Bitcoin Marketcap

$1.33T

Gold Marketcap

$13.57T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$70,476  📉

-$389.21

-0.55%


S&P 500

5,239  📉

-2

-0.04%


Gold

$2,232  📈

+$22.46

+1.02%


Silver

$24.98  📈

+$0.45

+1.82%


Euro

$1.0803  📉

-$0

-0.04%


Yen

¥151.25  📉

-¥0.07

-0.05%


Renminbi (CNY)

¥7.2197   

-¥0.01

-0.12%


Oil (WTI)

$83.12  📈

+$0.61

+0.74%


BITCOIN STATS

Bitcoin Marketcap

$1.33T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$26.02B


Active Addresses

1.02M


Mining Reward Value (24hr)

$64.3M


GBTC Premium

257.43%


MSTR Premium

104.51%


BTC Down From ATH

4.68%


BTC Up From Cycle Low

15.57%


RATES & YIELDS

24hr change

UST 3mo

5.45%  📉

-0.01

-0.18%


UST 2yr

4.56%  📈

+0.02

+0.44%


UST 10yr

4.24%  📉

-0.01

-0.24%


UST 30yr

4.40%  📉

-0.02

-0.45%


Fed Funds (EFFR)

5.33%  📈

+0

0%


US 10yr Breakeven Inflation

2.32%  📈

+0

0%


Real Rate (10yr)

1.92%  📉

-0.01

-0.52%


RATIOS

24hr change

Gold:BTC (marketcap)

10.18x   

+0.16

+1.64%


M2:BTC (marketcap)

15.60x   

+0.10

+0.63%


BTC:Oil (price)

847.88x   

-11.53

-1.34%


Gold:Oil (price)

26.85x   

+0.09

+0.35%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.48T  📉

 

-1.1%


M1 Money Supply

$17.94T  📉

 

-0.25%


M2 Money Supply

$20.78T  📈

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+150%

+13%

+28%

2 year:

+49%

+17%

+14%

3 year:

+20%

+31%

+32%

4 year:

+1,046%

+35%

+102%

5 year:

+1,614%

+72%

+85%

6 year:

+923%

+69%

+99%

7 year:

+6,438%

+79%

+122%

8 year:

+16,847%

+82%

+154%

9 year:

+28,616%

+87%

+154%

10 year:

+15,248%

+74%

+177%

11 year:

+71,379%

+41%

+234%

12 year:

+1.4 million%

+33%

+273%

13 year:

+9.0 million%

+56%

+294%

14 year:

+2.3 billion%

+98%

+343%

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

$80,000

0

0

$70,475

5

0.09%

$70,000

6

0.11%

$60,000

70

1.26%

$50,000

189

3.40%

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

Former CIA Director Finds Bitcoin's Use in Illicit Finance to be Minimal


 

Former CIA Acting Director, Michael Morell, authored a report recently that looked into Bitcoin's use in illicit finance. In short, he found that illicit use of Bitcoin is far less than many people assume, and probably even a significantly smaller share of the bitcoin-economy than illicit use of dollars are vs global GDP.


The report states:

Based on our research and discussions with industry experts, I have confidence in two conclusions: • The broad generalizations about the use of Bitcoin in illicit finance are significantly overstated. • The blockchain ledger on which Bitcoin transactions are recorded is an underutilized forensic tool that can be used more widely by law enforcement and the intelligence community to identify and disrupt illicit activities. Put simply, blockchain analysis is a highly effective crime fighting and intelligence gathering tool.

and:

According to a recent study by blockchain analytics firm Chainalysis, illicit activity among all cryptocurrencies as a percent of total cryptocurrency activity from 2017 to 2020 was less than 1 percent. For Bitcoin specifically, blockchain analytics firm CipherTrace estimates that illicit activity makes up less than 0.5 percent of total transaction volume. ... All of this together suggests a broader point—that the illicit use of cryptocurrencies in general and Bitcoin in particular, as a share of total market activity, is certainly not higher than it is in the traditional banking system and is most likely less. The project was sponsored by a group of leading cryptocurrency innovators and investors. The terms of the engagement were that I would “call it as I see it,” with objectivity and transparency, just as I had done throughout my career as an intelligence analyst.

Mr Morell notes in the report that: "The project was sponsored by a group [link] of leading cryptocurrency innovators and investors. The terms of the engagement were that I would “call it as I see it,” with objectivity and transparency, just as I had done throughout my career as an intelligence analyst.", and further lists an extensive set of sources from a diverse and high-level group of both industry experts, and senior experts in government, regulatory bodies, and the intelligence community.

tldr

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. 🚀