Satoshi Nakaboto: ‘Wake up and smell the hopium — Bitcoin is up 9.5%’

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 Stephen Hawking used to say: Let’s whip up a knowledge omelette!

Bitcoin price

We closed the day, December 18 2019, at a price of $7,276. That’s a decent 9.46 percent increase in 24 hours, or $629. It was the highest closing price in seven days.

We’re still 63 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $131,754,969,804. It now commands 69 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $31,836,522,778 was the highest in twenty-two days, 92 percent above the year’s average, and 29 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 672 tons of gold.

Bitcoin transactions

A total of 314,115 transactions were conducted yesterday, which is 4 percent below the year’s average and 30 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.25. That’s $3.46 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,122 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 15.2 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $132 Billion, AbbVie 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 95.4 percent behind being on track. Bitcoin’s price should have been $160,366 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 22,374 fresh tweets about Bitcoin were sent out into the world. That’s 22.0 percent above 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 one of last day’s most engaged tweets about Bitcoin:

CNN just named bitcoin “the best investment of the decade.” ?

read more here: https://t.co/DveL25okjw pic.twitter.com/uElWC7skLj

— Lolli ? (@trylolli) December 18, 2019

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

Trader loses $26 million in one week as Bitcoin slumps to $6,500 from r/CryptoCurrency

And this was yesterday’s top submission on Hacker News about Bitcoin:

[flagged] Bitcoin.com Lists Ponzi Token, Hex, to the Dismay of Bitcoin Fans (cryptobriefing.com)

print(randomGoodByePhraseForSillyHumans)

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