Hey Crypto World, Let’s Talk About Mainstreaming the Satoshi at Consensus

The high price of bitcoin intimidates crypto newbies. CoinDesk is hosting a private session at Consensus 2022 to begin changing the conversation.

AccessTimeIconMay 31, 2022 at 5:00 p.m. UTC
Updated Nov 6, 2023 at 3:40 p.m. UTC
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To those new to bitcoin, its high price can sometimes seem like a big “no entry” sign.

Although bitcoin, along with the rest of the crypto market, has been on a downturn lately, the price of a single BTC remains around $30,000, or about the starting price of a new Toyota Prius. Many take one glance and move on, not understanding that anyone can buy fractions of a bitcoin at countless places for pennies or even less.

Actually, bitcoin has a built-in way to express this: the satoshi. Named after the mysterious creator of the world’s first cryptocurrency, the satoshi represents the smallest fraction of a bitcoin you can buy, or one one-hundred-millionth of a bitcoin. Put more simply, 100 million satoshis equal one bitcoin.

If the bitcoin world offered easy ways to transact in satoshis, it could go a long way toward mainstream adoption of bitcoin and, by extension, crypto. That’s why CoinDesk is hosting a working session with select people in the industry at the Consensus 2022 Festival in Austin, Texas. It’s a private workshop to discuss ways the industry can move toward a world where transacting in sats isn’t just possible – it’s the norm.

If you’re attending Consensus and you’re interested in helping build a future more friendly to the mainstream retail investor, fill out the form below to be considered, and someone from our team will reach out to you.


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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Pete Pachal

Pete Pachal is CoinDesk's Chief of Staff for Content. He holds small amounts of BTC, ETH and SOL.