+2,374%
+109%
+149%
7 year:
+586%
+106%
+120%
8 year:
+10,762%
+132%
+161%
9 year:
+21,441%
+144%
+187%
10 year:
+29,681%
+123%
+184%
11 year:
+14,807%
+117%
+223%
12 year:
+732,975%
+58%
+315%
13 year:
+2.4 million%
+63%
+367%
14 year:
+38 million%
+90%
+371%
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%
$98,242
14
0.24%
$90,000
36
0.62%
$80,000
41
0.70%
$50,000
450
7.72%
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
1 Oct 1996 | | Price when published: (n/a)
Money is Memory
Filed under: 
fundamentals 
articles
This paper argues that the benefits of money to a society are achieved through its function as memory; ie, money's ability to keep track of transactions between economic agents. This paper was written 12 years before the Bitcoin whitepaper was released, but it essentially argues that a perfect ledger of transactions - a perfect memory - could function as an ideal form of money in practice.
Bitcoin uniquely achieves this recordkeeping ability, serving as the only completely trustworthy, transparent ledger of transactions accessible to anyone. Kocherlakota, 12th President of the Minneapolis Federal Reserve, predicted bitcoin's ability to be ideal money a decade before its genesis.
EXCERPT
Others have noted that, as emphasized in this paper, fiat money helps to keep track of past actions. In early work along these lines, Ostroy (1973) discusses the recordkeeping role of money in a model in which static competitive allocations are implemented using decentralized pairwise exchange. Lucas (1980) uses a back-of-the-envelope calculation to argue that money is a much cheaper means of keeping track of past reallocations of resources than other means of recordkeeping. In a random matching model Aiyagari and Wallace (1991) show how money becomes redundant when agents have access to a historical record of all actions take in past matches.
The contribution of this paper over this past work is to emphasize both the singularity and the generality of money's recordkeeping role. I show that the technological benefits of money are completely subsumed by the technological benefits of just one type of technological innovation: memory.
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