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I know that 1000 sats per dollar = a $100,000 Bitcoin and 100 sats per dollar = a $1,000,000 Bitcoin. But when I look at this graph I canât compute what the price of a coin would be at 800 sats per dollar or 300. It falls apart in my head!
Could someone better than me at math give a formula to feed the calculator for this?
https://hodl.camp/sats_per_dollar/
#math #bitcoin
When you're dealing with Satoshis per dollar, the price of Bitcoin can be calculated using the formula:
Bitcoin Price
=
100
,
000
,
000
satoshis per Bitcoin
satoshis per dollar
Bitcoin Price=
satoshis per dollar
100,000,000satoshis per Bitcoin
Example 1: 800 sats per dollar
To calculate the Bitcoin price when 1 dollar equals 800 sats:
Bitcoin Price
=
100
,
000
,
000
800
=
125
,
000
USD per Bitcoin
Bitcoin Price=
800
100,000,000
=125,000USD per Bitcoin
Example 2: 300 sats per dollar
To calculate the Bitcoin price when 1 dollar equals 300 sats:
Bitcoin Price
=
100
,
000
,
000
300
=
333
,
333.33
USD per Bitcoin
Bitcoin Price=
300
100,000,000
=333,333.33USD per Bitcoin
So for any given number of sats per dollar, you just divide the total number of Satoshis in a Bitcoin (100,000,000) by the number of Satoshis per dollar to get the price of Bitcoin in USD.
In summary, the formula you can use is:
Bitcoin Price
=
100
,
000
,
000
Sats per Dollar
Bitcoin Price=
Sats per Dollar
100,000,000
ChatGPT can make mistakes. Check importan
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