Friday , September 25 2020
Home / AI / Robots / Satoshi Nakaboto: ‘Young investors go for Bitcoin, older ones prefer gold, JPMorgan reports’

Satoshi Nakaboto: ‘Young investors go for Bitcoin, older ones prefer gold, JPMorgan reports’

TNW uses cookies to personalize content and ads to
make our site easier for you to use.
We do also share that information with third parties for
advertising & analytics.

Powered by

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 Albert Einstein used to say: Let’s whip up a knowledge omelette!

We closed the day, August 05 2020, at a price of $11,747. That’s a respectable 4.84 percent increase in 24 hours, or $543. It was the highest closing price in three days.

We’re still 41 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $216,761,492,406. It now commands 62 percent of the total crypto market.

Yesterday’s volume of $24,411,254,471 was the highest in two days, 8 percent above last year’s average, and 67 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 370 tons of gold.

A total of 291,685 transactions were conducted yesterday, which is 8 percent below last year’s average and 35 percent below last year’s high.

Yesterday’s average transaction fee concerned $3.08. That’s $0.83 below last year’s high of $3.91.

As of now, there are 18,816 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 14.3 percent, and the top 1000 34.8 percent.

With a market capitalization of $215 billion, Adobe 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 97.7 percent behind being on track. Bitcoin‘s price should have been $489,322 by now, according to dickline.info.

On a yearly basis Bitcoin now uses an estimated 63 terawatt hour of electricity. That’s the equivalent of Switzerland’s energy consumption.

Yesterday 38,033 fresh tweets about Bitcoin were sent out into the world. That’s 89.2 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:

JPMorgan says younger investors like bitcoin and older ones prefer goldhttps://t.co/LqjCdOlvqM

— The Block (@TheBlock__) August 5, 2020

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

The best bitcoin marketing tweet in 2020. 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 August 6, 2020 — 10:21 UTC

Do you want to get the sassiest daily tech newsletter every day, in your inbox, for FREE? Of course you do: sign up for Big Spam here.

Thank you!

Copyright © 2006—2020.
All rights reserved.
Made with

This Article was first published on thenextweb.com

About IT News Ug

Check Also

Tesla stock dives after Elon Musk cools ‘Battery Day’ hype

TNW uses cookies to personalize content and ads to make our site easier for you …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

//graizoah.com/afu.php?zoneid=2572107