Bitcoin Marketcap
$1.19T
Gold Marketcap
$14.22T
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
$1.19T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$14.14B
Active Addresses
1.02M
Mining Reward Value (24hr)
$57.8M
GBTC Premium
263.07%
MSTR Premium
72.98%
BTC Down From ATH
14.25%
BTC Up From Cycle Low
6.03%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
11.91x
+0.17
+1.44%
M2:BTC (marketcap)
17.44x
+0.22
+1.30%
BTC:Oil (price)
754.80x
-10.98
-1.43%
Gold:Oil (price)
27.95x
-0.01
-0.04%
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:
+116%
+18%
+22%
2 year:
+62%
+23%
+20%
3 year:
+17%
+31%
+22%
4 year:
+666%
+36%
+74%
5 year:
+1,129%
+82%
+73%
6 year:
+579%
+77%
+90%
7 year:
+4,649%
+85%
+113%
8 year:
+13,912%
+83%
+146%
9 year:
+27,326%
+96%
+143%
10 year:
+13,820%
+82%
+170%
11 year:
+44,818%
+60%
+219%
12 year:
+1.3 million%
+41%
+263%
13 year:
+2.0 million%
+50%
+273%
14 year:
+2.1 billion%
+99%
+326%
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%
$63,139
67
1.20%
$60,000
99
1.77%
$50,000
218
3.90%
$40,000
469
8.39%
$30,000
714
12.77%
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
15 Dec 2020 | | Price when published: $19,362 (ROI since: +226%)
Stone Ridge 2020 Shareholder Letter
Filed under: 
fundamentals 
reports
This letter articulates Stone Ridge's bitcoin thesis through 1st-principles arguments; a tour of money, monetary history, and our present moment in the US. It describes the firm's founder's "aha moments" pertaining to bitcoin, and how the firm is approaching the investment.
Sometimes shareholder letters are great reads, and this is one of those times.
EXCERPT
Acknowledging, with profound humility, that we are only one firm, a major goal of our Bitcoin-focused affiliate is to help America avoid missing the Bitcoin turn.
...
I study Bitcoin standing on the shoulders of giants, pioneers who have come before me and blazed the trail. There have been dozens of moments in my past eight years of morning study when I had to put the book down, or pause the podcast, sitting in stunned silence for a while, after reading or hearing something that I knew immediately would change my worldview forever.
...
Bitcoin may also represent the biggest catalyst the world has ever known for developing abundant, clean, cheap energy. And, therefore, one of biggest catalysts in the world for human flourishing.
...
In a world replete with monetary unfairness, injustice, the institutionalization of moral hazard, and the State’s increasing domestication of our individuality, Bitcoin’s incorruptible fairness, justice, truth, and beauty represent a beacon for all optimists who seek personal sovereignty, personal improvement, and peace
Read in Full
What do you think of this piece?