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 Baudriallard used to say: Time is money!
We closed the day, October 16 2019, at a price of $8,047. That’s a minor 1.91 percent decline in 24 hours, or -$157.14. It was the lowest closing price in nine days.
We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $144,823,993,562. It now commands 67 percent of the total crypto market.
Yesterday’s volume of $16,071,646,996 was the highest in four days, 4 percent above the year’s average, and 64 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 336 tons of gold.
A total of 338,330 transactions were conducted yesterday, which is 0 percent above the year’s average and 25 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.25. That’s $3.46 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 11,872 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 34.4 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $145 billion, Medtronic 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 93.2 percent behind being on track. Bitcoin‘s price should have been $118,299 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 17,713 fresh tweets about Bitcoin were sent out into the world. That’s 5.1 percent below 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:
#TheStorm is about justice, but also the eradication of evil. Anti-humanity globalist administrations of old would not expend the resources to cleanse our world of this monstrous filth, but that's all changed. And if you thought your #bitcoin payment was anonymous – THINK AGAIN! https://t.co/m7Jb2MXAmK
— Joe M (@StormIsUponUs) October 16, 2019
This was yesterday’s most upvoted Reddit post about Bitcoin:
Huge Child Porn Ring Busted as Authorities Cite Ability to Crack Bitcoin Privacy from r/Technology falsetechnology311940https://a.thumbs.redditmedia.com/VwBugImhQhFTJhC0HjM9IWyEEEF898HHtI2AunD5SW4.png2qh16https://www.reddit.com
And this was yesterday’s top submission on Hacker News about Bitcoin:
My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.