Bitcoin Marketcap

$938B

Gold Marketcap

$10.89T

BTC Settlement Volume (24hr)

$19.05B

BTC Inflation Rate (next 1yr)

1.80%

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KEY MARKETS

24hr change

Bitcoin

$50,276  πŸ“‰

 

-8.44%


S&P 500

4,132  πŸ“‰

-28.04

-0.67%


Gold

$1,790  πŸ“ˆ

+$3.02

+0.17%


Silver

$26.23  πŸ“‰

-$0.16

-0.62%


Euro

$1.2059  πŸ“ˆ

+$0.00

+0.07%


Yen

Β₯107.83  πŸ“‰

-Β₯0.2

-0.18%


Renminbi (CNY)

Β₯6.4920   

+Β₯0.00

+0.04%


Oil (WTI)

$61.78  πŸ“ˆ

+$0.77

+1.26%


BITCOIN STATS

Bitcoin Marketcap

$938B


BTC Inflation Rate (next 1yr)

1.80%


% Supply Issued

88.99%


BTC Settlement Volume (24hr)

$19.05B


Real Exchange Volume (24hr)

$21.00B


Active Addresses

1.11M


Mining Reward Value (24hr)

$45.8M


GBTC Premium

-15.88%


MSTR Premium

4.08%


BTC Down From ATH

22.68%


BTC Up From Cycle Low

1.78%


RATES & YIELDS

24hr change

UST 3mo

0.03%  πŸ“ˆ

+0

0%


UST 2yr

0.15%  πŸ“‰

-0.01

-6.25%


UST 10yr

1.58%  πŸ“‰

-0.03

-1.86%


UST 30yr

2.27%  πŸ“‰

-0.02

-0.87%


Fed Funds (EFFR)

0.07%  πŸ“ˆ

+0

0%


US 10yr Breakeven Inflation

2.33%  πŸ“ˆ

+0

0%


Real Rate (10yr)

-0.75%  πŸ“ˆ

-0.04

-5.63%


RATIOS

24hr change

Gold:BTC (marketcap)

11.59x   

+1.00

+9.40%


M2:BTC (marketcap)

20.72x   

+1.77

+9.35%


BTC:Oil (price)

813.79x   

-86.22

-9.58%


Gold:Oil (price)

28.93x   

-0.36

-1.23%


US GOVERNMENT STATS

30-day change

Federal Reserve Balance Sheet

$7.82T  πŸ“ˆ

+$101B

+1.31%


M1 Money Supply

$18.41T  πŸ“ˆ

+$292B

+1.61%


M2 Money Supply

$19.41T  πŸ“‰

 

-0.68%


BTC ROI

Bitcoin & Traditional Assets ROI (vs USD)

BTC vs Traditional Assets ROI:

 

Bitcoin

Gold

S&P 500

1 year:

+579%

+2%

+47%

2 year:

+804%

+40%

+41%

3 year:

+434%

+34%

+55%

4 year:

+3,876%

+40%

+74%

5 year:

+10,804%

+44%

+98%

6 year:

+22,155%

+51%

+95%

7 year:

+10,139%

+37%

+121%

8 year:

+35,277%

+23%

+161%

9 year:

+969,400%

+8%

+196%

10 year:

+2,705,437%

+18%

+206%

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

7

0.16%

$50,342

54

1.20%

$50,000

54

1.20%

$40,000

76

1.69%

$30,000

111

2.47%

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

20 Feb 2020 | Marty Bent | Price when published: $9,605 (ROI since: +424%)

The Tortoise and The Hare

Filed under: topic icon macro  medium icon blogs

EXCERPT

Over the course of the last eleven years, the two solutions have been going head to head in the market. The solution put forth by Geithner and crew - who have bequeathed control of the levers to the Fed presidents and Treasury secretaries who have followed - is more of the same; money printing. The accumulation of long-term debt in hopes that we can stoke production today. On the surface, it seems to be working. But can this type of monetary policy persist?

The solution put forth by Satoshi is in direct opposition to the one put forth by the banking elite; a sound digital money that cannot be debased or controlled by a select few. Bitcoin is controlled by everyone and no one at the same time.


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11 Aug 2020
Marty Bent

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