Bitcoin Marketcap
$1.61T
Gold Marketcap
$18.93T
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
$1.61T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$16.99B
Active Addresses
1.02M
Mining Reward Value (24hr)
$78.0M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
21.83%
BTC Up From Cycle Low
11.27%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
11.75x
-0.46
-3.73%
M2:BTC (marketcap)
13.45x
-0.47
-3.36%
BTC:Oil (price)
1,196x
+43.25
+3.75%
Gold:Oil (price)
43.70x
-0.05
-0.12%
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:
+21%
+38%
+8%
2 year:
+201%
+58%
+36%
3 year:
+84%
+64%
+23%
4 year:
+45%
+79%
+40%
5 year:
+1,159%
+90%
+125%
6 year:
+1,627%
+140%
+95%
7 year:
+1,076%
+133%
+115%
8 year:
+7,577%
+148%
+138%
9 year:
+20,256%
+155%
+172%
10 year:
+33,480%
+159%
+172%
11 year:
+18,790%
+140%
+203%
12 year:
+64,019%
+99%
+261%
13 year:
+1.7 million%
+91%
+302%
14 year:
+11 million%
+116%
+322%
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
$90,000
91
1.53%
$85,269
108
1.82%
$80,000
128
2.16%
$70,000
151
2.55%
$60,000
373
6.29%
$50,000
538
9.07%
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 Says Over 25% of Big Institutions Own Bitcoin
Fidelity surveyed 774 "large institutional investors" and found that over 25% reported that they hold bitcoin.
Tom Jessop, President of Fidelity Digital Assets, noted: “Europe is perhaps more supportive and accommodating.....[that could] be just things going on in Europe right now, you got negative interest rates in many countries. Bitcoin may look more attractive because there are other assets that aren’t paying return.”
tldr
We would like to see how the survey was constructed, as these numbers seem high. While it's clear institutional involvement has been accelerating, we are very surprised to see 25% ownership of bitcoin. In any event, the report indicates further legitimization for institutional ownership of bitcoin following Paul Tudor Jones' bullish macro letter identifying bitcoin as the best way to play coming inflationary macro pressures.