Satoshi Nakaboto: ‘Venezuelans abroad can now pay for their passport with Bitcoin’

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 Ada Lovelace used to say: Shop ’till you drop!

Bitcoin price

We closed the day, June 24 2020, at a price of $9,313. That’s a notable 3.30 percent decline in 24 hours, or -$318.53. 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

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Bitcoin’s market cap ended the day at $171,498,781,280. It now commands 65 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $18,961,716,076 was the highest in one day, 17 percent below last year’s average, and 74 percent below last year’s high.

Bitcoin transactions

A total of 312,182 transactions were conducted yesterday, which is 2 percent below last year’s average and 31 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.68. That’s $3.22 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,030 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 14.4 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $171 billion, Oracle 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 $399,491 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 60 terawatt hour of electricity. That’s the equivalent of Algeria’s energy consumption.

Bitcoin on Twitter

Yesterday 32,446 fresh tweets about Bitcoin were sent out into the world. That’s 65.2 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:

Bitcoin is now an accepted payment method for certain Venezuelan passport applications https://t.co/h9juo6Pa9Z

— Cointelegraph (@Cointelegraph) June 24, 2020

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

Venezuela government is officially taking Bitcoin as payment for passports from r/CryptoCurrency

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