Satoshi Nakaboto: ‘Bitcoin’s price should be $150,000 now, according to John McAfee’s prediction’

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 Sloterdijk used to say: Let’s make it rock!

Bitcoin Price

We closed the day, December 02 2019, at a price of $7,321. That’s a minor 1.37 percent decline in 24 hours, or -$102.05. It was the lowest closing price in five days.

We’re still 63 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $132,378,982,377. It now commands 67 percent of the total crypto market.

The 💜 of EU tech

The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!

Bitcoin volume

Yesterday’s volume of $17,082,040,706 was the lowest in fifteen days, 4 percent above the year’s average, and 62 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 362 tons of gold.

Bitcoin transactions

A total of 314,585 transactions were conducted yesterday, which is 4 percent below the year’s average and 30 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.26. That’s $3.45 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,268 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 15.0 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $134 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 95.0 percent behind being on track. Bitcoin’s price should have been $148,441 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 16,129 fresh tweets about Bitcoin were sent out into the world. That’s 12.3 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 one of yesterday’s most engaged tweets about Bitcoin:

Myth: Bakkt futures fully backed by bitcoin.

Reality: Bakkt futures 37% backed by dollars or treasuries. pic.twitter.com/m9Gww7SP8v

— Alex Krüger (@krugermacro) December 2, 2019

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

1934 Silver Certificate. The concept of money has always been fluid, Bitcoin is the next iteration. 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’.