The Path To Becoming Hyperbitcoinization

Must Read

Eight Things in Crypto You Can’t Afford to Miss This Week

In this roundup, we cover China's market-rattling resistance to Bitcoin, the increasing drumbeat toward crypto regulation, the...

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand...

Your Wallet May Not Be as Secure as You Think; Here’s What To Do

Remember the egregious breach that exposed Ledger’s entire trove of customer data to the public?...
- Advertisement Banner

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 ( )

- Advertisement -
- Advertisement -

Latest News

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to announce that it has been...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...