MultiversX Tracker is Live!

1000 SATS is now equal to 0.3$USD. We're reaching a point where SATS will soon be a useful way of pricing goods! PERSPECTIVE

Bitcoin Reddit

More / Bitcoin Reddit 37 Views

For those who don't know, a SAT also called Satoshi, is the lowest number that a Bitcoin can be split into. One Bitcoin is equal to 100 million SATS.

That might sound like a very large number, and make Bitcoins lowest denominational value sound like an useless measurement.

But as the price has been going up over the years, the value of each SAT has also been going up, and we're now at the point where Bitcoin's SATS are individually worth more than a lot of traditional currencies.

As a comparison we can look at the value of other currencies used around the world, and their value relative to the dollar.

42.250 Iranian Rial is equal to 1$

23.650 Vietnam Dong is equal to 1$

19.900 Laotian Kips is equal to 1$

1300 South Korean Won is equal to 1$

That means that if Bitcoin hits just 90.000$ one SAT will be worth the same as 1 Korean Won, a legitimate currency backed by a great country.

As someone who has been in crypto since it was below 300$ it boggles my mind that we've already reached this point, and makes me super exited for the future of Bitcoin as an everyday payment method.

submitted by /u/deckartcain
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments