What is one Satoshi Currently Worth?

The value of a single Bitcoin continues to rise in value since its creation in 2009, which means that the value of a single Satoshi continues to rise as well. Due to the fact that there are 100 million Satoshi’s in a Bitcoin and the current price of bitcoin is $16k, as of writing this, one Satoshi is therefore equal to R0.00224. In time we could see 1 Satoshi become as valuable as 1 Rand but for now 416 Satoshi or 0.00000416 BTC is currently worth 1 Rand.

Here is a diagram to help you convert easily convert Satoshi to Bitcoin.

 

Who’s Ready To Become A
Satoshi Millionaire?

No, this is not the latest crypto installment of Who Wants To Become A Millionaire, this is a real life no-questions-asked oppertunity to become a legendary Satoshi Millionaire.

What is a Satoshi Millionaire?

A Satoshi Millionaire is an individual who owns more than one tenth of a Bitcoin (0.01BTC). As of 23 October 2020, Bitcoin is worth $13 000 (or R210 000). Bitcoin was worth about $300 (or R5 000) in 2015 which might mean that these next Satoshi Millionaires during 2020, in 5 years will own 0.01BTC worth $5,500 or (R89 248) each.

What will be happening?

Straight out of South Africa, 4King Media have been dominating in the blockchain and cryptocurrency marketing industry since 2013, serving a predominantly international crowd. This year as tides shifted and many countries were thrown into economic instability, 4King realised that it’s time we bring it back home. #StrongerTogether, right?

4King Media is encouraging clients to open services to South Africa and provide significant economic opportunities to the unbanked. Together, alongside our clients, we will start with 1 per week and soon be creating Satoshi Millionaires daily in South Africa. If there was ever a time to live in South Africa and be on top of your crypto game, its now!

Bitcoin was introduced to the world in 2009 by Satoshi Nakamoto. Initially designed in response to the global financial crisis, the Bitcoin: A Peer-to-Peer Electronic Cash System whitepaper served as the foundation for both the cryptocurrency and blockchain industries. For those that don’t know, Bitcoin is a decentralised digital currency that can be used as both a store of value and medium of exchange. Decentralised means that no one owns or controls it, it is entirely run by the power of the community. Requiring the work of the community to operate, the network equally distributes wealth to the banked and unbanked corners of the globe.

The Satoshi Lowdown

While some are totally up to speed with Bitcoin and the crypto industry at its entirety, others are only coming to the realisation now. What is Bitcoin and who created Bitcoin are still hot topics, and rightly so. While the industry has many participants, there is always room for more. So let’s crack down on the basics, we’re aiming for fully inclusive financial freedom for all.

Bitcoin was introduced to the world in 2009 by Satoshi Nakamoto. Initially designed in response to the global financial crisis, the Bitcoin: A Peer-to-Peer Electronic Cash System whitepaper served as the foundation for both the cryptocurrency and blockchain industries. For those that don’t know, Bitcoin is a decentralised digital currency that can be used as both a store of value and medium of exchange. Decentralised means that no one owns or controls it, it is entirely run by the power of the community. Requiring the work of the community to operate, the network equally distributes wealth to the banked and unbanked corners of the globe.

Similar to fiat currencies, Bitcoin can be broken down into smaller fractions. As Rands can be broken down into cents, so too can Bitcoin, only the cryptocurrency is divisible by up to eight points. The smallest fraction of Bitcoin is known as a Satoshi, similar to a cent but only much more valuable. As every Bitcoin has 100,000,000 Satoshis, becoming a Satoshi Millionaire is still an enviable feat (coming in at roughly R1,800).

About: Remitano

The platform facilitates the P2P trading of a variety of cryptocurrencies, namely Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT). By easily creating a buy and sell ad, the platform allows fellow local traders to virtually meet and use local bank accounts, and ensures the security of these trades through escrow accounts.

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