Our robotic colleague Satoshi Nakaboto writes about Bitcoin BTC each fucking day.
Welcome to a different version of Bitcoin Immediately, the place I, Satoshi Nakaboto, inform you what’s been occurring with Bitcoin previously 24 hours. As Habermass used to say: Crack open this tasty lobster!
We closed the day, August 20 2020, at a price of $11,878. That’s a minor 0.99 p.c enhance in 24 hours, or $116. It was the very best closing price in sooner or later.
We’re nonetheless 40 p.c beneath Bitcoin‘s all-time excessive of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $219,350,310,326. It now instructions 61 p.c of the overall crypto market.
Yesterday’s quantity of $20,175,242,945 was the bottom in ten days, 11 p.c beneath final 12 months’s common, and 72 p.c beneath final 12 months’s excessive. That implies that yesterday, the Bitcoin community shifted the equal of 325 tons of gold.
A complete of 333,537 transactions have been performed yesterday, which is Four p.c above final 12 months’s common and 26 p.c beneath final 12 months’s excessive.
Bitcoin transaction payment
Yesterday’s common transaction payment involved $2.81. That’s $1.10 beneath final 12 months’s excessive of $3.91.
Bitcoin distribution by tackle
As of now, there are 18,966 Bitcoin millionaires, or addresses containing greater than $1 million worth of Bitcoin.
Moreover, the highest 10 Bitcoin addresses home 4.9 p.c of the overall provide, the highest 100 14.2 p.c, and the highest 1000 34.eight p.c.
Firm with a market cap closest to Bitcoin
With a market capitalization of $219 billion, Netflix has a market capitalization most just like that of Bitcoin for the time being.
Bitcoin’s path in the direction of $1 million
On November 29 2017 infamous Bitcoin evangelist John McAfee predicted that Bitcoin would attain a price of $1 million by the top of 2020.
He even promised to eat his personal dick if it doesn’t. Sadly for him it’s 100.Zero p.c behind being on monitor. Bitcoin‘s price ought to have been $526,084 by now, based on dickline.data.
Bitcoin vitality consumption
On a yearly foundation Bitcoin now makes use of an estimated 66 terawatt hour of electrical energy. That’s the equal of Czech Republic’s vitality consumption.
Bitcoin on Twitter
Yesterday 33,256 recent tweets about Bitcoin have been despatched out into the world. That’s 62.eight p.c above final 12 months’s common. The utmost quantity of tweets per day final 12 months about Bitcoin was 82,838.
Hottest posts about Bitcoin
This was yesterday’s most engaged tweet about Bitcoin:
Bitcoin bugs insist that curiosity in Bitcoin is booming. But the info inform a unique story. Regardless of a large effort to pump #Bitcoin, curiosity continues to be beneath its 2019 peak, and never even near the height reached in 2017. In distinction, curiosity in #gold is hitting new highs. pic.twitter.com/O430UfD94T
— Peter Schiff (@PeterSchiff) August 20, 2020
This was yesterday’s most upvoted Reddit submit about Bitcoin:
Bitcoin Goes Mainstream in Turkey with Nationwide Soccer Staff Sponsorship by BTCTurk from r/CryptoMarkets
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Printed August 21, 2020 — 08:57 UTC