Bitcoin Marketcap

$573B

Gold Marketcap

$11.29T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.76%

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KEY MARKETS

24hr change

Bitcoin

$30,298  📈

+$780.63

+2.64%


S&P 500

3,903  📉

-0.6

-0.02%


Gold

$1,857  📈

+$5.64

+0.30%


Silver

$22.12  📈

+$0.38

+1.76%


Euro

$1.0605  📈

+$0.00

+0.40%


Yen

¥127.65  📉

-¥0.28

-0.22%


Renminbi (CNY)

¥6.6666   

-¥0.03

-0.4%


Oil (WTI)

$111.13  📈

+$0.81

+0.73%


BITCOIN STATS

Bitcoin Marketcap

$573B


BTC Inflation Rate (next 1yr)

1.76%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$2.84B


Active Addresses

1.02M


Mining Reward Value (24hr)

$27.8M


GBTC Premium

-32.99%


MSTR Premium

-29.78%


BTC Down From ATH

55.89%


BTC Up From Cycle Low

17.30%


RATES & YIELDS

24hr change

UST 3mo

1.05%  📈

+0.02

+1.94%


UST 2yr

2.68%  📉

-0.03

-1.11%


UST 10yr

2.88%  📉

-0.1

-3.36%


UST 30yr

3.06%  📉

-0.11

-3.47%


Fed Funds (EFFR)

0.83%  📈

+0

0%


US 10yr Breakeven Inflation

2.55%  📉

-0.04

-1.54%


Real Rate (10yr)

0.33%  📈

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

19.72x   

-0.48

-2.38%


M2:BTC (marketcap)

38.07x   

-1.06

-2.71%


BTC:Oil (price)

272.64x   

+5.40

+2.02%


Gold:Oil (price)

16.71x   

-0.08

-0.46%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.95T  📉

 

-0.22%


M1 Money Supply

$20.71T  📈

+$15.90B

+0.08%


M2 Money Supply

$21.81T  📉

 

-0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

-18%

-2%

-7%

2 year:

+239%

+7%

+32%

3 year:

+282%

+45%

+38%

4 year:

+304%

+43%

+43%

5 year:

+1,189%

+47%

+62%

6 year:

+6,760%

+50%

+89%

7 year:

+12,823%

+55%

+85%

8 year:

+5,168%

+45%

+105%

9 year:

+23,397%

+34%

+137%

10 year:

+592,549%

+18%

+194%

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

$40,000

328

6.71%

$30,274

488

9.99%

$30,000

491

10.05%

$20,000

516

10.56%

$10,000

821

16.80%

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

sharpe 5yr

DOUBLING TIME

doubling time

Bank of Japan Now Largest Equities Holder


Bloomberg   -  Last year

 

Bloomberg reports that the Bank of Japan is now the largest holder of Japanese equities, with over $400B in holdings:

story image

tldr

  • Japan has been on this path for a long time, but this is another milestone in the Bank of Japan's monetization efforts
  • Japan has been filling a debt-hole for 30yrs, with debt-to-gdp levels now at ~250%, and relying on the central bank to do it
  • The US's debt-to-gdp is now 127%, roughly where Japan was 15yrs ago.
  • Many believe the US central bank will be forced to follow the BoJ's lead in inflating debt away through core money supply growth, creating an ever more clear contrast to scarce monies like gold and bitcoin.

Submitted by: Arthur Burns

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THE INVESTMENT CASE FOR BITCOIN

All you need to read to understand the investment case for bitcoin.

Bitcoin reminds me of gold when I first got into the business in 1976

- Paul Tudor Jones, Hedge Fund Manager

Frankly, if the gold bet works, the bitcoin bet will probably work better

- Stanley Druckenmiller - hedge fund manager

Bitcoin is a technological tour de force

- Bill Gates, Founder - Microsoft

[people] use [bitcoin] more as an alternative to gold. It’s a speculative store of value.

- Jerome Powell, Federal Reserve Chairman

There are 3 eras of currency: commodity based, politically based, and now, math based.

- Chris Dixon - Tech Investor, A16Z

Bitcoin may be the TCP/IP of money.

- Paul Buchheit - Gmail Creator

If they become widely accepted, virtual currencies could have a substitution effect on central bank money.

- European Central Bank - 2012

Bitcoin is Gold 2.0, a huge, huge deal.

- Chamath Palihapitiya - Founder & CEO Social Capital

I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it

- Bill Miller - Former Chainman & CIO, Legg Mason Capital

Bitcoin is money, everything else is credit.

- JP Morgan - 1912

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