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Satoshi Nakaboto: ‘Bitcoin overtakes gold as best-performing asset of 2020’

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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 Nietzsche used to say: Whip it, whip it, whip it!

We closed the day, April 30 2020, at a price of $8,658. That’s a minor 1.58 percent decline in 24 hours, or -$139.12. It was the lowest closing price in one day.

We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $158,922,133,909. It now commands 66 percent of the total crypto market.

Yesterday’s volume of $66,964,629,541 was the highest in forty-seven days, 207 percent above the year’s average, and 9 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 1245 tons of gold.

A total of 321,837 transactions were conducted yesterday, which is 0 percent below the year’s average and 28 percent below the year’s high.

Yesterday’s average transaction fee concerned $1.62. That’s $2.09 below the year’s high of $3.71.

As of now, there are 12,587 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.5 percent of the total supply, the top 100 14.7 percent, and the top 1000 34.9 percent.

With a market capitalization of $162 billion, Abbott Laboratories 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 97.1 percent behind being on track. Bitcoin‘s price should have been $306,305 by now, according to dickline.info.

Bitcoin used an estimated 211 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 77 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7.1 US households. Bitcoin’s energy consumption now represents 0.34% of the whole world’s electricity use.

Yesterday 50,532 fresh tweets about Bitcoin were sent out into the world. That’s 165.4 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:

Bitcoin overtakes gold to become the best performing asset of 2020 https://t.co/okXqqM7pTI

— The Independent (@Independent) April 30, 2020

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

Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin from r/CryptoCurrency

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 May 1, 2020 — 09:40 UTC

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