Someone on Telegram just made this exquisitely incorrect statement...

"Crypto is not a valuable currency; this is because if you take #Bitcoin for example, in one Bitcoin there are 100,000,000 sats, so it's safe to say one Bitcoin = $99,000, so Bitcoin is not as valuable as the media portrays it to be."

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They sure know there stuff

He probably want to say 1 sat worth nothing and you need to have 100,000,000 for 1 bitcoin so that's a lot of sats. Compare to dollar you only need 100 cents to make $1

But it's terribly wrong about value 🤣 please orange pill that guy the right way

It will never cease to amaze me how eager some people are to prove their ignorance in public.

i do not understand the statement

It gets dumber everytime you read it.