Satoshi Nakaboto: ‘Bitcoin’s price should be $150,000 now, according to John McAfee’s prediction’-Computerfanfield

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 Sloterdijk used to say: Let’s make it rock!

Bitcoin Price

We closed the day, December 02 2019, at a price of $7,321. That’s a minor 1.37 percent decline in 24 hours, or -$102.05. It was the lowest closing price in five 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 $132,378,982,377. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $17,082,040,706 was the lowest in fifteen days, 4 percent above the year’s average, and 62 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 362 tons of gold.

Bitcoin transactions

A total of 314,585 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 $0.26. That’s $3.45 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,268 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.7 percent of the total supply, the top 100 15.0 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $134 billion, Bristol-Myers Squibb 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 95.0 percent behind being on track. Bitcoin‘s price should have been $148,441 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 16,129 fresh tweets about Bitcoin were sent out into the world. That’s 12.3 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Big Tech told Congress there’s loads of competition. This chart says otherwise

The chief execs of Facebook, Amazon, Apple, and Alphabet (FAAA) took turns defending their business practices during an antitrust hearing in Congress on Wednesday.

Each CEO faced scrutiny over slightly different matters, but they generally projected the same idea: their successes are simply the result of their own ingenuity, and not due any monopolistic power-plays despite the mounting evidence.

“The retail market we participate in is extraordinarily large and competitive,” said Amazon’s Jeff Bezos, according to the Wall Street Journal . Bezos, by far the world’s richest person, broke records earlier this month when his fortune grew by $13 billion in a single day, thanks to surging Amazon stock.

Apple is the antitrust crew’s best performing tech giant

But the divide between the US tech giants and smaller firms is severe since the enormous stock market crash that occurred in March.

The graph below charts the past year’s market performance of Facebook, Amazon, Apple, and Alphabet against the S&P Small Cap 600 Information Technology index, as tracked by Invesco’s corresponding ETF (PSCT).

PSCT follows 74 companies valued between $300 million and $1.4 billion, and serves as a benchmark for the smaller (but investable) fish in US tech.

First, note how well Apple stock has performed, both pre- and post-COVID crash. $AAPL is up more than 80% since this time last year despite the market turmoil.

This added nearly $694 billion to its market value, solidifying the iPhone maker’s position as the most valuable US company, tech or otherwise.

Overall, the data shows US tech small caps have recovered far slower than FAAA, which is up 46% since this time last year.

But check how US tech small caps performed in the first half of the chart. PSCT tracked pretty well alongside Facebook and Alphabet, and was even way ahead of Amazon at the start of 2020 — right up until February, when the COVID-19 threat began to coalesce in the West.

The difference is most apparent when comparing FAAA’s market performance against their small cap counterparts over the year-to-date.

Amazon (59%), Apple (26%), Alphabet (10%), and Facebook (10%) are all well in the green in 2020, while PSCT is still looking heavy, down more than 6%.

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As for what will alleviate FAAA’s apparent control over the market, House Antitrust Committee Chairman David Cicilline maintained that tech giants present a modern problem that requires specialized regulation.

“Some need to be broken up, all need to be properly regulated and held accountable. We need to ensure the antitrust laws first written more than a century ago work in the digital age,” concluded Cicilline.

Satoshi Nakaboto: ‘New York power plant makes $50K a day mining Bitcoin’

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 get it!

Bitcoin price

We closed the day, March 05 2020, at a price of $9,078. That’s a respectable 3.63 percent increase in 24 hours, or $318. It was the highest closing price in eight days.

We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $165,731,679,918. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $39,698,054,597 was the highest in one day, 105 percent above last year’s average, and 21 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 732 tons of gold.

Bitcoin transactions

A total of 349,366 transactions were conducted yesterday, which is 7 percent above last year’s average and 22 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.27. That’s $3.43 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,169 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 14.9 percent, and the top 1000 34.6 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $167 Billion, Cisco 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 96.1 percent behind being on track. Bitcoin‘s price should have been $233,724 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 213 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 78 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7,2 million US households. Bitcoin’s energy consumption now represents 0.35% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 26,232 fresh tweets about Bitcoin were sent out into the world. That’s 41.8 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.