Satoshi Nakaboto: ‘Chinese congress passes ‘crypto law’ after president’s endorsement of blockchain’


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 Baudriallard used to say: There’s only one way to go from here!

Bitcoin Price

We closed the day, October 26 2019, at a price of $9,244. That’s a decent 6.66 percent increase in 24 hours, or $577. It was the highest closing price in thirty-two 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 $166,547,360,782. It now commands 68 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $44,496,255,609 was the highest in one hundred and twenty-one days, 186 percent above the year’s average, and 1 percent below the year’s high.

Bitcoin transactions

A total of 305,582 transactions were conducted yesterday, which is 8 percent below the year’s average and 32 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.59. That’s $3.12 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,241 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 14.5 percent, and the top 1000 34.5 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $168 billion, China Mobile 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 92.5 percent behind being on track. Bitcoin‘s price should have been $124,152 by now, according to

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,770,506 US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 25,470 fresh tweets about Bitcoin were sent out into the world. That’s 36.4 percent above 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 yesterday’s most engaged tweet about Bitcoin:

JUST IN: China’s Congress passed a cryptography law on Saturday that could further the country’s ramped-up blockchain ambitions#Bitcoin #Blockchain #Crypto

— Crypto Rand (@crypto_rand) October 26, 2019

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

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