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Satoshi Nakaboto: ‘Long Bitcoin? Warren Buffett suggests shorting suitcases’

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 Marx used to say: Time to learn some stuff about Bitcoin!

Bitcoin price

We closed the day, February 24 2020, at a price of $9,650. That’s a notable 2.73 percent decline in 24 hours, or -$271.40. It was the lowest closing price in three days.

We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $175,977,808,526. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $45,080,496,648 was the highest in four days, 139 percent above last year’s average, and 8 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 848 tons of gold.

Bitcoin transactions

A total of 325,961 transactions were conducted yesterday, which is 0 percent above last year’s average and 27 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.31. That’s $3.40 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,621 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 14.9 percent, and the top 1000 34.7 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $174 Billion, Adobe 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 95.6 percent behind being on track. Bitcoin‘s price should have been $222,705 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 28,829 fresh tweets about Bitcoin were sent out into the world. That’s 56.6 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.

Most popular posts about Bitcoin

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

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

Bitcoin accepted in my building in Dubai, Marina. from r/Bitcoin

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 February 25, 2020 — 09:38 UTC

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