The Path To Becoming Hyperbitcoinization

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There is a concept known as “hyperbitcoinization” in Bitcoin circles, which can be thought of as Bitcoin “going all the way”.

In order for Bitcoin to achieve hyperbitcoinization, it has to fulfill certain network and monetary needs. Without obtaining and maintaining these needs, it can not succeed.

One of the many things that separates bitcoin from the thousands of other cryptocurrencies was the fair launch on January 3rd, 2009. Bitcoin can be considered a typical fair launch coin; that’s to say, no Private sale, no ICO, no pre-mining.

Beyond that, if Bitcoin is going to succeed, then it cannot be centralized like gold, fiat. Network participants must prioritize keeping Bitcoin decentralized. The more distributed it is, the better it can defend itself from nation states and others from controlling the network.

Today, the world has a store of value crisis. As the Fed and central banks around the world continue to print more “free money,” more and more folks are starting to realize the potential that bitcoin has for everyday people and institutions.

Retail investors have used BTC as a savings technology for a long time, but in the past year institutions have joined us as well. Institutions are gobbling up more and more bitcoin as they understand the benefits of adopting a BTC standard.

After Bitcoin has sucked in trillions upon trillions of dollars, the next level for Bitcoin to conquer would be to become convenient enough to use and pay for goods and services in your everyday life.

With Bitcoin having become so popular, it is likely that the number of retailers and businesses that accept BTC transactions will continue to rise. This in turn will further increase the usage of BTC amongst consumers.

Once more and more individuals use BTC to save their wealth, merchants accept BTC, and institutions adopt it as their treasury reserve asset, we’re in the end game.

This is when everything in the world has been repriced in BTC in replacement of the U.S. dollar. This is a long-term process completed via price discovery.

Author Bio

Xiaoyu Ma mainly writes about bitcoin-mining companies based in China. He used to be a senior editor of NetEase Finance, a famous financial media in China.

-Xiaoyu Ma ( 570895995@qq.com )

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