Compares Bitcoin's returns to US Treasury bonds across various maturities and timeframes. Evaluates Bitcoin as an alternative to fixed income in portfolio construction.
Bitcoin has dramatically outperformed bonds over multi-year periods. However, Bitcoin's volatility is vastly higher. Risk-adjusted comparison depends heavily on the measurement period.
Total global money supply (M2) across major economies (US, EU, Japan, China, UK). Bitcoin has historically correlated with global liquidity expansion and contraction.
Key US economic indicators including Fed Funds rate, CPI/inflation, employment data, and yield curve. These macro factors significantly influence Bitcoin's price environment.
Extends the Stock-to-Flow model to compare Bitcoin's scarcity with traditional commodities like gold and silver. Places Bitcoin on the same valuation framework as precious metals.
Compares Bitcoin ETF flows and AUM growth to the historical trajectory of gold ETFs (GLD launch in 2004). Provides context for the pace of institutional adoption.