Bitcoin Marketcap

$1.17T

Gold Marketcap

$14.40T

BTC Settlement Volume (24hr)

$12.90B

BTC Inflation Rate (next 1yr)

1.17%

logo CASEBITCOIN making the case for bitcoin every day

KEY MARKETS

24hr change

Bitcoin

$61,831  πŸ“‰

 

-3.84%


S&P 500

5,013  πŸ“‰

-29.44

-0.58%


Gold

$2,369  πŸ“‰

-$15.48

-0.65%


Silver

$28.28  πŸ“ˆ

+$0.12

+0.43%


Euro

$1.0670  πŸ“ˆ

+$0.00

+0.40%


Yen

Β₯154.25  πŸ“‰

-Β₯0.4

-0.26%


Renminbi (CNY)

Β₯7.2384   

+Β₯0.00

+0.03%


Oil (WTI)

$82.50  πŸ“‰

-$2.45

-2.88%


BITCOIN STATS

Bitcoin Marketcap

$1.17T


BTC Inflation Rate (next 1yr)

1.17%


% Supply Issued

90.03%


BTC Settlement Volume (24hr)

$12.90B


Real Exchange Volume (24hr)

$29.10B


Active Addresses

1.02M


Mining Reward Value (24hr)

$56.3M


GBTC Premium

293.41%


MSTR Premium

68.58%


BTC Down From ATH

16.18%


BTC Up From Cycle Low

1.61%


RATES & YIELDS

24hr change

UST 3mo

5.45%  πŸ“ˆ

+0

0%


UST 2yr

4.93%  πŸ“ˆ

+0.05

+1.02%


UST 10yr

4.63%  πŸ“ˆ

+0.13

+2.89%


UST 30yr

4.74%  πŸ“ˆ

+0.13

+2.82%


Fed Funds (EFFR)

5.33%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.43%  πŸ“ˆ

+0

0%


Real Rate (10yr)

2.20%  πŸ“ˆ

+0.13

+6.28%


RATIOS

24hr change

Gold:BTC (marketcap)

12.32x   

+0.38

+3.20%


M2:BTC (marketcap)

17.77x   

+0.66

+3.88%


BTC:Oil (price)

749.74x   

-6.62

-0.87%


Gold:Oil (price)

28.71x   

+0.64

+2.27%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.44T  πŸ“‰

 

-1.38%


M1 Money Supply

$17.94T  πŸ“‰

 

-0.25%


M2 Money Supply

$20.78T  πŸ“ˆ

+$1.80B

+0.01%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+112%

+18%

+21%

2 year:

+48%

+21%

+13%

3 year:

+10%

+34%

+21%

4 year:

+779%

+40%

+77%

5 year:

+1,060%

+86%

+73%

6 year:

+617%

+77%

+88%

7 year:

+4,942%

+84%

+113%

8 year:

+13,682%

+90%

+139%

9 year:

+26,071%

+98%

+139%

10 year:

+12,278%

+84%

+167%

11 year:

+49,958%

+68%

+222%

12 year:

+1.2 million%

+44%

+265%

13 year:

+4.7 million%

+58%

+275%

14 year:

+2.0 billion%

+106%

+313%

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%

$61,830

69

1.24%

$60,000

90

1.61%

$50,000

209

3.74%

$40,000

460

8.24%

$30,000

705

12.63%

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

THE BITCOIN LIBRARY

1 Mar 2019 | Wences Casares | Price when published: $3,843 (ROI since: +1,509%)

The case for a small allocation to Bitcoin

Filed under: topic icon investment  medium icon blogs

Topics Covered:
- What is interesting about the Bitcoin Blockchain?
- Where can a sovereign platform add value?
- What does a world in which Bitcoin succeeded look like?
- Why not another cryptocurrency instead of Bitcoin?
- How can Bitcoin fail?
- Bitcoin’s price action
- Why do I believe 1 Bitcoin may be worth $1 million in 7 to 10 years?

EXCERPT

Bitcoin is a fascinating experiment but it is still just that: an experiment. As such it still has a chance of failing and becoming worthless. In my (subjective) opinion the chances of Bitcoin failing are at least 20%. But after 10 years of working well without interruption, with more than 60 million holders, adding more than 1 million new holders per month and moving more than $1 billion per day worldwide, it has a good chance of succeeding. In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years.


Read in Full

What do you think of this piece?


MORE FROM Wences Casares

icon
17 Jun 2017
Wences Casares

icon
21 Nov 2014
Wences Casares

MORE FROM INVESTMENT

MORE OLDER CONTENT