I heard recently that's there's a proposal to start pricing Bitcoin not in the cost of 1 BTC but in 1 satoshi. The idea being to make it seem much cheaper to stack bitcoin.
If my math is correct, it would cost $0.00106 per satoshi, making feel very easy to think about staking sats. Heck, with $100 you could buy 94,339.62 sats! AMAZING!!!
Or is it? What is an insitution wants to buy $1billion of bitcoin. How many sats is that???
I kind of like the idea for making it seem affordable for retail to jump in but not sure it's practical.
Do you think pricing by sats is a good idea?
This is a very cleaver marketing strategy which changes the perspective of a potential buyer. It makes sense as well.
I think eventually we will have to move to such pricing in the future. Bitcoin is not going to stop at the current level and it is expected to go a lot higher. So unless and until we move to such pricing strategy, it will be difficult to find new people to adopt Bitcoin at a higher price range.
I wholeheartedly support this proposal to be honest!