The Tiniest Fraction of a Bitcoin is Now Worth More Than 3 Fiat Currencies

Bitcoin has long been more ‘expensive’ per one BTC particularly compared to other fiat currencies. Now, its smallest unit known as a satoshi (or 0.00000001 BTC) is now worth more than some national currencies.  


In an interesting Reddit thread, one Bitcoin enthusiast noted that, at the current rates, one Satoshi is worth more than one unit of these three global fiat currencies.

Iranian Rial

As far as sh**coins go, Iran’s doing pretty well with its rial (IRR). If you want to feel rich, this is the ideal place to saunter around the streets with your wads of cash. One U.S. dollar will get you a staggering 42,101 rials.

The government devalued its national currency in July 2013 to half of its former value. This was meant to reduce the subsidization of the exchange rate against the dollar.

With increasing U.S. sanctions, Iran came up with a second sh**coin in the form of a centralized and highly questionable “crypto rial”. However, the PayMon, is yet to prove itself as a plausible way of avoiding them.

Inflation in this country could reach as much as 40 percent by the end of this year. The economy is also expected to retract substantially as well. Oh, and one satoshi is worth more than one Irian Rial right now.

Vietnamese Dong

You don’t get quite as much bang for your buck with the Vietnamese Dong. But it’s not that far behind Iran, at 23,321 dongs for a dollar.

Vietnamese Dong USD

Coins have long become extinct in this southeast Asian country (you can see them in museums) and its people are used to using bills with tons of zeros on them. The smallest bill starts at 100 dongs and the largest goes all the way up to 500,000 dongs.

Just like Iran, the Dong has been devalued several times. However, that seems to have attracted plenty of foreign investment and the economy is booming here. It also has sensible inflation rate at just over 4 percent.

While trading BTC is still legal, the State Bank of Vietnam banned using it as a means of payment. It’s also clamping down on…

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