Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
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
$1.15T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$27.95B
Active Addresses
1.02M
Mining Reward Value (24hr)
$55.5M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
17.70%
BTC Up From Cycle Low
22.83%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
14.10x
+0.05
+0.37%
M2:BTC (marketcap)
18.47x
+0.03
+0.16%
BTC:Oil (price)
821.29x
-43
-4.98%
Gold:Oil (price)
36.00x
-1.73
-4.57%
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:
+120%
+46%
+34%
2 year:
+204%
+55%
+51%
3 year:
+21%
+51%
+32%
4 year:
+472%
+39%
+70%
5 year:
+659%
+76%
+93%
6 year:
+825%
+121%
+97%
7 year:
+1,324%
+109%
+123%
8 year:
+9,864%
+111%
+163%
9 year:
+24,654%
+132%
+186%
10 year:
+18,205%
+120%
+189%
11 year:
+49,732%
+102%
+237%
12 year:
+497,481%
+49%
+290%
13 year:
+1.5 million%
+62%
+390%
14 year:
+93 million%
+98%
+390%
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
15
0.26%
$60,636
194
3.37%
$60,000
206
3.58%
$50,000
371
6.45%
$40,000
622
10.81%
$30,000
867
15.07%
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
Fidelity, Citi, and Goldman Sachs Give Bitcoin a Boost
Fidelity, Citi, and Goldman Sachs all made bitcoin headlines today, with Fidelity and Citi releasing extensive (and positive) reports on bitcoin, and Goldman Sachs announcing the restart of their bitcoin trading desk.
Fidelity's Director of Global Macro, Jurrien Timmer, tweeted that bitcoin "could be treated as a form of digital gold…a possible counterweight to future monetary inflation:"
Mr Timmer also linked to a paper of his hosted on Fidelity Institutional, which suggests that bitcoin may be an appropriate replacement for some part "of the bond side of a 60/40 portfolio."
Next, Citi GPS released a 108 page report titled "Bitcoin At the Tipping Point". The report's intro notes:
In a search for yield and alternative assets, investors are drawn to Bitcoin's inflation hedging properties and it is recognized as a source of 'digital gold' due to its finite supply. ... Where could Bitcoin be in another seven or so years? The report notes the advantage of Bitcoin in global payments, including its decentralized design, lack of foreign exchange exposure, fast (and potentially cheaper) money movements, secure payment channels, and traceability. These attributes combined with Bitcoin's global reach and neutrality could spur it to become the currency of choice for international trade.
Finally, Reuters is reporting that Goldman Sachs has restarted their cryptocurrency trading desk, beginning with various bitcoin instruments. Reuters notes the bank is also exploring related bitcoin services:
the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital asset custody, the source said.
tldr