Bitcoin Marketcap

$521B

Gold Marketcap

$12.03T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.74%

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KEY MARKETS

24hr change

Bitcoin

$27,560  📉

-$684.43

-2.42%


S&P 500

3,967  📈

+17.93

+0.45%


Gold

$1,978  📉

-$13.97

-0.7%


Silver

$23.22  📈

+$0.10

+0.43%


Euro

$1.0782  📉

-$0.01

-0.47%


Yen

¥130.75  📈

+¥0.58

+0.44%


Renminbi (CNY)

¥6.8680   

+¥0.02

+0.34%


Oil (WTI)

$69.22  📉

-$0.59

-0.85%


BITCOIN STATS

Bitcoin Marketcap

$521B


BTC Inflation Rate (next 1yr)

1.74%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$5.41B


Active Addresses

1.02M


Mining Reward Value (24hr)

$25.2M


GBTC Premium

-2.25%


MSTR Premium

-4.85%


BTC Down From ATH

59.91%


BTC Up From Cycle Low

101.16%


RATES & YIELDS

24hr change

UST 3mo

4.73%  📉

-0.06

-1.25%


UST 2yr

3.76%  📉

-0.2

-5.05%


UST 10yr

3.38%  📉

-0.1

-2.87%


UST 30yr

3.66%  📉

-0.02

-0.54%


Fed Funds (EFFR)

4.83%  📈

+0.25

+5.46%


US 10yr Breakeven Inflation

2.19%  📉

-0.09

-3.95%


Real Rate (10yr)

1.19%  📉

-0.01

-0.83%


RATIOS

24hr change

Gold:BTC (marketcap)

23.08x   

+0.41

+1.79%


M2:BTC (marketcap)

40.82x   

+0.99

+2.49%


BTC:Oil (price)

398.16x   

-6.45

-1.59%


Gold:Oil (price)

28.58x   

+0.04

+0.15%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$8.73T  📈

+$349B

+4.16%


M1 Money Supply

$19.64T  📉

 

-0.23%


M2 Money Supply

$21.27T  📈

+$59.70B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

-38%

+1%

-12%

2 year:

-47%

+14%

+0.53%

3 year:

+308%

+20%

+55%

4 year:

+604%

+51%

+41%

5 year:

+246%

+47%

+50%

6 year:

+2,656%

+58%

+70%

7 year:

+6,518%

+62%

+95%

8 year:

+10,915%

+65%

+91%

9 year:

+5,516%

+53%

+114%

10 year:

+32,828%

+23%

+154%

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

327

6.30%

$30,000

497

9.57%

$27,560

525

10.11%

$20,000

696

13.40%

$10,000

1112

21.41%

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

Fed Sets Up For Inflation Over Target


CNBC   -  2 years ago

 

The Fed has been laying the ground-work recently to try and run inflation higher than their official 2% target, in order to "make up" for inflation being lower than target for much of the past decade.

story image

tldr

  • Given US debt levels, QE indefinitely is likely a requirement for keeping rates low enough to pay treasury holders.
  • The Fed probably assumes this will likely create CPI inflation in addition to money supply inflation, and is therefore setting the stage for running higher than target CPI numbers.
  • Naturally this is bullish for inflation-hedge assets such as bitcoin, gold, and probably stocks as well.

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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