Arab Press

بالشعب و للشعب
Saturday, Aug 02, 2025

Bitcoin's Rally Brings Back the Satoshis Debate

Bitcoin's Rally Brings Back the Satoshis Debate

Bitcoin (BTC) in a price discovery mode has reignited discussions over switching to satoshis (sats), the smallest unit of BTC, as the displaying unit for price quotes.

Bitcoin (BTC) in a price discovery mode has reignited discussions over switching to satoshis (sats), the smallest unit of BTC, as the displaying unit for price quotes.

"It is time to start quoting bitcoin/fiat pairs in sats (satoshis) across wallets and exchanges," suggested Digital Currency Group CEO Barry Silbert, asking crypto exchange CEOs what they think.

Coinbase CEO Brian Armstrong showed support but insisted that they need to "come up with something that doesn't confuse new users."

With bitcoin trading at around USD 63,000, USD 100 worth of the coin will be displayed as 0.00158588 BTC. Hinting at this, Armstrong said purchasing "$100 of Bitcoin is such a tiny fraction already."

Peter Smith, CEO and Co-founder of another major crypto platform, Blockchain.com, also supported the idea but pointed out the user experience-related hurdles.

"We probably need to figure out a way to express it in both new and old format for a period of time and coordinate a very close roll out across platforms," he said.


Meanwhile, Jack Dorsey's Cash App has already integrated such a feature, as this payments app is allowing its users to choose sats as their display currency.


Pascal Gauthier, Chairman and CEO of hardware wallet manufacturer Ledger, also chimed in, saying that "it will happen," especially when BTC payments via the Lightning Network become even more common.

Back in May, before a major correction in the crypto market happened and when bitcoin was still trading well over USD 50,000, Galaxy Digital CEO Mike Novogratz also suggested adopting sats. "It is time to switch to satoshis. Too many people telling me at USD 58,000 BTC too expensive," he said at the time.

However, critics argued that quoting in sats could be somehow 'cheapening' bitcoin, which might lead to a price drop. Some even claimed bitcoin's high price is what impresses large investors and institutions.

1 BTC equals 100,000,000 satoshis, which some bitcoiners claim is too confusing. Instead, they recommend using other unit structures like millibitcoins (mBTC) and microbitcoins (μBTC). 1 BTC is equivalent to 1,000 mBTC and 1,000,000 μBTC.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
×