Bitcoin Marketcap
$1.84T
Gold Marketcap
$16.23T
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
$1.84T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$48.52B
Active Addresses
1.02M
Mining Reward Value (24hr)
$88.6M
GBTC Premium
200.86%
MSTR Premium
-80.49%
BTC Down From ATH
-0.61%
BTC Up From Cycle Low
2.71%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
8.82x
-0.24
-2.68%
M2:BTC (marketcap)
11.54x
-0.48
-4.01%
BTC:Oil (price)
1,397x
+55.54
+4.14%
Gold:Oil (price)
38.36x
+0.51
+1.35%
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:
+160%
+34%
+30%
2 year:
+507%
+53%
+47%
3 year:
+69%
+48%
+26%
4 year:
+428%
+43%
+65%
5 year:
+1,263%
+82%
+89%
6 year:
+2,304%
+118%
+124%
7 year:
+1,096%
+107%
+127%
8 year:
+12,932%
+126%
+167%
9 year:
+29,808%
+149%
+183%
10 year:
+26,023%
+122%
+186%
11 year:
+11,852%
+115%
+228%
12 year:
+782,654%
+54%
+322%
13 year:
+3.9 million%
+58%
+410%
14 year:
+34 million%
+94%
+396%
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
$100,000
0
0
$97,328
0
0
$90,000
6
0.10%
$80,000
11
0.19%
$50,000
420
7.24%
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
Grayscale Says They Are 'Committed' To Turning GBTC Into an ETF
Grayscale Investments - the manager of the Bitcoin Investment Trust, which trades as GBTC on US markets - today announced their intention to ultimately turn GBTC into a proper Bitcoin ETF.
They said:
Today, we remain committed to converting GBTC into an ETF although the timing will be driven by the regulatory environment. When GBTC converts to an ETF, shareholders of publicly-traded GBTC shares will not need to take action and the management fee will be reduced accordingly.
The GBTC product in its current form is not a traditional ETF. It is a closed-end fund with no redemption mechanism for the underlying BTC; thus fluid two-sided arbitrage cannot be done. This has caused GBTC to trade at a significant premium (at times in excess of 100%) to spot BTC throughout most of its life. In recent weeks, though, the premium has gone negative as GBTC both faces more competition as a publicly-listed instrument for BTC exposure (see $MSTR, $BTCC), and big-pocket firms participating in a carry-trade of sorts to bring the premium down.
Grayscale's statement of intent to covert to an ETF when the "regulatory environment" is right is not surprising; given that the underlying Trust and GBTC product, as currently formed, may lose competitive advantage if and when the SEC (finally) approves proper Bitcoin ETF products.
tldr