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Satoshi Nakaboto: ‘Bitcoin price stabilizes around $5,000’

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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 Marie Curie used to say: Buy low, sell high!

We closed the day, March 17 2020, at a price of $5,225. That’s a respectable 4.45 percent increase in 24 hours, or $223. It was the highest closing price in one day.

We’re still 73 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $95,499,941,183. It now commands 65 percent of the total crypto market.

Yesterday’s volume of $38,622,642,935 was the lowest in one day, 93 percent above last year’s average, and 47 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 801 tons of gold.

A total of 278,203 transactions were conducted yesterday, which is 14 percent below last year’s average and 38 percent below last year’s high.

Yesterday’s average transaction fee concerned $0.67. That’s $3.03 below last year’s high of $3.71.

As of now, there are 8,867 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.0 percent, and the top 1000 35.0 percent.

With a market capitalization of $95 billion, Novo Nordisk 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 97.8 percent behind being on track. Bitcoin‘s price should have been $247,669 by now, according to dickline.info.

Bitcoin used an estimated 185 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 67 terawatt hour. That’s the equivalent of Czech Republic’s energy consumption or 6,2 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Yesterday 26,159 fresh tweets about Bitcoin were sent out into the world. That’s 40.9 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.

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

Tim Draper predicts that Bitcoin will save the world, opposing it to centralized structures like banks and governments https://t.co/XvqgO2yC7O

— Cointelegraph (@Cointelegraph) March 17, 2020

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

Bitcoin waiting for Markets to Normalize — What will cause this? from r/CryptoMarkets

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 March 18, 2020 — 11:13 UTC

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