More important people in the crypto space have been highlighting the importance of thinking in sats rather than in Bitcoin.
In order for the mainstream adoption of Bitcoin to fully explode at the global level, people have to understand that they can buy fractions of BTC. These are Satoshis.
A lot of potential investors are not putting their cash into BTC because they’re always thinking that they can never buy one whole BTC and this is a massive drawback.
Sats definitely have to be listed on exchanges as fractions of a BTC.
Sats are the next Doge coins
1 sat is 0.00000001 BTC. Check out what analyst Plan B just tweeted:
I ❤ Sats. Great project, great team.
We are early: 1 sat = $0.00059 !!
Could go to $1 ?
Sats are listed on every big exchange (ticker $BTC). pic.twitter.com/FrzWBEMXxI
— PlanB (@100trillionUSD) May 8, 2021
Someone hopped in the comments and asked the following question: ‘Where can I buy it? Serious question. it’s not available on Binance unless I misspelt the token name?’
Plan B responded: ‘1 sat = 0.00000001 BTC. Most exchanges still use the old ticker symbol “BTC” (in the old days, people grouped 100,000,000 sats together and called that 1 BTC).’
Someone else had a great idea and said: ‘Question. How do we get the exchanges to start pricing Bitcoin in Satoshis so plebes start buying corn? This is a big issue as so many people are too stupid to realize they don’t have to buy whole coins. Use your clout and make it happen.’
Plan B also said that Sats are the next Doge coins.
Bitcoin to reach hundreds of US banks in 2021
In other recent news, CNBC learned that Bitcoin could be taking another massive step towards mainstream adoption in 2021.
It’s been revealed that the customers of some US banks will be able to buy, hold and sell BTC via their already existing accounts, says crypto custody firm NYDIG.
The company is a subsidiary of $10 billion New York-based asset manager Stone Ridge, and it has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer BTC in the coming months, according to the two firms.
CNBC says that “Hundreds of banks are already enrolled in the program, according to Patrick Sells, head of bank solutions at NYDIG.”