Wednesday , December 2 2020

Satoshi Nakaboto: ‘Bakkt launches monthly Bitcoin options and Bitcoin Cash settled futures’

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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 Nikola Tesla used to say: Your heart must go on!

We closed the day, December 09 2019, at a price of $7,400. That’s a notable 2.12 percent decline in 24 hours, or -$160.90. It was the lowest closing price in four days.

We’re still 63 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $133,904,005,787. It now commands 67 percent of the total crypto market.

Yesterday’s volume of $17,872,021,272 was the highest in two days, 8 percent above the year’s average, and 60 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 380 tons of gold.

A total of 313,481 transactions were conducted yesterday, which is 4 percent below the year’s average and 30 percent below the year’s high.

Yesterday’s average transaction fee concerned $0.16. That’s $3.54 below the year’s high of $3.71.

As of now, there are 11,273 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 15.0 percent, and the top 1000 34.9 percent.

With a market capitalization of $132 billion, Netflix 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 95.2 percent behind being on track. Bitcoin‘s price should have been $153,545 by now, according to

Yesterday 16,592 fresh tweets about Bitcoin were sent out into the world. That’s 9.6 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

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

We just launched two new products:

• Bakkt Bitcoin Monthly Options:
The first CFTC regulated option on futures contract for bitcoin
• Bakkt Bitcoin Cash Settled Futures:
A new cash settled futures contract available on ICE Futures Singapore

— Bakkt (@Bakkt) December 9, 2019

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

Balaji Srinivasan on Bitcoin: “As the decade ends, the biggest unicorn of the 2010s wasn’t Uber, Airbnb, or Snap. It was Bitcoin.” from r/Bitcoin

And this was yesterday’s top submission on Hacker News about Bitcoin:

If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t (


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 December 10, 2019 — 10:49 UTC

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