Monday , October 26 2020

Satoshi Nakaboto: ‘Kraken just got a US banking license’

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Inside money, markets, and big tech

Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Bentham used to say: Shop ’till you drop!

We closed the day, September 16 2020, at a price of $10,974. That’s a minor 1.64 percent increase in 24 hours, or $177. It was the highest closing price in thirteen days.

We’re still 45 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $202,942,925,722. It now commands 58 percent of the total crypto market.

Yesterday’s volume of $30,769,986,455 was the lowest in six days, 34 percent above last year’s average, and 58 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 492 tons of gold.

A total of 342,454 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 $1.26. That’s $2.65 below last year’s high of $3.91.

As of now, there are 17,772 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.1 percent, and the top 1000 34.8 percent.

With a market capitalization of $204 billion, Pfizer 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 percent behind being on track. Bitcoin‘s price should have been $600K by now, according to dickline.info.

On a yearly basis Bitcoin now uses an estimated 69 terawatt hour of electricity. That’s the equivalent of Czech Republic’s energy consumption.

Yesterday 35,407 fresh tweets about Bitcoin were sent out into the world. That’s 70.2 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:

NEW: Kraken Wins Bank Charter Approvalhttps://t.co/NnJTMWQJQZ

— Kraken Exchange (@krakenfx) September 16, 2020

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

Morgan Stanley Recommends Buying Bitcoin to Hedge Against the GMI 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 17, 2020 — 09:22 UTC

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