HomeCryptoBitcoinThe value of 1 satoshi is greater than 3 fiat currencies

The value of 1 satoshi is greater than 3 fiat currencies

The smallest bitcoin unit, the satoshi, or 0.00000001 BTC, is currently insignificant for many but could be worth a lot in the long run as the price per unit increases. Currently, its value is greater than some fiat currencies: the Rial of Iran, the Dong of Vietnam and the Rupiah of Indonesia.

In Iran, 1 satoshi has the value of 3.06 Rials; in Vietnam, 1 satoshi at the current exchange rate is worth 1.70 Dong; while in Indonesia, it is worth 1.05 Rupees.

The smallest part of bitcoin (BTC) in these countries represents a good investment and could represent a good alternative solution to the fiat currency since it has a higher value than the local currency, a symptom that the centralised currency is not stable, while bitcoin is decentralised and offers, as in this case, a real source of livelihood in the long run.

Latin America & Bitcoin

The same applies to the countries of Latin America. These days trading volume records are being registered on Localbitcoins in Argentina and Venezuela, probably also due to the fact that the Argentine Peso (ARS) has been suffering for several months from a strong devaluation and an inflation rate that now exceeds 50%.

It is therefore probably not by chance that Localbitcoins is recording the highest trading volumes ever recorded in Argentine Pesos.

Alfredo de Candia
Alfredo de Candia
Android developer da oltre 8 anni sul playstore di Google con una decina di app, Alfredo a 21 anni ha scalato il Monte Fuji seguendo il detto "Chi scala il monte Fuji una volta nella vita è un uomo saggio, chi lo scala due volte è un pazzo". Tra le sue app troviamo un dizionario di giapponese, un database di spam e virus, il più completo database sui compleanni di serie Anime e Manga e un database sulle shitcoin. Miner della domenica, Alfredo ha una forte passione per le crypto ed è un fan di EOS.