11:33Coinmarketcap is Now Tracking Bitcoin’s Smallest Unit, Satoshi (SATS)
The crypto tracking website of Coinmarketcap has listed Bitcoin’s smallest unit of Satoshi (SATS).
Satoshi (SATS) is currently ranked 4,988 on the tracking website with a value of $0.0005846 or 0.00000001 BTC as seen in the following screenshot.
Coinmarketcap is Now Tracking Bitcoin's Smallest Unit, Satoshi (SATS) 14
It Might Be Time to Switch to Satoshi – Mike Novogratz
According to Mr. Novogratz, too many people see Bitcoin as being too expensive and a switch to its lowest denomination would remove the idea that BTC is out of reach for the regular investor.
At the current value of $0.0005845, one Satoshi paints a picture of an affordable Bitcoin since 1 SATS is lower than a dollar. The same $1 can net investors roughly 1,710 Satoshi (SATS).
Mr. Novogratz went on to challenge the CEOs of Binance, Coinbase, FTX and Coinbase, by asking whom amongst them would be the first to list Satoshi (SATS) for trading.
His idea of switching to Satoshi can be found in the tweet below.
Investors Owning Less than 1 Bitcoin Continue Staking Sats
Bitcoin accumulation by ‘sat stackers’ has continued slow, steady and uninterrupted for many years. Addresses holding less than 1BTC now own 5.25% of the circulating $BTC supply.
So far we’ve not seen a FOMO impulse like 2017 blow-off top.
|Total comments: 0|
|China's measures take wind out of Bitcoin's sails (0)|
|Bitcoin enters 'death cross' amid China crackdown (0)|
|Bitcoin briefly crashed again, wiping out 2021 gains. Here's why. (0)|
|El Salvador’s Bitcoin move is unconstitutional, new lawsuit says, amid claims the President is getting cold feet (0)|
|Peter Schiff Unveils Best Time to Buy Bitcoin – It’s About MicroStrategy (0)|
|Bitcoin Bull Mike Novogratz on Chinese Crackdown: "Will Take Some Time to Play Out" (0)|
|Jim Cramer sells 'almost all' of his bitcoin as prices hit 2-week lows on China crackdown (0)|
|Cryptocurrencies tumble amid China crackdown on bitcoin miners (0)|
|Ether Plunges Below $2K, Bitcoin Dips to $32K (0)|
|U.S. Bitcoin Mining Firm Pioneers Alternative Flare Gas Energy (0)|