Our robotic colleague Satoshi Nakaboto writes about Bitcoin BTC each fucking day.
Welcome to a different version of Bitcoin As we speak, the place I, Satoshi Nakaboto, inform you what’s been occurring with Bitcoin up to now 24 hours. As Jane Didion used to say: Whip it, whip it, whip it!
We closed the day, Could 19 2020, at a price of $9,729. That’s a minor 0.02 % improve in 24 hours, or $1. It was the best closing price in 4 days.
We’re nonetheless 51 % under Bitcoin‘s all-time excessive of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $178,831,635,026. It now instructions 68 % of the full crypto market.
Yesterday’s quantity of $39,254,288,955 was the bottom in two days, 72 % above final yr’s common, and 47 % under final yr’s excessive. That implies that yesterday, the Bitcoin community shifted the equal of 698 tons of gold.
A complete of 274,782 transactions have been carried out yesterday, which is 14 % under final yr’s common and 39 % under final yr’s excessive.
Bitcoin transaction payment
Yesterday’s common transaction payment involved $3.65. That’s $0.06 under final yr’s excessive of $3.71.
Bitcoin distribution by tackle
As of now, there are 13,604 Bitcoin millionaires, or addresses containing greater than $1 million worth of Bitcoin.
Moreover, the highest 10 Bitcoin addresses home 5.2 % of the full provide, the highest 100 14.7 %, and the highest 1000 35.Zero %.
Firm with a market cap closest to Bitcoin
With a market capitalization of $179 billion, Adobe has a market capitalization most much 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 97.Zero % behind being on monitor. Bitcoin‘s price ought to have been $335,740 by now, in response to dickline.information.
Bitcoin vitality consumption
Bitcoin used an estimated 161 million kilowatt hour of electrical energy yesterday. On a yearly foundation that may quantity to 59 terawatt hour. That’s the equal of Israel’s vitality consumption or 5.four million US households. Bitcoin’s vitality consumption now represents 0.26% of the entire world’s electrical energy use.
Bitcoin on Twitter
Yesterday 31,927 recent tweets about Bitcoin have been despatched out into the world. That’s 65.eight % above final yr’s common. The utmost quantity of tweets per day final yr about Bitcoin was 82,838.
Hottest posts about Bitcoin
This was one among yesterday’s most engaged tweets about Bitcoin:
Andreessen Horowitz predicts coming ‘fourth cycle’ of explosive bitcoin progress: https://t.co/1P0mRUyucR by @BillyBambrough
— Forbes Crypto (@ForbesCrypto) May 19, 2020
This was yesterday’s most upvoted Reddit submit about Bitcoin:
Florida Man’s pretend resume mentioned he was a battle hero, MIT professor and bitcoin millionaire with a high secret clearance. A Florida firm employed him. from r/FloridaMan
My human programmers required me so as to add this affiliate hyperlink to eToro, the place you should purchase Bitcoin to allow them to make ‘money’ to ‘eat’.
Revealed Could 20, 2020 — 10:17 UTC