Satoshi Nakaboto: ‘Founder of China’s first Bitcoin exchange predicts $500K BTC in 9 years’

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 Marcus Aurelius used to say: Yippee!

Bitcoin Price

We closed the day, November 10 2019, at a price of $9,055. That’s a respectable 2.75 percent increase in 24 hours, or $243. It was the highest closing price in two days.

We’re still 54 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $163,364,406,732. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $20,587,919,881 was the highest in one day, 28 percent above the year’s average, and 54 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 437 tons of gold.

Bitcoin transactions

A total of 299,546 transactions were conducted yesterday, which is 9 percent below the year’s average and 33 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.30. That’s $3.41 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,762 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.9 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.4 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $162 billion, SAP 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 $133,479 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 13,655 fresh tweets about Bitcoin were sent out into the world. That’s 26.2 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:

Bitcoin price going to $500,000 and then $1 million, says Bobby Lee https://t.co/MyjWjQikQ0

— Cointelegraph (@Cointelegraph) November 10, 2019

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

Dash Latin America Adoption Leader Leaves in Favor of Bitcoin Cash, Focuses on 1,160 Merchants from r/btc

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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’.