Satoshi Nakaboto: ‘Nobel Prize-winning economist wants cryptocurrencies shut down’

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 Marie Curie used to say: Let’s get it!

Bitcoin price

We closed the day, February 02 2020, at a price of $9,344. That’s a minor 0.48 percent decline in 24 hours, or -$45.44. It was the lowest closing price in three 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 $170,034,976,662. It now commands 66 percent of the total crypto market.

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Bitcoin volume

Yesterday’s volume of $30,835,736,946 was the highest in two days, 74 percent above last year’s average, and 31 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 608 tons of gold.

Bitcoin transactions

A total of 290,736 transactions were conducted yesterday, which is 10 percent below last year’s average and 35 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.20. That’s $3.51 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,437 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $171 Billion, Adobe 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 95.3 percent behind being on track. Bitcoin’s price should have been $200,257 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 75,543 fresh tweets about Bitcoin were sent out into the world. That’s 314.8 percent above last year’s average. On top of that, it’s highest amount of tweets about Bitcoin per day recorded last year.

Most popular posts about Bitcoin

This was one of last day’s most engaged tweets about Bitcoin:

Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. Here's why. https://t.co/1RTW8pORhm pic.twitter.com/lwSqLhe4Mr

— CNBC (@CNBC) February 1, 2020

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

Sharing Bitcoin Obsoletes All Other Money is Fidelity&aposs 2nd most popular tweet. Can we get it to #1? from r/Bitcoin

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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’.