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Satoshi Nakaboto: ‘Bitcoin exchanges see user influx since coronavirus outbreak’

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 Habermass used to say: Bob’s your uncle!

Bitcoin Price

We closed the day, April 02 2020, at a price of $6,793. That’s a respectable 2.82 percent increase in 24 hours, or $186. It was the highest closing price in twenty-one days.

We’re still 66 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $124,335,130,640. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $47,660,646,124 was the highest in eight days, 129 percent above last year’s average, and 35 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 920 tons of gold.

Bitcoin transactions

A total of 299,023 transactions were conducted yesterday, which is 7 percent below last year’s average and 33 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.22. That’s $3.49 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 10,769 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.7 percent of the total supply, the top 100 15.2 percent, and the top 1000 35.2 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $124 billion, Bristol-Myers Squibb 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 97.4 percent behind being on track. Bitcoin‘s price should have been $267,565 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 194 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 71 terawatt hour. That’s the equivalent of Colombia’s energy consumption or 6,6 million US households. Bitcoin’s energy consumption now represents 0.32% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 29,947 fresh tweets about Bitcoin were sent out into the world. That’s 59.9 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:

Italian Bank Adds Bitcoin Support as the Nation Emerges into a Brave New World from r/Bitcoin

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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 April 3, 2020 — 10:09 UTC

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