According to crypto lore, a “sat” refers to a satoshi, the smallest unit of Bitcoin, named after its mysterious creator, Satoshi Nakamoto. Thus, 1 BTC is equivalent to 100 million satoshis. The phrase “stack sats” has become popular among Bitcoin supporters, encouraging consistent accumulation over time, regardless of price volatility.
This philosophy underscores the importance of long-term investment and patience, suggesting that accumulating small amounts of cryptocurrency can steadily lead to significant gains over time.
Saylor’s message encapsulates this investment strategy and reflects his broader views on Bitcoin. He advocates for a disciplined approach to investing, warning against the pitfalls of trying to time the market or making large, speculative bets.
While he urges people to be humble and accumulate Bitcoin, even in small fractions, the price of the major cryptocurrency continues to test everyone’s patience.
For the past two weeks, BTC has been trading in an extremely narrow price corridor, with an upper boundary of $72,000 and a lower one of $66,800. At the same time, the price of Bitcoin is held at $68,000 most of the time.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
