Satoshi Nakaboto: ‘Grayscale Bitcoin Trust now manages 2% of all Bitcoin’

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC 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 Albert Einstein used to say: Let’s whip up a knowledge omelette!

Bitcoin price

We closed the day, April 16 2020, at a price of $7,116. That’s a decent 7.17 percent increase in 24 hours, or $476. It was the highest closing price in six days.

We’re still 64 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $130,445,413,270. It now commands 65 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $46,783,242,377 was the highest in nine days, 120 percent above the year’s average, and 36 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 861 tons of gold.

Bitcoin transactions

A total of 322,749 transactions were conducted yesterday, which is 0 percent above the year’s average and 28 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.28. That’s $3.43 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 10,880 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.9 percent, and the top 1000 35.1 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $129 billion, Thermo Fisher Scientific 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 97.5 percent behind being on track. Bitcoin‘s price should have been $286,280 by now, according to

Bitcoin Energy Consumption

Bitcoin used an estimated 202 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 74 terawatt hour. That’s the equivalent of Venezuela’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.33% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 30,583 fresh tweets about Bitcoin were sent out into the world. That’s 62.3 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 75,543.

Most popular posts about Bitcoin

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

-> $500 million was invested into the Grayscale funds in Q1, a quarterly record

-> Grayscale’s ten funds now hold 1.2% of ALL crypto in circulation and 1.7% of bitcoin in the world

— Barry Silbert (@barrysilbert) April 16, 2020

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

Bitcoin…The King. from r/Bitcoin


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

Published April 17, 2020 — 10:22 UTC

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