The way I see it, in hyperbitconized world the stakes are extremely high 🚬 Right now if Im an owner of huge company that employs thousands of people, If I make bad decisions I will be bailed out. Example is Lufhansa during covid. And during covid every billionaire got sooo much richer, while the public got poorer in real terms.

How bitcoin changes the game? When #Bitcoin is seen as multiple times better Investment than everything else and when it becomes common knowledge that the risk of keeping your money in anything other Bitcoin is massively higher, nobody will want to exchange Bitcoin for fiat. Fast forward few years, Bitcoin price is boring and extremely stable.

So at that point only exchanging Bitcoin for goods, services (cuz you have to) or investing it in sound businesses will make sense. At that point if your business collapses, you lost your Bitcoin, its gone. Depending of the size of investment lost, depends how fucked you are.

Governments even if they own some Bitcoin, they wouldn’t be able to bail you out, they won’t have Bitcoin to spare for you. They will lose voters and their own sits, due to inability to print Bitcoin and appease the public.

So in such world it doesn’t matter how big of a whale you are, if you lose your Bitcoin, nobody can help you out, without risking their own stack. Governments and businessmen alike.

Only people who are the best at producing value will be able to stay on top of the billionaire list. Not many will. The previous fiat billionaires would be the first ones to get wiped out imo.