The path toward hyperbitcoinization is becoming clearer by the day and is something nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqnz0fd0 and I have been talking about on RHR for ~8 years.
- Central banks and governments debase fiat currencies
- At the same time geopolitical tensions rise, driving a more multi-polar world
- Sovereigns and institutions fall back to gold because of familiarity and a liquidity profile that can handle larger flows compared to bitcoin
- Bitcoin is adopted by smaller players (individuals, corporations, funds) until sovereigns recognize that bitcoin is the ultimate store of value asset in the Digital Age
- The bitcoin standard rises from the ashes of fiat debasement and analog store of value assets
We are in Phase 3 right now.
