Nope! 1 bitcoin is made up of 100 million units called sats (short for Satoshi). This divisibility allows for greater distribution among the population, as well as using bitcoin as a unit of account (pricing goods/services).
- When 1 bitcoin = $100,000 | 1.18 BTC
- $1 = 1000 sats
- $0.01 = 10 sats
- 1 sat = 10% of 1 U.S. cent
Everyday purchases are priced in sats while larger purchases are priced in bitcoin. A cup of coffee costs 3000 sats, a car costs 0.25 bitcoin, and a house costs 3 bitcoins.
NJ Bitcoin 
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