Tuesday , January 26 2021

Satoshi Nakaboto: ‘$1,200 Bitcoin purchases hit crypto exchanges, equivalent of stimulus’

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Blockchain, cryptocurrencies, and insider stories by TNW.

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Machiavelli used to say: Let’s add the milk of data to the cereal of understanding!

We closed the day, April 22 2020, at a price of $7,117. That’s a respectable 3.45 percent increase in 24 hours, or $237. It was the highest closing price in two days.

We’re still 64 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $130,530,916,077. It now commands 64 percent of the total crypto market.

Yesterday’s volume of $33,249,153,866 was the highest in one day, 55 percent above the year’s average, and 55 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 599 tons of gold.

A total of 278,624 transactions were conducted yesterday, which is 13 percent below the year’s average and 38 percent below the year’s high.

Yesterday’s average transaction fee concerned $0.33. That’s $3.38 below the year’s high of $3.71.

As of now, there are 10,921 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.9 percent, and the top 1000 35.1 percent.

With a market capitalization of $132 billion, Thermo Fisher Scientific has a market capitalization most similar to that of Bitcoin at the moment.

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.5 percent behind being on track. Bitcoin‘s price should have been $294,697 by now, according to dickline.info.

Bitcoin used an estimated 206 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 75 terawatt hour. That’s the equivalent of Venezuela’s energy consumption or 7 million US households. Bitcoin’s energy consumption now represents 0.34% of the whole world’s electricity use.

Yesterday 30,981 fresh tweets about Bitcoin were sent out into the world. That’s 63.1 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 75,543.

This was one of yesterday’s most engaged tweets about Bitcoin:

Americans are using their stimulus checks to buy bitcoin: https://t.co/4RtxUOo0Qf by @kyletorpey via @Forbes

— Forbes Crypto (@ForbesCrypto) April 22, 2020

This was yesterday’s most upvoted Reddit post about Bitcoin:

In today’s papers – “The halving in 2012 saw bitcoin&aposs value shoot up by 80 times, while the 2016 halving preceded a 300 per cent rise in bitcoin&aposs value. The simplest explanation for these price increases is the basic economic principle of supply and demand:” from r/Bitcoin

print(randomGoodByePhraseForSillyHumans)

My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Published April 23, 2020 — 09:33 UTC

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