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Inside money, markets, and Big Tech

This article was published on June 15, 2020

Satoshi Nakaboto: ‘JPMorgan flips, says Bitcoin is maturing’

Satoshi Nakaboto: ‘JPMorgan flips, says Bitcoin is maturing’
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 Isaac Newton used to say: Money makes the world go around!

Bitcoin price

We closed the day, June 14 2020, at a price of $9,386. That’s a minor 0.95 percent decline in 24 hours, or -$90.75. It was the lowest closing price in two days.

We’re still 53 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $172,763,239,787. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $18,991,732,746 was the highest in one day, 17 percent below last year’s average, and 74 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 343 tons of gold.

Bitcoin transactions

A total of 275,553 transactions were conducted yesterday, which is 13 percent below last year’s average and 39 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.20. That’s $3.71 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 12,895 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.7 percent, and the top 1000 35.0 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $173 billion, Tesla 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 97.5 percent behind being on track. Bitcoin‘s price should have been $380,657 by now, according to

Bitcoin energy consumption

Bitcoin used an estimated 164 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 60 terawatt hour. That’s the equivalent of Algeria’s energy consumption or 5.5 million US households. Bitcoin’s energy consumption now represents 0.27% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 24,592 fresh tweets about Bitcoin were sent out into the world. That’s 26.4 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:

JPMorgan Chase Is Now Positive On Bitcoin: The March 2020 Crash Proved Its Resilience from r/CryptoMarkets


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