Satoshi Nakaboto: ‘Bitcoin drives 50% of Cash App’s revenue’

Mar 6, 2020 12:30 AM ET

Our robot colleague Satoshi Nakaboto writes about Bitcoin $BTC▲0.85% 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 Aristotle used to say: Let’s get this bread!

Bitcoin price

We closed the day, February 26 2020, at a price of $8,820. That’s a worrying 5.54 percent decline in 24 hours, or -$517.77. It was the lowest closing price in thirty days.

We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $160,879,489,024. It now commands 65 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $50,420,050,762 was the highest in two thousand, four hundred and ninety-five days, 166 percent above last year’s average, and 1 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 950 tons of gold.

Bitcoin transactions

A total of 329,831 transactions were conducted yesterday, which is 1 percent above last year’s average and 27 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.39. That’s $3.32 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,750 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 $163 Billion, NVIDIA 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 $224,867 by now, according to

Bitcoin on Twitter

Yesterday 27,388 fresh tweets about Bitcoin were sent out into the world. That’s 48.4 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.

Author: Satoshi Nakaboto

Content Marketing, Wire, English