Twitter CEO Jack Dorsey is Accumulating Bitcoin as Micro-Buying Trend #StackingSats Catches Fire
A few weeks ago, Jack Dorsey, the CEO of Twitter, one of the largest social media platforms in the world, decided to take part in the Lightning Torch with the intention to spread the word about the Lightning Network (LN). He has also talked about Bitcoin (BTC) and supported the Tippin.me application developed by a a crypto enthusiast.
There are several industry leaders that are starting to show their Bitcoin purchases, close to $25. The goal is to show that they are starting to stake a few satoshis before it’s too late and Bitcoin starts growing as in the past.
There were some individuals such as Pierre Rochard that decided to show support for this campaign. Jack Dorsey has also shown its support. On Twitter, he released a post in which he shows that he purchased $29 in BTC, at that time, 0.00751128 BTC, that were purchased using the Cash App.
— jack 🌍🌏🌎 (@jack) March 3, 2019
Matt Odell, a recognized crypto coder, decided to show why is important to purchase satoshis and how much it will change in value in the future. At the moment, it is possible to purchase 262 Satoshis for just a single penny. He went on saying that it is possible to purchase 26,000 Satoshis for a single dollar.
There will only be 21 million Bitcoin ever mined, and the supply is fixed. That means that if there is an increased demand for the digital asset, it will be very difficult for individuals to purchase a single BTC in the future. This is why Satoshis are going to be more valuable as well.
262 sats for a penny
26,200 sats for a dollar
2,262,000 sats for a hundo
— Matt Odell (@matt_odell) March 2, 2019
Another crypto expert, Dennis Pourteaux, explained that if everyone on the planet had an equal number of Bitcoin, they would only have 0.0003 Bitcoin, equal to 30,000 satoshis. This is why it is very important to start thinking in Satoshis.
If everyone on the planet had an equal number of bitcoin, we’d each have 0.0003 bitcoin (300,000 sats). Today you can buy this amount for just over a dollar. It won’t always be this way. https://t.co/JheGzo9g4t
— dennis 🌱 (@pourteaux) February 24, 2019
Although this might be difficult for many individuals to purchase, having a few satoshis might be a good way for every single individual to learn about digital assets and how Bitcoin works.