Satoshi Nakaboto: ‘Bitcoin price shoots up 15% after Chinese president embraces blockchain’

Satoshi Nakaboto: ‘Bitcoin price shoots up 15% after Chinese president embraces blockchain’

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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 Nikola Tesla used to say: Let’s get it!

Bitcoin Price

We closed the day, October 25 2019, at a price of $8,660. That’s a major 15.61 percent increase in 24 hours, or $1170. It was the highest closing price in thirty-one days.

We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $156,006,603,607. It now commands 69 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $28,705,065,488 was the highest in one hundred and six days, 85 percent above the year’s average, and 36 percent below the year’s high.

Bitcoin transactions

A total of 328,460 transactions were conducted yesterday, which is 2 percent below the year’s average and 27 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.36. That’s $3.35 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,507 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 14.5 percent, and the top 1000 34.5 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $156 billion, Unilever has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

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 92.9 percent behind being on track. Bitcoin‘s price should have been $123,554 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 20,601 fresh tweets about Bitcoin were sent out into the world. That’s 10.4 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

Bitcoin prices surged Friday after the Chinese President said his countrymen should “seize the opportunity” afforded by blockchain technology.

Report by @Liqquidity https://t.co/xKiSFgNaoI

— CoinDesk (@coindesk) October 25, 2019

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

Jack Dorsey: Bitcoin is becoming the Internet’s national currency from r/Bitcoin

And this was yesterday’s top submission on Hacker News about Bitcoin:

What is it with the price of Bitcoin and avocados? (decrypt.co)

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 October 26, 2019 — 10:40 UTC

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