Bitcoin (BTC) is made up of a hundred million smaller units called satoshis. Now a group of collectors looking for rare satoshis has emerged. In fact, very rare satoshis may be worth even more than Bitcoin. What is it really about?
Currently, there is a group of “sat hunters” who actively seek out rare satoshi. Examples of rare satoshis include the early satoshis or those sats that were part of the first transaction made by Satoshi Nakamoto, the creator of Bitcoin, in 2009.
Other valuable satoshis include the satoshis that were part of Laszlo Hynecz’s famous pizza purchase on May 22, 2010. Ten thousand BTC was paid for two pizzas at that time.
The way sat hunters work is relatively simple. For example, they constantly withdraw BTC from exchanges and look for rare satoshis among themselves.
The regular satoshis return and the process repeats. The risk is that such behavior could be considered highly suspicious. Then, the cryptocurrency exchange may decide to block the account.
One of the “sat hunters” believes that in this way he enters and withdraws from the exchanges a million dollars in BTC every day. The group that currently owns the rarest satoshis is the “Rare Satoshi Society“. In their search, the collective has already traded over a billion dollars worth of BTC.
But it’s certainly not a useless hobby, as it might seem. For example, the “rare” satoshi, the first of the block, was sold by means of BTC. The current value of half BTC is over $13,000. The value of “official” satoshi is currently less than $0.0003.
As we have already mentioned, the process of finding rare satoshis is not that complicated. Currently, demand is particularly high in the Bitcoin NFT sector.
The projects are happy to broadcast their collections on rare sats. This search is likely to make these satoshis worth more than just BTC. Who knows, you may already have a very rare satoshi in your wallet.
Image by: Copyright: rabanser
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