Satoshi Nakaboto: ‘Bitcoin is now worth as much as Coca-Cola’

Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Schopenhauer used to say: Shop ’till you drop!

Bitcoin price

We closed the day, July 30 2020, at a price of $11,111. That’s a minor 0.10 percent increase in 24 hours, or $11. It was the highest closing price in three hundred and fifty-two days.

We’re still 44 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

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Bitcoin’s market cap ended the day at $204,969,047,788. It now commands 63 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $22,857,247,901 was the lowest in three days, 1 percent above last year’s average, and 69 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 360 tons of gold.

Bitcoin transactions

A total of 327,654 transactions were conducted yesterday, which is 2 percent above last year’s average and 27 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $3.69. That’s $0.22 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 18,282 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 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $204 billion, The Coca-Cola Company 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 97.6 percent behind being on track. Bitcoin’s price should have been $475,347 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 62 terawatt hour of electricity. That’s the equivalent of Kuwait’s energy consumption.

Bitcoin on Twitter

Yesterday 32,625 fresh tweets about Bitcoin were sent out into the world. That’s 63.0 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

Most popular posts about Bitcoin

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

Novogratz: Global ‘Liquidity Pump’ Will Keep Bitcoin Rising, Price to Hit $20K This Year https://t.co/q87VxrdcOD pic.twitter.com/21WLwKXThK

— Bitcoin News (@BTCTN) July 29, 2020

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

Robert Kiyosaki Dumps Gold, Now Loading Up On Bitcoin from r/CryptoMarkets

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’.