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 Machiavelli used to say: Let’s add the milk of data to the cereal of understanding!
Bitcoin price
We closed the day, April 22 2020, at a price of $7,117. That’s a respectable 3.45 percent increase in 24 hours, or $237. It was the highest closing price in two 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 $130,530,916,077. It now commands 64 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $33,249,153,866 was the highest in one day, 55 percent above the year’s average, and 55 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 599 tons of gold.
Bitcoin transactions
A total of 278,624 transactions were conducted yesterday, which is 13 percent below the year’s average and 38 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.33. That’s $3.38 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,921 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 $132 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 $294,697 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 206 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 75 terawatt hour. That’s the equivalent of Venezuela’s energy consumption or 7 million US households. Bitcoin’s energy consumption now represents 0.34% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 30,981 fresh tweets about Bitcoin were sent out into the world. That’s 63.1 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:
This was yesterday’s most upvoted Reddit post about Bitcoin:
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’.
Satoshi Nakaboto: ‘Bitcoin’s biggest, most expensive mine to be built in Texas’
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 Pasteur used to say: Talk to a stranger on a bus!
Bitcoin Price
We closed the day, November 20 2019, at a price of $8,027. That’s a notable 2.14 percent decline in 24 hours, or -$176.34. It was the lowest closing price in twenty-six days.
We’re still 60 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $144,962,727,398. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $20,764,300,437 was the lowest in two days, 28 percent above the year’s average, and 53 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 440 tons of gold.
Bitcoin transactions
A total of 320,944 transactions were conducted yesterday, which is 2 percent below the year’s average and 29 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.30. That’s $3.41 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 12,003 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.6 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $145 billion, Adobe 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 94.2 percent behind being on track. Bitcoin‘s price should have been $140,083 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 18,338 fresh tweets about Bitcoin were sent out into the world. That’s 0.6 percent below 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 yesterday’s most engaged tweets about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
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’.
15 hedge fund managers earned $12B last year — thanks to bullish tech stocks
Just 15 hedge fund managers collectively earned $12 billion last year, fueled by bullish tech stocks like Facebook and Microsoft.
Even more impressive, Bloomberg reports that five of those managers reaped more than $1 billion all by themselves in 2019. While most of the profits go directly to their clients, these top funds generally take 20% ($200 million) for themselves.
Tech stocks connect these top-performing managers. Most of the highest earners Bloomberg analyzed found significant success with investments in Facebook Inc. and China’s Alibaba Group Holdings Ltd.
The top performing fund manager, Chris Hohn, reportedly backed Google’s parent company Alphabet Inc. and Microsoft to gain 41% for his clients.
“If that’s where the opportunity is [tech], it’s where it is, [b]ut it creates challenges for us,” Aberdeen Asset Management exec Darren Wolf told reporters, adding that many of Aberdeen’s clients already invest in indexes that heavily favor tech stocks like Facebook and Alibaba.
Tech stocks made investors billions last year
Indeed, tech powerhouses Facebook and Alibaba made for great investments last year, with stock prices for both companies increasing by more than 50% in 2019.
Despite managing cloud platforms, digital payments, streaming services, and artificial intelligence initiatives, Jack Ma’s Alibaba is still an e-commerce business. A whopping 85% of its revenue in the third quarter of 2019 came from its online marketplaces (Alibabaom, Taobao, and TMall).
Still, Alibaba’s expansion into other areas of tech makes it easier to benefit from an ever-expanding Chinese economy. This is reflected in its earnings reports, with Alibaba’s annual revenue surging 56% between 2017 and 2019, on average.
As for social media giant Facebook, healthy revenue combined with growth in monthly active users (and a relatively scandal-free year) kept it strong in 2019.
However, Business Insider recently reported that prominent Facebook investor Peter Thiel had sold $11 million worth of Facebook stock earlier this month, reducing his total holdings in the Zuckerberg-led company by 81%.
At one point, Thiel owned roughly $9 billion in Facebook shares, if scaled to today’s market prices.
In 2020, tech stocks certainly seem just as powerful. Markets trading shares in companies like Tesla, Microsoft, and Sprint have all seen positive action this year, the latter of which is enjoying a 75% pump thanks to the approval of its $26.5 billion merger with T-Mobile.
