Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 is now worth approximately over 70 million Yen.
Due to such a high price, purchasing a whole Bitcoin requires a substantial amount of funds. Therefore, many individual investors are buying and trading in smaller units. This leads to the importance of the unit called “bit,” which will be explained next.
Detailed Calculation Method for the Price of 1 “Bit”
To understand the value of 1 “bit,” it is necessary to know about the smallest unit of Bitcoin. 1 Bitcoin can be divided into 100 million of these smallest units, called “1 Satoshi” or “1 bit.”
In other words, the calculation is:
1 bit = 1 Bitcoin ÷ 100,000,000
Based on the current rate, if 1 Bitcoin is worth 70,120,000 Yen, then the value of 1 bit is calculated as follows:
70,120,000 Yen ÷ 100,000,000 = approximately 0.7 Yen
In other words, 1 “bit” is currently a very small unit, less than 1 Yen. This small unit makes it possible to invest in Bitcoin in a more accessible way.
Precautions When Considering Bitcoin Investment
The price of Bitcoin can fluctuate significantly over time. The value of 1 “bit” will also rise and fall in tandem with the overall price fluctuations of Bitcoin.
Those considering investing should carefully observe the current market conditions and make decisions aligned with their investment goals and risk tolerance. Additionally, it is recommended to choose a trustworthy exchange when trading Bitcoin.