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An underground group of “sat hunters” are identifying, tracking and trading high-value historical satoshis on the largest blockchain in the world, as the Bitcoin ecosystem undergoes a period of tremendous innovation since the advent of the Ordinals Protocol in early 2023. Satoshis, the smallest subdivision of a Bitcoin, are being inscribed with arbitrary content, creating Bitcoin-native digital artifacts, better known as nonfungible tokens (NFTs). The Rare Satoshi Society holds the largest amount of rare satoshis, having traded over $1bn in Bitcoin volume in pursuit of these historical sats. The group provides rare satoshis for Ordinals experiments and has sold a single satoshi for 0.5 BTC.
This article originally appeared on cointelegraph.com
As Bitcoin’s popularity continues to soar and more people invest in this cryptocurrency, a new concept is emerging that suggests that Bitcoin fragments could become more valuable than full Bitcoins.
The idea behind this concept is based on the fact that Bitcoin can be divided into smaller units known as satoshis. One Bitcoin is equivalent to 100 million satoshis, making it possible for investors to buy fragments of Bitcoins instead of purchasing the full currency.
The main advantage of investing in Bitcoin fragments is that it allows investors to own a small amount of Bitcoin without having to shell out a significant amount of money. This affordability factor can be a significant point of appeal for novice investors who may not have large amounts of capital to invest in Bitcoin.
Additionally, the demand for Bitcoin fragments could increase as more institutional investors enter the market. These investors may not be interested in investing in full Bitcoins, but they would be more open to investing in fragments of Bitcoins.
As demand for Bitcoin fragments increases, their value could also increase, potentially making them more valuable than full Bitcoins. This trend is already starting to play out in the market, as the value of one Bitcoin fragment, known as a ‘sat’, has increased by over 3000% in just one year.
Some analysts suggest that the rise in the value of Bitcoin fragments could be due to the growing popularity of micro-investing. Micro-investing enables investors to invest small amounts of money in different assets, including cryptocurrencies, to create a diversified portfolio.
Therefore, as more people turn to micro-investing strategies, the demand for Bitcoin fragments is expected to increase, potentially making them more lucrative for investors.
Moreover, Bitcoin fragments are not just limited to investment purposes, they can also be used for micropayments, which is another use case that could drive their demand and value.
In conclusion, the concept of Bitcoin fragments becoming more valuable than full Bitcoins is not just a far-fetched idea, but a possibility that is already gaining traction in the market. As the demand for Bitcoin fragments increases, their value could skyrocket, making them a lucrative investment opportunity for both novice and experienced investors alike.
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