Bitcoin Marketcap

$944B

Gold Marketcap

$10.51T

BTC Settlement Volume (24hr)

$13.48B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$50,648  📈

+$1,863

+3.82%


S&P 500

3,876  📉

-22.08

-0.57%


Gold

$1,729  📈

+$11.42

+0.66%


Silver

$26.71  📈

+$0.65

+2.51%


Euro

$1.2088  📈

+$0.01

+0.59%


Yen

¥106.86  📉

-¥0.01

-0.01%


Renminbi (CNY)

¥6.4596   

-¥0.01

-0.21%


Oil (WTI)

$59.96  📈

+$0.14

+0.23%


BITCOIN STATS

Bitcoin Marketcap

$944B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

88.77%


BTC Settlement Volume (24hr)

$13.48B


Real Exchange Volume (24hr)

$7.71B


Active Addresses

1.12M


Mining Reward Value (24hr)

$45.7M


GBTC Premium

-2.06%


MSTR Premium

42.34%


BTC Down From ATH

14.04%


BTC Up From Cycle Low

16.00%


RATES & YIELDS

24hr change

UST 3mo

0.05%  📈

+0.01

+25.00%


UST 2yr

0.14%  📉

-0.03

-17.65%


UST 10yr

1.44%  📉

-0.1

-6.49%


UST 30yr

2.17%  📉

-0.16

-6.87%


Fed Funds (EFFR)

0.07%  📈

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

11.14x   

-0.35

-3.05%


M2:BTC (marketcap)

20.57x   

-0.82

-3.83%


BTC:Oil (price)

844.39x   

+30.12

+3.70%


Gold:Oil (price)

28.83x   

+0.12

+0.43%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.59T  📈

+$185B

+2.50%


M1 Money Supply

$6.81T  📈

+$13.80B

+0.20%


M2 Money Supply

$19.41T  📉

 

-0.68%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+468%

+5%

+26%

2 year:

+1,218%

+34%

+39%

3 year:

+332%

+31%

+44%

4 year:

+3,834%

+41%

+63%

5 year:

+12,230%

+36%

+94%

6 year:

+18,185%

+47%

+86%

7 year:

+7,328%

+29%

+107%

8 year:

+129,533%

+10%

+153%

9 year:

+1,014,339%

+1%

+186%

10 year:

+5,588,090%

+21%

+194%

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

$60,000

0

0

$50,581

6

0.14%

$50,000

6

0.14%

$40,000

25

0.56%

$30,000

60

1.35%

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

Paul Tudor Jones Buys Bitcoin - Says It's Best Inflation Hedge


 

Paul Tudor Jones says he's allocating potential "low single digit percentage" of his flagship BVI macro fund to bitcoin, on the grounds that it's probably the best inflation hedge, and reminds him of gold in the 1970s.

story image


Other macro traders were quick to point out that the signal this sends to the rest of the institutional money world is the real story here:

story image

tldr

Tudor Jones makes four extremely btc-bullish points:

  • Bitcoin reminds him of gold in the 70s
  • Bitcoin is an inflation-hedge in our era of rapidly increasing money printing
  • The best way to play the money-printing theme is long BTC
  • Putting several hundred basis points of his flagship fund into BTC indicates some conviction, and sends a strong signal to other big money managers

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

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