Depending on what type of person you ask Bitcoin has been described as many things, it is been dubbed as the digital gold, a store of value, a cryptocurrency, rat’s person, money of internet, internet of money and many things but one thing that it is really strives to achieve is to become: money.
Many pundits agree that there is still a long way to go before bitcoin will be able to attain this status, however, the first ever cryptocurrency has taken a major step forward by becoming more valuable than real world currencies.
The lowest denomination of Bitcoin (BTC) is a satoshi which is eight decimal places lower or 0.00000001 BTC at current rates this is around $0.000080 USD, a far ways off from even being valued a penny, the lowest physical coin offered in the United State fiat currency.
Despite this fact a Bitcoin analyst with twitter handle of Rhythmtrader pointed out the satoshi is now worth more than some national currencies such as the Iranian Rial, the Vietnamese Dong and Indonesian Rupiah.
One Satoshi now is around 3.3 Iranian Rial, 1.8 Vietnamese Do and 1.1 indonesian Rupiah, interestingly if one satoshi will ever reach the value of one United States Dollar, each BTC would be valued at $100 million each.
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Headlines for the world of Cryptocurrencies - June 10, 2019
- Target Gets Into The Blockchain Action For Supply Chain Tracking
- Multilateral Response To Crypto Requested By G20 Finance Leaders
- $10,000 Price Level Will Trigger Mass FOMO
- Zilliqa Now Has Smart Contracts Features
- Yahoo-Backed TaoTao Now Open For Business
Headlines for the world of Cryptocurrencies - June 09, 2019
- Binance And Coinbase Dominates Crypto Space
- Samourai Wallet And Nodl Teaming Up For LN With Mixing Features
- A Federal State In Russia To Launch Blockchain Platform For Tourism
- Ukraine Bullish On Blockchain And Cryptocurrencies
- Facebook’s GlobalCoin Interest Yielding?
Headlines for the world of Cryptocurrencies - June 08, 2019
- Walmart In-Home Delivery Service Soon
- Coinbase Seeing 14-Month High On Trading Volume
- Company Behind Budweiser Invests On Blockchain Startup
- Trust Wallet App Now Supports Ravencoin (RVN)
- Bitcoin Overtakes Previous ATH In Argentina Peso
