The phrase "a unit of bitcoin" is correct and usable in written English.
It can be used when discussing the measurement or value of bitcoin in terms of its smallest divisible parts or as a whole.
Example: "I bought a unit of bitcoin to diversify my investment portfolio."
Alternatives: "a bitcoin unit" or "one bitcoin".
In January a unit of Bitcoin cost around $15 (Bitcoins can be broken down to eight decimal places for small transactions).
Each holder of a Bitcoin unit was entitled to arrange receipt of a unit of Bitcoin Cash.
"All you need is a phone number and a dollar," to get a unit of Bitcoin says Haseeb Awan, one of the four co-founders behind BitAccess.
Very simply, a unit of Bitcoin will not increase in price because the underlying blockchain technology becomes more widely used, since neither Bitcoin nor an owner of Bitcoin has any patent rights to that technology nor derives income from it.
Much like the internet itself, the Bitcoin hive is essentially a distributed network of computers and people that are relying on a common technological process – the Bitcoin protocol – to confirm and validate every transaction made, using a unit of account called a "bitcoin" that can be broken down into fractions, thereby enabling previously impossible micro-transactions.
Interestingly enough, as a unit of market value, the Bitcoin suffers from the same basic flaw as our fiat dollar.
There are also references to the smallest unit of Bitcoin, a Satoshi, and other obscure terms that should inspire study amongst their fans.
"Once investors start to understand why Bitcoin creates value to society and trades for roughly $500 per unit of bitcoin, then they can move to the stage of just analyzing this asset class from a purely technical standpoint and say, Does it make sense to add this to my portfolio?
Satoshi — The smallest unit of Bitcoin, named after the creator of Bitcoin, Satoshi Nakamoto.
To prevent things from becoming completely unwieldy, the Bitcoin protocol limits the size of each "block," the basic unit of Bitcoin's shared transaction register, to one megabyte.
