Bitcoin 1, Traditional Fiat Currency 0: One Satoshi is now worth more than the national currencies of Iran, Vietnam

Bitcoin [BTC], the world’s leading cryptocurrency, has been enjoying a great 2019 after a late-2018 marred by a cruel crypto-winter. Since April however, the cryptocurrency has performed much better than traditional assets, outperforming even the S&P 500.

Some of the key differentiating characteristics that set BTC apart from fiat were: decentralization of the economy, permanent ledger using blockchain technology, and unparalleled transparency for every entity involved.

Created as an alternative, or even as a replacement to traditional fiat currency, Bitcoin [BTC] today is worth more than what it was worth when it was created. Further, as it turns out, a single satoshi (0.00000001 BTC) today, is worth more than several national fiat currencies. This was highlighted by…

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