BigBitsIO

Bitcoin Circulating Supply Overlay [BigBitsIO]

BigBitsIO Premium Updated   
This script shows the estimated circulating supply of Bitcoin on any given day.

Features:
- Estimated Bitcoin circulating supply calculated daily
- Uses the Bitcoin reward schedule, past halving dates, and the next upcoming halving estimated date to calculate the current estimated supply.

- Optionally includes an option to use "Log Reduction" on the chart


*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Release Notes: Changed the input type to a string option so users can set the mode.

Indicator includes 3 different modes:
- Supply - Estimated circulating supply
- Log Reduced Supply - Supply, but log reduced
- Market Cap - Supply * close
Release Notes: Fixed the indicator to work when added to any chart when selecting Market Cap by explicitly pulling price information from BLX symbol.
Release Notes: Clarified a variable, updated snapshot.
Release Notes: Fixed the security reference to the one with more price history.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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