Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent
At 0.02 cents, the humble satoshi still has a long way to go to hit parity with the cent, let alone an entire dollar. Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or “sat.”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 “too expensive.”Buy Bitcoin? Too expensiveA frequent point of debate throughout Bitcoin’s recent history, the problem of how to solve this misconception and introduce sats to a wider audience is now back in....
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A supply cap of 21 million bitcoins would be a problem, if the currency was only divisible up to two points behind the decimal. But that is not the case, as the “cent” value of 1 Bitcoin is called a Satoshi, which is 0.00000001 Bitcoin. As you can see, Bitcoin is divisible up to 8 points behind the decimal, and if we were to compare 1 Satoshi to 1 cent in fiat currency, a full Bitcoin would be equal to 10 million. Multiple that number by 21 million coins, and there is plenty of funds to go around for everyone in the world. Another point the article by The Telegraph focuses on is how....
50 Cent announced today that he will sell his new album Animal Ambition for bitcoin through BitPay. As 50 Cent will not be the only artist interested in providing bitcoin as a payment option, BitPay makes it easy for artists to accept bitcoin. 50 Cent is using a Shopify store to sell his latest album and can, through BitPay's partnership with Shopify, accept payment in bitcoin. There could not be a better combination of innovation in music and payment. We look forward to seeing which other musicians follow suite. With 50 Cent as the first large independent artist to accept bitcoin as a....
The relationship between bitcoin and commercial music doesn't go back too far. Last year, Snoop Dogg (who I will refused to call Snoop Lion) expressed interest in accepting bitcoin for his latest album, and former Spice Girl Mel B actually went through with it by offering her single up in exchange for the digital currency. Now there's a new player in the game: 50 Cent. The rap artist, real name Curtis Jackson, has released his latest album "Animal Ambition" today, and he's accepting bitcoin for it via a connection with BitPay on his Shopify store. Shopify, as you may be aware, integrated....