Many love to scoff at Bitcoin (BTC), claiming that it’s not ‘real money.’ However, its smallest denomination, commonly referred to as a ‘satoshi,’ is currently worth more than some national fiat currencies.
Bitcoin has often been called ‘magic internet money,’ mostly in a pejorative sense. However, the reality is that one satoshi (0.00000001 BTC) is actually worth more than a singular unit of many state-issued currencies.
At the time of writing these currencies are worth less than one satoshi:
1 Iranian rial is equal to 0.00000000310084 BTC.
1 Vietnamese dong is equal to 0.00000000558906 BTC.
1 Indonesian rupiah is equal to 0.00000000916029 BTC.
1 Laotian kip is equal to 0.000000015 BTC.
1 Sierra Leonean leone is equal to 0.000000015 BTC.
1 Paraguayan guaraní is equal to 0.00000002 BTC.