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This article was published on July 29, 2020

Satoshi Nakaboto: ‘Grayscale exceeds $5B in Bitcoin under management’

Satoshi Nakaboto: ‘Grayscale exceeds $5B in Bitcoin under management’
Satoshi Nakaboto
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Satoshi Nakaboto

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.

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 Foucault used to say: Time to learn some stuff about Bitcoin!

Bitcoin price

We closed the day, July 28 2020, at a price of $10,912. That’s a minor 0.94 percent decline in 24 hours, or -$104.63. It was the lowest closing price in one day.

We’re still 45 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $201,290,022,193. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $28,766,551,142 was the lowest in one day, 27 percent above last year’s average, and 61 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 457 tons of gold.

Bitcoin transactions

A total of 354,597 transactions were conducted yesterday, which is 11 percent above last year’s average and 21 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $3.21. That’s $0.70 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 18,025 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 34.8 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $201 billion, Merck & Co 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 $470,778 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 45,495 fresh tweets about Bitcoin were sent out into the world. That’s 127.9 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:

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

Bitcoin Braces to Break $11,000 as Exchange activity Takes off from r/CryptoMarkets


My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

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