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Fold: The Easiest Way to Stack Sats

Matt Snow
3 min readAug 14, 2020

Why You Should Be Using Fold’s Bitcoin Rewards App

“I can’t afford a whole Bitcoin” is a common refrain amongst newbies to the Bitcoin space. Just simply looking at the Bitcoin price, which is currently over $11,500, it’s easy to see why many people think this way. The vast majority of people alive today grew up in a world where stock markets where the main form of investing and you had to be able to afford an entire share, often priced in hundreds or thousands of dollars. But digital innovation has changed that, as retail investors can now by partial shares on Cash and Robinhood. And likewise, Bitcoin is a highly divisible asset. Each Bitcoin is actually divisible into 100,000,000 units called “Satoshis” or “sats.” Thus the common memes on Bitcoin Twitter about stacking sats.

foldapp.com

Even if you can only afford to invest $1, $10, or $100 in Bitcoin, you’re actually getting a lot of Satoshis, because Bitcoin is such an undervalued asset. At the time of writing this, every $1 (USD) is equivalent to over 8,500 satoshis. And since Bitcoin has a fixed supply of 21 million Bitcoins, these “sats” are likely to have a lot more purchasing power in the future. But what if you really don’t have that much…

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Matt Snow
Matt Snow

Written by Matt Snow

Investor at Trammell Venture Partners | BCO Board Member | Bitcoin | Venture Capital | Investing | All opinions my own.

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