Galaxy Digital CEO and prominent Bitcoin (BTC) proponent Mike Novogratz recently explained that crypto exchanges today should start switching over to listing satoshis (Sats) instead of BTC to spark an even wider adoption for the crypto.
According to him, people nowadays are widely interested in BTC investing. However, most are dissuaded by the notion that they must first purchase a whole 1 BTC before they could even participate when, in fact, they could first buy a fraction of it. These are the Sats, the smallest BTC unit (0.00000001 BTC = 1 sat), which is also a term derived from the pseudonymous creator, Satoshi Nakamoto.
Novogratz argues that if exchanges start introducing Sats via their listings, more and more people could feel compelled to go ahead and invest in the crypto – albeit in much smaller values.
In his Twitter account, Novogratz states that it is now the right time to switch over to Satoshis while also asking which exchange will be the very first to do so. The Galaxy Digital CEO felt strongly about this that he did not mince even a bit to tag the top heads of the crypto space on his aforementioned tweet. This includes Binance’s Changpeng Zhao, Coinbase’s Brian Armstrong, Gemini’s Tyler Winklevoss, and FTX’s Sam Bankman-Fried.