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Satoshi Nakaboto: ‘Bitcoin sees highest trading volume in 118 days’

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Inside money, markets, and big tech

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 Hegel used to say: Do what you love and you’ll never work another day!

We closed the day, September 10 2020, at a price of $10,363. That’s a minor 1.17 percent increase in 24 hours, or $120. It was the highest closing price in two days.

We’re still 48 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $191,568,387,062. It now commands 59 percent of the total crypto market.

Yesterday’s volume of $54,406,443,211 was the highest in one hundred and eighteen days, 138 percent above last year’s average, and 26 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 871 tons of gold.

A total of 343,128 transactions were conducted yesterday, which is 7 percent above last year’s average and 24 percent below last year’s high.

Yesterday’s average transaction fee concerned $1.87. That’s $2.03 below last year’s high of $3.91.

As of now, there are 17,022 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.9 percent of the total supply, the top 100 14.2 percent, and the top 1000 34.8 percent.

With a market capitalization of $191 billion, SAP 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 100.0 percent behind being on track. Bitcoin‘s price should have been $582,236 by now, according to dickline.info.

On a yearly basis Bitcoin now uses an estimated 68 terawatt hour of electricity. That’s the equivalent of Czech Republic’s energy consumption.

Yesterday 29,885 fresh tweets about Bitcoin were sent out into the world. That’s 44.6 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

This was yesterday’s most engaged tweet about Bitcoin:

Twitter CEO @jack tells @Reuters #bitcoin is still the most viable internet-native currency pic.twitter.com/w1c3J46E7h

— Reuters (@Reuters) September 10, 2020

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

Hackers target Pakistan’s largest Electricity producer – demands $7.7 million in Bitcoin 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 September 11, 2020 — 08:14 UTC

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