Bitcoin Marketcap

$1.25T

Gold Marketcap

$14.03T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$66,364  πŸ“ˆ

+$242.74

+0.37%


S&P 500

5,005  πŸ“ˆ

+47.67

+0.96%


Gold

$2,307  πŸ“‰

-$49.91

-2.12%


Silver

$26.86  πŸ“‰

-$0.84

-3.05%


Euro

$1.0663  πŸ“ˆ

+$0.00

+0.06%


Yen

Β₯154.80  πŸ“ˆ

+Β₯0.19

+0.12%


Renminbi (CNY)

Β₯7.2459   

+Β₯0.00

+0.03%


Oil (WTI)

$82.07  πŸ“ˆ

+$0.84

+1.03%


BITCOIN STATS

Bitcoin Marketcap

$1.25T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$16.37B


Active Addresses

1.02M


Mining Reward Value (24hr)

$60.7M


GBTC Premium

263.07%


MSTR Premium

70.42%


BTC Down From ATH

10.07%


BTC Up From Cycle Low

11.20%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“‰

-0.01

-0.18%


UST 2yr

4.98%  πŸ“ˆ

+0.05

+1.01%


UST 10yr

4.64%  πŸ“ˆ

+0.05

+1.09%


UST 30yr

4.74%  πŸ“ˆ

+0.03

+0.64%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.41%  πŸ“ˆ

+0

0%


Real Rate (10yr)

2.23%  πŸ“ˆ

+0.05

+2.29%


RATIOS

24hr change

Gold:BTC (marketcap)

11.18x   

-0.28

-2.48%


M2:BTC (marketcap)

16.56x   

-0.04

-0.24%


BTC:Oil (price)

808.63x   

-5.37

-0.66%


Gold:Oil (price)

28.11x   

-0.91

-3.12%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T  πŸ“‰

 

-1.45%


M1 Money Supply

$17.94T  πŸ“‰

 

-0.25%


M2 Money Supply

$20.78T  πŸ“ˆ

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+141%

+16%

+21%

2 year:

+69%

+21%

+17%

3 year:

+31%

+30%

+20%

4 year:

+783%

+32%

+77%

5 year:

+1,196%

+79%

+71%

6 year:

+635%

+74%

+90%

7 year:

+5,168%

+82%

+110%

8 year:

+14,184%

+86%

+140%

9 year:

+29,752%

+93%

+137%

10 year:

+14,687%

+77%

+168%

11 year:

+47,354%

+58%

+216%

12 year:

+1.3 million%

+39%

+259%

13 year:

+3.1 million%

+51%

+269%

14 year:

+2.2 billion%

+97%

+321%

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

$70,000

10

0.18%

$66,364

34

0.61%

$60,000

95

1.70%

$50,000

214

3.83%

$40,000

465

8.32%

$30,000

710

12.71%

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

17 Dec 2002 | Nick Szabo | Price when published: (n/a)

Shelling Out -- The Origins of Money

Filed under: topic icon history  medium icon blogs

Szabo explores the benefits of money to humanity, what problems it solved, and the properties of items that became used as money. He explores this from angles not often seen in standard economics textbooks, starting with the notion of "collectibles" as money, how this rationally solved problems, and evolved into money systems we know today.

Understanding this history makes it clear how well bitcoin fits into the natural evolution of money over the centuries as humanity's core nature doesn't change, but our technology does.

EXCERPT

The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot -- including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics -- they were not merely symbolic or decorative objects.


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29 Dec 2005
Nick Szabo

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