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 real 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 July 21, 2023 at 09:55PM by deckartcain https://bit.ly/3Y1vF6K
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