At 0.02 cents, the humble satoshi still has a long way to go to hit parity with the cent, let alone an entire dollar.
Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or “sat”.
As more first-time investors pile in to BTC, attention is once again highlighting the fact that many still think Bitcoin cannot be divided and is “too expensive.”
Buy Bitcoin? Too expensive
A frequent point of debate throughout Bitcoin’s recent history, the problem of how to solve this misconception and introduce sats to a wider audience is now back in the spotlight.
This week, statistician Willy Woo publicly approached listings site CoinGecko with an appeal to make the tiny satoshi more visible.
“Put up a smaller unit as the default on BTC on your site and see if it catches on.