Bitcoin Marketcap

$1.20T

Gold Marketcap

$14.11T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

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KEY MARKETS

24hr change

Bitcoin

$63,580  📉

 

-3.9%


S&P 500

5,036  📉

-27.64

-0.55%


Gold

$2,320  📈

-$0.11

-0%


Silver

$27.22  📉

-$0.02

-0.09%


Euro

$1.0690  📉

-$0

-0.04%


Yen

¥155.50  📈

+¥0.56

+0.36%


Renminbi (CNY)

¥7.2463   

+¥0.00

+0.00%


Oil (WTI)

$82.48  📉

-$0.41

-0.49%


BITCOIN STATS

Bitcoin Marketcap

$1.20T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$29.74B


Active Addresses

1.02M


Mining Reward Value (24hr)

$58.0M


GBTC Premium

263.07%


MSTR Premium

70.25%


BTC Down From ATH

14.22%


BTC Up From Cycle Low

6.06%


RATES & YIELDS

24hr change

UST 3mo

5.45%  📈

+0.03

+0.55%


UST 2yr

4.97%  📈

+0

0%


UST 10yr

4.62%  📈

+0

0%


UST 30yr

4.72%  📈

+0

0%


Fed Funds (EFFR)

5.33%  📈

+0

0%


US 10yr Breakeven Inflation

2.41%  📈

+0

0%


Real Rate (10yr)

2.21%  📈

+0

0%


RATIOS

24hr change

Gold:BTC (marketcap)

11.74x   

+0.46

+4.06%


M2:BTC (marketcap)

17.37x   

+0.74

+4.47%


BTC:Oil (price)

770.33x   

-27.86

-3.49%


Gold:Oil (price)

28.05x   

+0.06

+0.21%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.41T  📉

 

-1.45%


M1 Money Supply

$18.00T  📈

+$53.40B

+0.30%


M2 Money Supply

$20.84T  📈

+$57.60B

+0.28%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+122%

+16%

+24%

2 year:

+63%

+22%

+20%

3 year:

+22%

+30%

+21%

4 year:

+714%

+33%

+78%

5 year:

+1,119%

+81%

+71%

6 year:

+595%

+76%

+88%

7 year:

+4,647%

+83%

+111%

8 year:

+13,779%

+86%

+141%

9 year:

+27,940%

+92%

+139%

10 year:

+14,393%

+78%

+169%

11 year:

+45,261%

+60%

+218%

12 year:

+1.3 million%

+39%

+260%

13 year:

+2.0 million%

+50%

+269%

14 year:

+2.1 billion%

+99%

+321%

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%

$63,580

58

1.04%

$60,000

97

1.74%

$50,000

216

3.86%

$40,000

467

8.35%

$30,000

712

12.74%

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

UBS Imposes Negative Interest Rates on Large Cash Balances


 

Switzerland's largest bank, UBS, announced today that they will begin charging clients with balances in excess of 250,000 Swiss francs (about $280,000) a 0.75% interest rate.


UBS explained why:

It’s becoming increasingly clear that we’ll have to contend with negative interest rates for years to come. That’s why we decided to lower the threshold for deposit fees,” Swiss banking head Axel Lehmann told employees in the memo.

tldr

  • This is a direct consequence of the massive quantity of negative yielding debt issued by global governments
  • There is little sign that this trend will change; global debt levels are too high to sustain higher interest rates
  • This new and probably lasting rate regime is a key driver of investors seeking new places to store wealth, such as 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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