Tuesday , November 24 2020

Satoshi Nakaboto: ‘Just Eat customers in France can now order food with Bitcoin’

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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 de Beauvoir used to say: Let’s pull this rabbit out the hat!

We closed the day, September 08 2020, at a price of $10,131. That’s a notable 2.29 percent decline in 24 hours, or -$237.78. It was the lowest closing price in forty-three days.

We’re still 49 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $187,267,336,728. It now commands 60 percent of the total crypto market.

Yesterday’s volume of $33,430,927,462 was the lowest in three days, 47 percent above last year’s average, and 54 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 539 tons of gold.

A total of 332,513 transactions were conducted yesterday, which is 4 percent above last year’s average and 26 percent below last year’s high.

Yesterday’s average transaction fee concerned $1.35. That’s $2.56 below last year’s high of $3.91.

As of now, there are 16,872 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 $187 billion, PepsiCo 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 98.2 percent behind being on track. Bitcoin‘s price should have been $576,639 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 28,540 fresh tweets about Bitcoin were sent out into the world. That’s 38.1 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:

Just Eat France users can now pay in Bitcoin for their food orders https://t.co/kS4zbEx2z4

— Cointelegraph (@Cointelegraph) September 8, 2020

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

Nigeria is seeing the rise of Bitcoin as a means of payment for the real world! 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 September 9, 2020 — 09:34 UTC

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