Bitcoin Marketcap

$1.15T

Gold Marketcap

$16.15T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$60,756  📈

+$224.22

+0.37%


S&P 500

5,687  📉

-10.42

-0.18%


Gold

$2,657  📉

-$2.46

-0.09%


Silver

$32.09  📈

+$0.33

+1.03%


Euro

$1.1029  📉

-$0

-0.16%


Yen

¥146.78  📈

+¥0.31

+0.21%


Renminbi (CNY)

¥7.0454   

+¥0.01

+0.10%


Oil (WTI)

$73.87  📈

+$2.90

+4.09%


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)

$25.63B


Active Addresses

1.02M


Mining Reward Value (24hr)

$55.8M


GBTC Premium

200.86%


MSTR Premium

-80.49%


BTC Down From ATH

17.42%


BTC Up From Cycle Low

23.24%


RATES & YIELDS

24hr change

UST 3mo

4.71%  📉

-0.02

-0.42%


UST 2yr

3.61%  📉

-0.05

-1.37%


UST 10yr

3.74%  📉

-0.07

-1.84%


UST 30yr

4.08%  📉

-0.06

-1.45%


Fed Funds (EFFR)

4.83%  📈

+0

0%


US 10yr Breakeven Inflation

2.21%  📈

+0.02

+0.91%


Real Rate (10yr)

1.53%  📉

-0.09

-5.56%


RATIOS

24hr change

Gold:BTC (marketcap)

14.06x   

-0.1

-0.7%


M2:BTC (marketcap)

18.41x   

-0.15

-0.82%


BTC:Oil (price)

822.47x   

-28.44

-3.34%


Gold:Oil (price)

35.97x   

-1.5

-4%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.08T  📉

 

-0.61%


M1 Money Supply

$18.12T  📈

+$64.20B

+0.36%


M2 Money Supply

$21.17T  📈

+$121B

+0.57%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+121%

+46%

+34%

2 year:

+205%

+55%

+51%

3 year:

+21%

+51%

+32%

4 year:

+474%

+39%

+70%

5 year:

+663%

+76%

+93%

6 year:

+828%

+121%

+97%

7 year:

+1,328%

+109%

+123%

8 year:

+9,896%

+111%

+163%

9 year:

+24,734%

+132%

+186%

10 year:

+18,301%

+120%

+189%

11 year:

+49,903%

+102%

+237%

12 year:

+499,197%

+49%

+289%

13 year:

+1.5 million%

+62%

+390%

14 year:

+94 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%

$60,755

190

3.30%

$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

sharpe 5yr

DOUBLING TIME

doubling time

Microstrategy Upsizes Bitcoin-Earmarked Debt Offering by 30-60%


MicroStrategy   -  4 years ago

 

MicroStrategy is upsizing their prior $400mm convertible debt-offering, which is earmarked for BTC purchases, by $150mm-$250mm. The offering is now $550mm, with an additional $100mm follow-on option, and is expected to close private-placement Dec 11th. The notes mature in 2025, and may be converted to equity (at a 37.5% premium to current $MSTR price) at the company's election.

tldr

  • The quick upsize of the offering, from merely two days ago, implies strong investor interest
  • This adds yet more fuel to the fire in terms of $MSTR becoming a defacto bitcoin vehicle on public markets, and with that, speculation regarding how the SEC may view the situation.

Submitted by: Paul Volcker

Are we missing a recent story that makes the case for bitcoin?

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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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