One Satoshi Is Now Worth More Than 7 National Currencies

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A satoshi isn’t worth much, but that’s by design. At one hundred-millionth of a bitcoin, it’s the smallest unit BTC is divisible into. If bitcoin price hits $1 million, then a microbitcoin (mBTC) will be worth a dollar, and a satoshi, the equivalent of one cent. However, one satoshi is already worth more than several national currencies. Which means that in some countries, owning just one-hundredth of a bitcoin would make you a millionaire. 1. Iranian Rial Top (or should that be bottom) of the charts when it comes to ‘how many can you buy for a satoshi?’, is the Iranian Rial. After the United States unilaterally withdrew from the international Joint Comprehensive Plan of Action and reimposed sanctions, the Iranian economy has suffered greatly. In an attempt to counter this, the Iranian authorities reversed an earlier ban on bitcoin and cryptocurrency, and more recently, approved cryptocurrency mining in the…

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