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 Foucault used to say: There’s only one way to go from here!
Bitcoin price
We closed the day, April 09 2020, at a price of $7,302. That’s a minor 0.48 percent decline in 24 hours, or -$35.88. It was the lowest closing price in one day.
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 $133,737,857,010. It now commands 65 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $34,815,139,178 was the lowest in three days, 65 percent above last year’s average, and 53 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 643 tons of gold.
Bitcoin transactions
A total of 286,552 transactions were conducted yesterday, which is 11 percent below last year’s average and 36 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.28. That’s $3.43 below last year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,784 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 15.2 percent, and the top 1000 35.1 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $134 billion, Nike 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 97.3 percent behind being on track. Bitcoin’s price should have been $276,764 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 198 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 72 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,7 million US households. Bitcoin’s energy consumption now represents 0.32% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 29,133 fresh tweets about Bitcoin were sent out into the world. That’s 55.0 percent above last year’s average. The maximum amount of tweets per day last 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 c>an buy Bitcoin so they can make ‘money’ to ‘eat’.
Elon Musk just earned $780 million from Tesla — but there’s a catch
It’s a big day for Elon Musk. The enigmatic billionaire just unlocked almost $800 million worth of cheap Tesla shares — the first payout in what’s considered the largest compensation package of its kind in history.
Indeed, Musk can now buy around 1.7 million Tesla shares for $350.02 each, a total cost of just over $595 million. Tesla stock opened Friday trade at $808.32, which means Musk hypothetically stands to profit around $778.6 million in just two trades.
Musk earned the shares by keeping the trailing average of Tesla‘s market cap above $100 billion over both 30-day and six-month periods, having already satisfied preliminary conditions of the payout back in 2018.
Tesla agreed to Musk’s 12-tier rewards scheme back in 2018, when its market cap was just $58 billion. In fact, this is the only way that Musk earns money with Tesla as the company doesn’t actually pay its CEO a salary.
Musk can’t dump his new Tesla shares just yet
Tesla and Musk are so intertwined that Tesla stock makes up most of his money. Forbes says Musk is worth $36.6 billion , and the latest SEC docs show he sits on an enormous stack of $TSLA stock valued at almost $31.3 billion at today’s prices, equal to just over 20% of the company.
For now, there’s no indication that Musk has taken advantage of his cheap shares, but a clause in his contract demands holding them for at least five years — so we won’t see Musk suddenly dump his freshly-earned stock all over the market for a while.
The real kicker is that Thursday’s $780 million is just the first of 12 possible paydays for Musk, which occur as Tesla‘s market cap grows in $50 billion increments.
Achieving access to the full suite of compensation would see Musk acquire 20,264,042 Tesla shares, but determining their worth is difficult as it’s ultimately tied to their future price.
Still, early estimates suggest that Musk stands to earn at least $56 billion with the package, with a final milestone that requires Tesla to maintain an average market cap of $650 billion.
To help visualise exactly how big Tesla would be in that case, you can track its performance along with the rest of the NASDAQ 100 index (plus Bitcoin!) from the start of year here .
Satoshi Nakaboto: ‘Bitcoin down along with global markets, thx corona :(’
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 Habermass used to say: To infinity, and beyond!
Bitcoin price
We closed the day, February 25 2020, at a price of $9,341. That’s a notable 3.20 percent decline in 24 hours, or -$309.60. It was the lowest closing price in twenty days.
We’re still 53 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $170,369,581,558. It now commands 65 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $42,515,259,129 was the lowest in one day, 125 percent above last year’s average, and 13 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 803 tons of gold.
Bitcoin transactions
A total of 334,449 transactions were conducted yesterday, which is 2 percent above last year’s average and 26 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.34. That’s $3.37 below last year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 13,232 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 34.7 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $171 Billion, Boeing 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 95.8 percent behind being on track. Bitcoin‘s price should have been $223,783 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 27,251 fresh tweets about Bitcoin were sent out into the world. That’s 47.8 percent above last year’s average. The maximum amount of tweets per day last 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’.
