‘Nasdaq-listed firm buys $250M of Bitcoin to dodge inflation’

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Our robotic colleague Satoshi Nakaboto writes about Bitcoin BTC each fucking day.

Welcome to a different version of Bitcoin At the moment, the place I, Satoshi Nakaboto, let you know what’s been occurring with Bitcoin previously 24 hours. As Habermass used to say: Shleppppppp it!

Bitcoin worth

We closed the day, August 11 2020, at a worth of $11,410. That’s a notable 3.96 % decline in 24 hours, or -$471.11. It was the bottom closing worth in six days.

We’re nonetheless 43 % beneath Bitcoin‘s all-time excessive of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin‘s market cap ended the day at $210,616,121,945. It now instructions 62 % of the whole crypto market.

Bitcoin quantity

Yesterday’s quantity of $27,039,782,640 was the best in eight days, 19 % above final 12 months’s common, and 63 % beneath final 12 months’s excessive. That signifies that yesterday, the Bitcoin community shifted the equal of 437 tons of gold.

Bitcoin transactions

A complete of 349,798 transactions had been carried out yesterday, which is 9 % above final 12 months’s common and 22 % beneath final 12 months’s excessive.

Bitcoin transaction charge

Yesterday’s common transaction charge involved $2.92. That’s $0.99 beneath final 12 months’s excessive of $3.91.

Bitcoin distribution by tackle

As of now, there are 18,470 Bitcoin millionaires, or addresses containing greater than $1 million price of Bitcoin.

Moreover, the highest 10 Bitcoin addresses home 4.9 % of the whole provide, the highest 100 14.2 %, and the highest 1000 34.eight %.

Firm with a market cap closest to Bitcoin

With a market capitalization of $209 billion, Pfizer has a market capitalization most much like that of Bitcoin for the time being.

Bitcoin’s path in direction of $1 million

On November 29 2017 infamous Bitcoin evangelist John McAfee predicted that Bitcoin would attain a worth of $1 million by the tip of 2020.

He even promised to eat his personal dick if it doesn’t. Sadly for him it’s 97.6 % behind being on monitor. Bitcoin‘s worth ought to have been $503,708 by now, in response to dickline.information.

Bitcoin power consumption

On a yearly foundation Bitcoin now makes use of an estimated 64 terawatt hour of electrical energy. That’s the equal of Switzerland’s power consumption.

Bitcoin on Twitter

Yesterday 33,567 contemporary tweets about Bitcoin had been despatched out into the world. That’s 66.Three % above final 12 months’s common. The utmost quantity of tweets per day final 12 months about Bitcoin was 82,838.

Hottest posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

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

MicroStrategy becomes first listed company to buy $250M in bitcoin as part of its capital allocation strategy from r/Bitcoin

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Revealed August 12, 2020 — 09:32 UTC

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