Bitcoin Marketcap
$1.22T
Gold Marketcap
$14.48T
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
$1.22T
BTC Inflation Rate (next 1yr)
1.17%
% Supply Issued
90.03%
BTC Settlement Volume (24hr)
$12.90B
Real Exchange Volume (24hr)
$35.47B
Active Addresses
1.02M
Mining Reward Value (24hr)
$59.3M
GBTC Premium
293.41%
MSTR Premium
64.09%
BTC Down From ATH
12.50%
BTC Up From Cycle Low
8.21%
RATES & YIELDS
24hr change
RATIOS
24hr change
Gold:BTC (marketcap)
11.86x
-0.57
-4.6%
M2:BTC (marketcap)
17.03x
-0.78
-4.4%
BTC:Oil (price)
786.92x
+28.86
+3.81%
Gold:Oil (price)
29.02x
-0.28
-0.94%
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:
+127%
+19%
+21%
2 year:
+58%
+25%
+13%
3 year:
+17%
+33%
+20%
4 year:
+826%
+40%
+77%
5 year:
+1,120%
+86%
+72%
6 year:
+632%
+77%
+87%
7 year:
+5,126%
+85%
+111%
8 year:
+14,306%
+92%
+139%
9 year:
+27,465%
+100%
+137%
10 year:
+13,056%
+85%
+167%
11 year:
+47,873%
+68%
+221%
12 year:
+1.3 million%
+45%
+264%
13 year:
+3.8 million%
+58%
+275%
14 year:
+2.2 billion%
+107%
+312%
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
10
0.18%
$64,558
43
0.77%
$60,000
91
1.63%
$50,000
210
3.76%
$40,000
461
8.26%
$30,000
706
12.64%
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
Powell Sees Bitcoin as a Substitute for Gold, Not the Dollar
US Federal Reserve Chairman Jerome Powell spoke at an event held by the Bank of International Settlements today. He offered some brief thoughts on bitcoin and crypto-assets generally:
cryptoassets - they're highly volatile - see bitcoin - and therefore not really useful as a store of value, and they're not backed by anything. They're more of an asset for speculation. So they're also not particularly in use as a means of payment; it's more a speculative asset that's essentially a substitute for gold rather than for the dollar. And I think with cryptoassets, the public needs to understand the risks. The principle thing is, there's the volatility, there's also the outsized energy requirements for mining, and the fact that they're not backed by anything.
Chairman Powell's remarks echo previous statements made in 2019 where he described bitcoin as a gold-like "speculative store of value".
tldr