About a decade ago, a unique form of currency – a digital currency at that – was released by Satoshi Nakamoto, a man [or maybe woman] who has chosen to remain ‘faceless’. At the initial stage, this digital currency did not appear to garner much attention but years down the line, it has become a currency of interest among it's peers.
This currency is no other than Bitcoin (BTC) which has now reshaped [and is still reshaping] how transactions are closed. The number of persons and merchants that currently see bitcoin as a medium of exchange keeps growing by the day. According to a report from a Cambridge University study, there were between 2.9 million – 5.8 million users of Bitcoin across the world as of 2017. That figure shows that this currency is not one to be undervalued.
This is what takes us into discussing about the real cost of Bitcoin. It may interest you to know that:
1 BTC presently equals ₦1,365,449.80
But what if you don’t have up to a million plus to purchase 1 BTC?
Let’s see the amount of Bitcoin your money can buy. Here, we have some examples of the amount [or fraction] of Bitcoin you can get at various prices – in the order of unit, ten, hundreds, thousands and millions.
₦1 = 0.00000073BTC
₦10 = 0.0000073BTC
₦100 = 0.000073BTC
₦1000 = 0.00073BTC
₦10,000 = 0.0073BTC
₦100,000 = 0.073BTC
₦1,000,000 = 0.73BTC
₦10,000,000 = 7.3 BTC
₦1,000,000,000 = 73BTC
With these examples, you should be able to calculate the proportion/amount of Bitcoin you can get for a certain amount of money in Naira.