Tuesday , November 24 2020

Satoshi Nakaboto: ‘Bitcoin’s market cap is now on par with Costco’s’

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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 Ada Lovelace used to say: Whip it, whip it, whip it!

We closed the day, December 12 2019, at a price of $7,243. That’s a minor 0.36 percent increase in 24 hours, or $26. It was the highest closing price in one day.

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 $131,087,151,088. It now commands 67 percent of the total crypto market.

Yesterday’s volume of $18,927,080,224 was the highest in seven days, 15 percent above the year’s average, and 58 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 400 tons of gold.

A total of 311,662 transactions were conducted yesterday, which is 4 percent below the year’s average and 31 percent below the year’s high.

Yesterday’s average transaction fee concerned $0.22. That’s $3.49 below the year’s high of $3.71.

As of now, there are 11,166 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 15.1 percent, and the top 1000 34.8 percent.

With a market capitalization of $131 billion, Costco 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 95.3 percent behind being on track. Bitcoin‘s price should have been $155,786 by now, according to dickline.info.

Yesterday 16,412 fresh tweets about Bitcoin were sent out into the world. That’s 10.5 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:

ING is reportedly developing a cryptocurrency custody service for its clients https://t.co/qZ30WYiXPT

— Cointelegraph (@Cointelegraph) December 12, 2019

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

A quick reminder why Bitcoin was invented in the first place. Everyone used to be on the same page, but it&aposs hard to tell anymore. TL;DR: To get free, not rich. from r/Bitcoin


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 13, 2019 — 11:22 UTC

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This Article was first published on thenextweb.com

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