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Bitcoin Is Data
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Beautiful visualizations of challenging Bitcoin metrics, with raw data available in CSV/XLSX/JSON formats. Updated hourly. www.bitcoinisdata.com
The global M2 money supply decreased by 0.6% from September to October, based on the most recent data available. However, this drop is not because central banks have stopped printing money. Instead, it is solely due to the strengthening of the US Dollar relative to other currencies. With the exception of the Bank of Japan, all other central banks tracked by Bitcoin Is Data reported an increase in money supply measured in their local currencies, including the US Federal Reserve. Live charts are available on the Bitcoin Is Data Global Money Supply page:
With the recent sharp increase in Bitcoin's price, it's worth taking a look at historical returns. To that end, we've provided a new visualization that encompasses the ROI (Return on Investment — the percentage change in your dollar value over a period of time) and CAGR (Compound Annual Growth Rate — the average percentage change over a specified number of years). We provide both metrics for the following time periods: 1, 2, 4, 6, 8, 10, and 12 years. You can also toggle between linear and logarithmic scales and display halving dates. For example, over a four-year period, Bitcoin's returns have never been negative (first chart). Switching to CAGR, we see that the current annual growth rate for a two-year period is approximately 130% (second chart). Live charts here: That's all for today — have a great one!
Bitcoin is so much better than gold as money, yet its market cap is only about 10% of gold's: USD 1.9 trillion compared to USD 18.9 trillion. We expect this gap to narrow significantly in the coming months. image
We now have an API endpoint that provides the full list of BTC addresses containing 50 or more BTC. The list is updated daily at 3:00 AM GMT. The standard subscription includes access to this new service. Details will be released soon. If you need to test it, please reply or contact me.image
The $MSTR NAV premium is shooting higher. This multiple is at 2.81, but it was once 6 at the beginning of $MSTR's BTC accumulation, back in 2020, when it was still just another zombie company.image
New MicroStrategy ($MSTR) Page in Bitcoin Is Data! This massive update introduces a collection of Bitcoin-related metrics and charts for the Nasdaq-listed firm MicroStrategy ($MSTR). 1. MSTR Market Cap, Total Bitcoin Holdings Value, and Net Asset Value (NAV) Premium 2. MSTR Cost Basis and Bitcoin Market Value 3. MSTR Average Purchased Bitcoin Price 4. 12-Month MSTR Normalized Price Evolution Against Bitcoin 5. MSTR Rolling 60-Day Correlation with Bitcoin Daily Returns 6. MSTR / BTC Price Ratio Live charts here: That's all for today — have a great one!
Tomorrow I will do a more complete announcement, but for those who want to see it, the new page with numerous metrics and charts about MicroStrategy $MSTR is already available on Bitcoin Is Data. Live charts here: bitcoinisdata.com/mstr/ image
Global Money Supply (M2) Breaking Up. We Knew This Would Happen Sooner or Later. Today, the global M2 money supply tracked by Bitcoin Is Data—which consists of the top 5 world central banks plus Brazil—was updated to reflect the latest data as of August 2024. And, to the surprise of no one, we hit an all-time high in the global M2, ending the period of monetary contraction and starting up the money printers again. The main component in global M2 is not the US FED, but the People's Bank of China, which is responsible for approximately 45% of the world’s money supply. Recently, China has started implementing several measures to accelerate its base money expansion, which are not yet reflected in the charts. We all know what happens with monetary expansions: the value of each unit of money in circulation drops, i.e., the price of everything increases. In terms of assets, we know that Bitcoin is the fastest horse in the race. As an illustration, please take a look at the following chart showing the year-over-year percentage change in global M2 and the price of Bitcoin. You can see that they have a high correlation. That's all for today—have a great one!
Balances Held by Top Addresses – The Bitcoin Rich List Inspired by a post from @TylerDurden on Twitter, we custom-made a new visualization showing the evolution over time of the total BTC balance of the top addresses, i.e., the addresses that hold the most Bitcoin (the BTC Rich List). As far as we know, we are the only on-chain metrics provider that has computed these values. We provide the total BTC balance for the top 50, 100, 200, 500, 1,000, 2,000, and 5,000 addresses. If we superimpose the Bitcoin price and select just one group of top addresses — in this case, the top 500 — we can see that there is no clear interpretation of the impact of this new metric on the price movement. We also created a visualization showing the year-over-year percentage change in the total balance held by the top addresses compared to the Bitcoin price. We also attempted to exclude addresses known to belong to exchanges, but the results weren’t very good. Exchanges are constantly creating new addresses, making it a game of cat and mouse to identify and track all of them. Therefore, we chose to include all top addresses in our charts, regardless of their origin. We'd also like to remind you that all the raw data used to generate the charts on Bitcoin Is Data is available for direct download or via our API, in both .CSV and .XLSX (Microsoft Excel) formats. That’s all for today — have a great one!