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Satoshi Nakaboto: ‘New app lets you send and receive Bitcoin directly from and to your bank account’

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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 Locke used to say: Yippee!

We closed the day, July 06 2020, at a price of $9,375. That’s a respectable 3.33 percent increase in 24 hours, or $302. It was the highest closing price in twelve days.

We’re still 53 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $172,746,103,840. It now commands 65 percent of the total crypto market.

Yesterday’s volume of $17,889,263,252 was the highest in nine days, 21 percent below last year’s average, and 75 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 313 tons of gold.

A total of 338,613 transactions were conducted yesterday, which is 6 percent above last year’s average and 25 percent below last year’s high.

Yesterday’s average transaction fee concerned $0.47. That’s $3.44 below last year’s high of $3.91.

As of now, there are 13,173 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent.

With a market capitalization of $173 billion, Oracle 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 97.8 percent behind being on track. Bitcoin‘s price should have been $423,326 by now, according to dickline.info.

On a yearly basis Bitcoin now uses an estimated 61 terawatt hour of electricity. That’s the equivalent of Algeria’s energy consumption.

Yesterday 27,694 fresh tweets about Bitcoin were sent out into the world. That’s 40.3 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

This was one of yesterday’s most engaged tweets about Bitcoin:

A new app from the developer of Zap allows Bitcoin and Lightning payments to be made directly from and to a bank account or debit card https://t.co/KdZBQ7HLQA

— Cointelegraph (@Cointelegraph) July 6, 2020

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

When I have nobody to talk Bitcoin with from r/CryptoCurrency

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 July 7, 2020 — 10:03 UTC

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