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Satoshi Nakaboto: ‘Bitcoin trading volume now over double the yearly average’

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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 Schopenhauer used to say: Live, laugh, love!

We closed the day, January 15 2020, at a price of $8,807. That’s a minor 0.20 percent decline in 24 hours, or -$18.32. 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 $159,959,191,212. It now commands 67 percent of the total crypto market.

Yesterday’s volume of $40,102,834,650 was the lowest in one day, 134 percent above the past year’s average, and 11 percent below the past year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 802 tons of gold.

A total of 332,507 transactions were conducted yesterday, which is 2 percent above the past year’s average and 26 percent below the past year’s high.

Yesterday’s average transaction fee concerned $0.32. That’s $3.39 below the past year’s high of $3.71.

As of now, there are 12,712 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 15.1 percent, and the top 1000 34.9 percent.

With a market capitalization of $160 Billion, Salesforce 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 $183,585 by now, according to

Yesterday 18,142 fresh tweets about Bitcoin were sent out into the world. That’s 0.2 percent below the past year’s average. The maximum amount of tweets per day the past year about Bitcoin was 41,687.

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

Ethereum will be more scarce than Bitcoin soon, while also being more sustainable. This is one of many reasons people are bullish on ETH in anticipation of Ethereum 2.0 from r/ethtrader


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 January 16, 2020 — 10:13 UTC

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