Twitch Gamer Gifted Over $70k Worth of Bitcoin During Livestream

Colin Muller

A video game streamer was gifted over $70,000 worth of bitcoin yesterday, while he played the game RuneScape on the video streaming service Twitch in front of an audience of about two thousand. The several separate donations came as a shock to Sick_Nerd, the player’s gaming handle.

sickNerd1.png

Several viewers recorded the stream and Sick_Nerd’s reactions, who had a hard time believing he was not the subject of a prank. He wrote yesterday on Twitter:

Thank you to my mysteriously benefactor [sic] whoever you are, genuinely a life changing amount of money that I or nobody deserves [sic] but look what happened. Crazy

Sick_Nerd

The bitcoin was donated by a user going by the handle of “lightpuma."

 

RuneScape, developed by Jagex, is a Massively Multiplayer Online Role Playing Game (MMORPG), recognized by the Guiness Book of World Records in 2017 as having the most users in any Massively Multiplayer Online video game - more than 250 million.

The particular version of the game being played by Sick_Nerd appears to be so-called “Old School Runescape.”

Twitch Accepts Crypto

Twitch began offering a crypto donation option, in addition to Paypal, in mid 2018 through another company called Streamlabs. They then launched support for all the usual suspects: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Streamlabs is compatible with Twitch, as well as other streaming platforms such as YouTube, and offers a full suite of software to help streamers manage their livefeeds, content, and donations.

Some gamers make big money livestreaming their play, with one of the biggest streamers claiming to take in $20,000 a month from a combination of donations, advertisements, and subscriptions on Twitch and YouTube. According to TwitchTracker.com, 560 billion minutes worth of Twitch was watched during 2018, all the way from 292 billion in 2016.

Weekly Newsletter

Report: Bitcoin Top Performing Crypto for Q2 2019

Michael LaVere
  • Bitcoin outperformed all other crypto-assets in Q2 2019 according to a CoinGecko report. 
  • Top 5 cryptocurrencies now control 86% of the market. 

Bitcoin was the top-performing cryptocurrency in Q2 2019, despite the rocky price volatility hitting the market. 

Bitcoin Dominance

According to a new report published by CoinGecko, bitcoin outperformed all other digital currencies during the second fiscal quarter of the year.

BTC posted a net gain of 165%, compared to the second-highest performing currency of bitcoin cash at +137%. Ethereum placed third at +107%, with litecoin and XRP rounding out the top five at +103% and +28%  net gains, respectively. 

The average return for the top five currencies in Q2 2019 was +108%, showing an overall robust turn in the marketplace for crypto-assets compared to last year. 

top 5 cryptocurrencies coingeckoTop 5 performing cryptocurrencies during Q2 2019 | Source: CoinGecko

In addition to leading the pack in terms of gains, bitcoin also consolidated its market dominance, while EOS and XRP experienced a retraction. 

According to the report,

 

“Bitcoin’s market dominance increased significantly in Q2 2019, from 54.6% to 65.0% (+10.4%). XRP and EOS lost nearly half of its market dominance. XRP decreased from 9.8% to 5.7% (-4.1%) while EOS decreased from 3.3% to 2.0% (-1.3%).”

 

While bitcoin’s gain in dominance was impressive, the entire top five separated itself from the general pack of altcoins during the last fiscal quarter. 

The report continues, 

 

“Almost all other coins lost market dominance in Q2. By end Q2 2019, the top-5 coins comprised approximately 86% of the overall market capitalization.”

 

Overall Crypto Growth

However, the entire market of crypto increased during that time. CoinGecko called the most recent quarter a “crypto summer,” with total market capitalization for crypto-assets gaining over $200 billion and obliterating previous expectations.

Trading volume also rose steadily, nearly doubling by the end of Q2. 

cryptocurrency market cap trading volume coingeckoTotal market cap and trading volume rose throughout Q2 2019 | Source: CoinGecko

Despite the introduction of Facebook’s libra in June, the price of bitcoin continued to climb on a meteoric rise from $4,000 to above $10,000. CoinGecko reported bullish sentiment growing throughout the quarter, with the original cryptocurrency gaining in positive mentions through social media. 

Bitcoin also eclipsed “stocks” in overall search volume on Google for the first time since Q4 2017, when the price of btc hit its last all-time high.