Bitcoin Marketcap

$840B

Gold Marketcap

$11.38T

BTC Settlement Volume (24hr)

$11.23B

BTC Inflation Rate (next 1yr)

1.80%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$44,947  📈

+$498.23

+1.12%


S&P 500

4,164  📉

-12.12

-0.29%


Gold

$1,871  📈

+$23.88

+1.29%


Silver

$28.52  📈

+$0.95

+3.43%


Euro

$1.2158  📈

+$0.00

+0.19%


Yen

¥109.22  📉

-¥0.14

-0.13%


Renminbi (CNY)

¥6.4392   

+¥0.00

+0.03%


Oil (WTI)

$66.46  📈

+$0.85

+1.30%


BITCOIN STATS

Bitcoin Marketcap

$840B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

89.10%


BTC Settlement Volume (24hr)

$11.23B


Real Exchange Volume (24hr)

$24.22B


Active Addresses

971,649


Mining Reward Value (24hr)

$40.9M


GBTC Premium

-14.47%


MSTR Premium

-0.60%


BTC Down From ATH

30.73%


BTC Up From Cycle Low

4.91%


RATES & YIELDS

24hr change

UST 3mo

0.01%  📉

-0.01

-50%


UST 2yr

0.16%  📈

+0

0%


UST 10yr

1.66%  📉

-0.03

-1.78%


UST 30yr

2.39%  📉

-0.01

-0.42%


Fed Funds (EFFR)

0.06%  📈

+0

0%


US 10yr Breakeven Inflation

2.51%  📈

+0

0%


Real Rate (10yr)

-0.85%  📈

-0.03

-3.66%


RATIOS

24hr change

Gold:BTC (marketcap)

13.53x   

+0.07

+0.48%


M2:BTC (marketcap)

23.70x   

-0.07

-0.29%


BTC:Oil (price)

675.89x   

-4.64

-0.68%


Gold:Oil (price)

28.16x   

+0.01

+0.04%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.83T  📈

+$37.56B

+0.48%


M1 Money Supply

$18.68T  📈

+$271B

+1.47%


M2 Money Supply

$19.90T  📈

+$481B

+2.48%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+364%

+8%

+42%

2 year:

+483%

+46%

+47%

3 year:

+447%

+45%

+53%

4 year:

+2,170%

+50%

+74%

5 year:

+10,044%

+49%

+103%

6 year:

+19,264%

+55%

+96%

7 year:

+9,512%

+45%

+121%

8 year:

+38,394%

+35%

+150%

9 year:

+883,642%

+18%

+220%

10 year:

+754,794%

+24%

+214%

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

$50,000

73

1.62%

$44,947

97

2.15%

$40,000

101

2.24%

$30,000

136

3.01%

$20,000

153

3.39%

$10,000

458

10.14%

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

Bitcoin Mining and Renewable Grid Energy


 

Square Crypto and ARK Invest released a report last week evaluating the potential for bitcoin mining to spur deployment of solar and other renewables across the global energy grid. The analysis suggests that bitcoin mining can have a substantial net-positive environmental impact:

story image

The key observation is that solar and wind are intermittent power sources, and therefore more difficult to profitably deploy at utility scale, since energy generation must always be matched with energy demand at that moment. But bitcoin mining can act as an 'energy buyer of last resort', allowing utilities to 'over build' solar and wind, and simply channel that energy into bitcoin mining when the rest of the grid is not demanding it. See the report for further detail.

tldr

  • Critics assail bitcoin for its energy use, without understanding that the net-positive impact bitcoin can have on power grids and CO2 emissions
  • Deployment of bitcoin mining capacity across the energy grid would make a 51% attack on bitcoin dramatically more difficult than it already is
  • This deployment would also turn bitcoin into key infrastructure, further discrediting the notion that governments will ultimately ban bitcoin
  • Bitcoin mining is also currently being deployed to monetize otherwise flared natural gas - a far cleaner alternative to burning it

Are we missing a recent story that makes the case for bitcoin?

Tell us about it!


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

MOST RECENTLY ADDED

We're adding to the library constantly. These are the newest additions.

MOST HELPFUL

Some pieces really crystalize the case for bitcoin. These are the highest rated from the CaseBitcoin community. 👍

MOST BULLISH

Rated by the CaseBitcoin community as most likely to make you feel bullish. 🚀