{"id":136450,"date":"2020-12-18T12:34:50","date_gmt":"2020-12-18T09:34:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent\/"},"modified":"2020-12-18T12:34:50","modified_gmt":"2020-12-18T09:34:50","slug":"bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent\/","title":{"rendered":"# Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e556f1e75\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e556f1e75\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent\/#Buy_Bitcoin_Too_expensive\" >Buy Bitcoin? Too expensive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent\/#A_long_way_to_parity\" >A long way to parity?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or \u201csat.\u201d<\/p>\n<p>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 \u201ctoo expensive.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buy_Bitcoin_Too_expensive\"><\/span>Buy Bitcoin? Too expensive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A frequent point of debate throughout Bitcoin\u2019s recent history, the problem of how to solve this misconception and introduce sats to a wider audience is now back in the spotlight.<\/p>\n<p>This week, statistician Willy Woo publicly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1339459366659899394\">approached<\/a> listings site CoinGecko with an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal to make the tiny satoshi more visible.<\/p>\n<p>\u201cPut up a smaller unit as the default on BTC on your site and see if it catches on. Let\u2019s start a trend,\u201d he offered.<\/p>\n<p>Woo was responding to an experience from <em>Magic Internet Money<\/em> podcast host Brad Mills, who had been told by a prospective buyer that they could not afford an entire Bitcoin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_long_way_to_parity\"><\/span>A long way to parity?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Satoshis are the smallest original subunit of Bitcoin, which is divisible by up to eight decimal places. At current prices, this makes a single satoshi worth around 0.02 cents. One dollar is worth 43 sats.<\/p>\n<p>A <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sat-cent.vercel.app\/\">dedicated resource<\/a> now shows how much BTC\/USD must gain in order for the one sat to equal one cent. For this to happen, Bitcoin would need to challenge the United States\u2019 M2 money supply cap, Woo said \u2014 Bitcoin would need to hit $1 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/9f48c755-e8b0-4446-8ba0-c664e3735055.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin money supply measured in U.S. dollar equivalent value. Source: Woobull<\/em><\/figcaption><\/figure>\n<p>Against that backdrop, a $23,000 Bitcoin price still seems modest. Nonetheless, some currencies have already fallen to satoshi parity of their own accord. In July, the Argentinian peso joined the Lebanese lira in seeing one sat equal their smallest unit of account.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>He further noted that beyond sats, so-called \u201cmillisats,\u201d which exist on the Lightning Network, could be used should the need arise. Lightning remains the most widely-accepted best bet for Bitcoin scaling, and advances in its user experience will allow entry-level Bitcoiners to send tiny payments for next to no fees in the future. <\/p>\n<p>This is achieved by performing transactions off-chain and syncing them later, avoiding the need for miner fees and congesting the Bitcoin blockchain.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent &#8221; Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or \u201csat.\u201d As more first-time investors pile in to BTC, attention is once again highlighting the fact that many&#8230;<\/p>\n","protected":false},"author":1,"featured_media":136451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/ceecbeb2-8a5c-470b-bd3c-166a30af95e9.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-136450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/136450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=136450"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/136450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/136451"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=136450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=136450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=136450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}