The demise of Fiat

Now we have crossed the Rubicon of 1000 sats per United States dollar, I made a chart. It depicts the top 100 fiat currencies, denominated in satoshis, starting from the moment bitcoin had a price.

Most fiat currencies started well above one bitcoin per fiat unit. At some point, they all dropped below a million sats. Not that long ago, they all dropped below 10k sats.

Now, most are below 1000 sats, and some are less than 1 satoshi per fiat unit. In the end, they will all end up there.

Stay humble and stack sats.

While you still can.