A satoshi isn’t worth much, but that’s by design. At one hundred-millionth of a bitcoin, it’s the smallest unit BTC is divisible into. If bitcoin price hits $1 million, then a microbitcoin (mBTC) will be worth a dollar, and a satoshi, the equivalent of one cent. However, one satoshi is already worth more than several national currencies. Which means that in some countries, owning just one-hundredth of a bitcoin would make you a millionaire.
1. Iranian Rial
Top (or should that be bottom) of the charts when it comes to ‘how many can you buy for a satoshi?’, is the Iranian Rial. After the United States unilaterally withdrew from the international Joint Comprehensive Plan of Action and reimposed sanctions, the Iranian economy has suffered greatly.
Currency value has continued to tumble, however, and you can currently buy five rials for just one satoshi.
2. Vietnamese Dong
Next up is the Vietnamese Dong. Mildly amusing name aside, one satoshi could buy you 2.75 dong at current rates.
Perhaps this should serve as a warning against anti-cryptocurrency sentiment. Last summer, the Vietnamese Central Bank called for a ban on the imports of cryptocurrency mining rigs. This was swiftly followed by a blanket ban on all cryptocurrency-related activities.
This hardline stance seems to be easing, with a reportedly fully-authorized crypto-exchange announced earlier this year.
Whether this improves the outlook for the dong remains to be seen.
3. Indonesian Rupiah
Indonesia is another country that imposed an all-out ban on cryptocurrencies,